What type of life insurance could I get to protect my family?
The right policy for you will depend on your family's circumstances and could include optional cover. The below features generally apply to the policies Choosi offers direct.
| Type |
Description |
Benefit |
Life Insurance
|
Cover for death or diagnosis of a Terminal Illness.
|
- Lump sum up to $1.5 million, generally tax-free. +
- Tailored cover.
|
Children's Insurance
|
Covers your child for Accidental Death, or a specific injury or serious illness.
Usually available as optional cover with Life Insurance policies.
|
- Lump sum payment.
- Cover additional costs such as medical expenses and school tuition.
|
Total and Permanent Disability Insurance
|
Cover for when you become totally and permanently disabled.
Usually available as optional cover with Life Insurance policies.
|
- Lump sum payment.
- Cover additional costs such as medical expenses and school tuition.
|
Serious Illness Insurance
|
Cover for a range of serious illnesses that may include Malignant Cancers, Stroke, Heart Attack or Coronary Artery Bypass Surgery.
Often available in as optional cover with Life Insurance.
|
- Assists with paying extra expenses during a life-threatening illness.
|
Accidental Death Insurance
|
Additional cover in event of Accidental Death.
Often available as an optional cover with Life Insurance.
|
- Death: Provides an additional lump sum payment to your life insurance benefit to financially support your family if you pass away as a result of an accident.
|
How much will it cost?
The premium for your life insurance policy will be based on, among other things, your age, gender, whether you smoke and your level of cover.
As a young family you will enjoy the benefits of:
Get a quote
We can't avoid the unexpected, but we can plan for it. If you would like to find out more about life insurance and how it can help your family, speak to Choosi’s team of Choosers on
1300 363 526 or
request a quote today.
This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market.
References
1. Australian Bureau of Statistics 2015, 3302.0 - Deaths, Australia, 2014, Table 8: Deaths, Age at death, Marital status, Australia - 2014, http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/3302.02014?OpenDocument
2. Wilkins, R. 2014, Families, Incomes and Jobs, Volume 9: A Statistical Report on Waves 1 to 11 of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, p 28, http://www.ncsehe.edu.au/wp-content/uploads/2014/06/Families-Incomes-and-Jobs-Vol-9.pdf