Why is life insurance so important?
Life insurance can help provide a secure financial future for your family if you were to pass away. Life insurance pays a lump sum which can help your family manage expenses like the mortgage and school fees, every day bills and other unforeseen expenses, such as funeral costs.
What type of insurance is right for me?
There are lots of different types of life insurance policies, and they can sometimes be difficult to compare. It's important to remember that everyone's needs are different. For example, if you have kids or a partner who is financially dependent on you, you may consider pure life insurance. However if your family has flown the nest, you may only want funeral insurance to help take care of your loose ends. Then again, even if no-one depends on you financially, you may want accident insurance to help manage your finances if you were to suffer a serious accident. You should always consider the relevant Product Disclosure Statement to ensure the product meets your needs.
How can I save money on my insurance?
With some policies, the price you pay depends on your age, health and whether or not you smoke. While you can't change your age or your gender, if you permanently stop smoking, after 12 months of stopping, under an Aussie Life Plan™, you can be upgraded from "smoker" to "non-smoker" rates – this can mean significant savings on your premium.
You could also consider adding benefits such as accidental death and recovery benefits to your main policy. In some cases this can be much more cost effective and easier to manage than having multiple policies.
Get a life insurance quote to see how affordable Aussie Life Plan™ can be for you.
Am I covered if I am overseas?
Absolutely. Once your cover under Aussie Life Plan™ commences, provided you pay your premiums, you are covered 24/7, anywhere in the world.
Who can apply for Aussie Life PlanTM?
All Australians aged 18 – 64 can apply for Aussie Life Plan™. There are no medicals or blood tests to apply, and no forms to fill out either. Your life insurance application can be taken over the phone in just a few minutes. Simply call 1300 20 5433 today.
What is the Premium Rate Freeze?
Generally, life insurance premiums go up each year as you get older – but with Aussie Life Plan™, the rate at which your premium is calculated is frozen at the age you are when your policy starts, for the first three years, if you continuously hold your policy during that time.
This means that just because you get older, the rate at which your premium is calculated will not increase for those first three years. Plus, the Premium Rate Freeze™ will also apply to any optional benefits that you take out at the same time as your life insurance, and for any automatic sum insured increases you accept during that period.
Please note that the Premium Rate Freeze™ is not applicable if you apply for a higher benefit amount, or if you add an optional benefit after your policy has commenced. Actual premiums payable are subject to increase each year with CPI. Please refer to the Product Disclosure Statement for full terms and conditions.
Can I decide who receives the death benefit on my policy?
Yes - you can nominate up to 5 beneficiaries as part of your Aussie Life Plan™ policy, simply by downloading, completing and returning a beneficiary form.
What are the payment options?
You can pay your life insurance premiums either fortnightly or monthly at no extra cost. Plus you can have the deductions made from your nominated account on the day of your choice.
Can the insurer cancel my policy if I get sick?
No - your Aussie Life Plan™ policy can continue for life even if you become sick. So no matter what changes with your health or lifestyle, your policy can continue for as long as you choose, provided your premiums continue to be paid.
Who is the Insurer of Aussie Life PlanTM?
Aussie Life Plan™ is issued by Hannover Life Re of Australasia Ltd (Hannover), ABN 37 062 395 484 of Level 7, 70 Phillip Street, Sydney NSW 2000.
Hannover's portfolio of life insurance business has been in force for over 40 years and consists of approximately $450 million dollars of annual premium. The company is part of the Hannover Re Group which is one of the world's leading reinsurers. Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in over 20 countries.