How life insurance works

Life insurance can help protect you and your loved ones financially if something unexpected happens.

What life insurance covers

Different life insurance products are designed to protect you from different events that can occur:

What to check before you buy life insurance

Before buying, renewing or switching insurance, check if the policy will cover you for claims associated with COVID-19.

Before you buy life insurance, by law an insurer must give you a Product disclosure statement (PDS). Check the PDS for:

  • what’s covered and what’s excluded under the policy
  • what information you’ll need to give an insurer
  • information on premiums and how they change over time
  • waiting periods before you make a claim
  • how to make a claim
  • how to complain about the claims process or decision

Also check whether you already have life insurance through your super. Make sure you’re not paying for insurance twice.

Please contact us on 03 9770 6499 if you seek further assistance on this topic.

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