Australian Seniors Life Insurance Review

Australian Seniors has been looking after the insurance needs of older Australians since 1998. It offers a range of insurance products that have been specifically designed for the mature market, including home insurance, car insurance and travel insurance. Australian Seniors also provides Funeral Insurance.

What types of life insurance are offered by Australian Seniors?

Australian Seniors offers two life insurance products to mature Australians: Final Expenses Insurance and Accident Insurance.

Am I eligible for Australian Seniors life insurance?

To apply, you must be an Australian resident between 45 and 79 years of age. During the application process, you will also need to meet the health and lifestyle criteria set by the underwriter to be approved for cover.

Compare direct life insurance policies below

Name	Product	Maximum Cover	Maximum Entry Age	Terminal Illness Benefit	Claims Acceptance Rate	Average Claim Time	Sum Insured
NobleOak Life Insurance Finder Award		$25,000,000	74	$25,000,000	96.90%	1.1 months	$24,483 million	Our verdict: Finder Life Insurance Award winner for the last 5 years in a row. Good value for money, simple application process and a high claims acceptance rate.	Get QuoteView details Compare	loading Fetching your data...
Medibank Life Insurance		$2,500,000	70	$2,500,000	Data not available	Data not available	Data not available	Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. Get a 10% discount if you're already a Medibank Health Insurance member. ⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 31 July 2024. T&Cs apply.	Get QuoteView details Compare	loading Fetching your data...
TAL Accelerated Protection Life Insurance Finder AwardBonus		No set limit	74	Not stated	Data not available	1 months	$249,285 million	Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older). ⭐ Current offer: Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. Offer T&Cs on insurer website apply.	Get QuoteView details Compare	loading Fetching your data...
RACWA Life Insurance		$25,000,000	74	$25,000,000	96.90%	1.1 months	$24,483 million	Our verdict: RAC’s maximum death cover limit of $25 million is one of the highest limits you’ll find, including $5 million in TPD insurance. You can get an online quote, but you’ll need to call RAC to get trauma cover. Benefit from added peace of mind with fully underwritten insurance. RAC is also WA-based but services all of Australia.	View details Compare	loading Fetching your data...
ahm Life Insurance		$1,500,000	55	$1,500,000	Data not available	Data not available	Data not available	Our verdict: ahm offers a simple application process. You can be approved online or over the phone. There are no medical or blood tests needed. ⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 31 July 2024. T&Cs apply.	Get QuoteView details Compare	loading Fetching your data...
AAMI Life Insurance Bonus		$1,500,000	65	$1,500,000	Data not available	3.1 months	$37,768 million	Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams. ⭐ Current offer: Save up to 10% on premiums every year for the life of the policy on AAMI Life Insurance. Offer ends 30 Sept 2024. T&Cs apply.	Get QuoteView details Compare	loading Fetching your data...
Suncorp Life Insurance Bonus		$1,500,000	65	$1,500,000	Data not available	3.1 months	$37,768 million	Our verdict: Competitive maximum cover limit of $1.5 million. Suncorp lets you change your cover amount by up to $100,000 after a big life event, such as having a baby. ⭐ Current offer: Save up to 10% on premiums every year for the life of the policy on Suncorp Life Insurance. Offer ends 30 Sept 2024. T&Cs apply.	Get QuoteView details Compare	loading Fetching your data...
Real Family Life Cover Bonus		$1,000,000	64	$1,000,000	88.90%	2.4 months	$53,238 million	Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams. But households with larger debts may need more than a $1 million payout. ⭐ Current offer: Get back 10% of the premiums you’ve paid after 1 year.	Get QuoteView details Compare	loading Fetching your data...
HCF Life Protect Insurance		$1,500,000	65	$1,500,000	Data not available	Data not available	Data not available	Our verdict: Similar cover to other insurers ($1.5 million). A good discount for HCF members of 10% and an easy initial quote process. ⭐ Current offer: Eligible HCF Members receive 10% premium discount and HCF Thank You rewards.	View details Compare	loading Fetching your data...
Zurich Ezicover Life Insurance Bonus		$1,500,000	69	$1,500,000	98%	3 months	$24,495 million	Our verdict: Good if you want a cheap policy from a well-regarded insurer – its 98% claims acceptance rate is higher than any other provider on Finder. Zurich keeps things simple: unlike others, it doesn’t go in for optional add-ons such as TPD or trauma cover. ⭐ Current offer: Policy discounts include 10% off for your partner if you sign up for a joint policy. You can also get 5% off income protection if you buy it alongside your life cover.	View details Compare	loading Fetching your data...
Insuranceline Life Cover		$1,500,000	65	$1,500,000	90.10%	3.1 months	$37,768 million	Our verdict: Insuranceline pays a lump sum of up to $1.5 million. Once your cover’s in place, you can increase it after a big life event, such as having a baby, without further medical assessment. ⭐ Current offer: Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.	View details Compare	loading Fetching your data...
Guardian Life Insurance Bonus		$1,500,000	64	$1,500,000	88.90%	2.4 months	$53,238 million	Our verdict: Competitive cover limit of $1.5 million. You can add children’s cover of up to $50,000 – most policies don’t include this option.	View details Compare	loading Fetching your data...
RACQ Life Insurance Bonus		$1,000,000	65	$1,000,000	97%	Data not available	Data not available	One of just 4 insurers to offer children’s insurance. Get cover of up to $50,000 for 7 serious illnesses. RACQ offers 3 ways to save on life insurance: RACQ members get 10% off when buying online. There’s a 5% joint policy saving. Plus you could score 10% off your premiums if you achieve Silver status with AIA Vitality. You can apply for cover online or over the phone.	View details Compare	loading Fetching your data...

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Who is Australian Seniors ?

Established in 1998, Australian Seniors aims to meet the cover needs of mature Australians. The company's principals have more than 27 years of experience in providing quality insurance products for senior citizens, with a focus on innovation and customer satisfaction. People aged over 50 face different risks and have different needs to younger Australians, so Australian Seniors offers policies designed to suit the mature population.

As well as the life insurance products detailed above, Australian Seniors offers home, car and travel insurance. Its Home & Contents Insurance is available in two forms: Essential Cover and Top Cover. If risks like theft, fire or storm interfere with your home or contents, these policies are designed to provide the cover you need.

If you're looking to insure your vehicle, Australian Seniors offers Seniors Car Insurance, which has 4 types of cover: Comprehensive, Third Party Fire & Theft, Third Party Property Damage, and Pay as You Drive.
Finally, Australian Seniors also offers Seniors Travel Insurance to suit the needs of both domestic and international travellers.

Seniors Life Insurance general conditions

As with any insurance policy, there are a number of general conditions that apply to Seniors Life Insurance. These include::

• You can continue your policy for consecutive yearly periods by continuing to pay the premium. The terms and conditions will apply to your policy per the PDS and your schedule.
• Your policy expires at the end of the period of insurance which is when you reach age 85, a claim is paid in full or the policy is cancelled, whichever occurs first.
• Your premiums are generally not tax-deductible and any benefits you receive are typically not assessable income for tax purposes.
• You must be an Australian resident to qualify for cover.
• All payments between you and your insurer must be made in Australian currency.

When will I not be covered by Seniors Life Insurance?

You will not be covered in the event of death as a result of suicide or self-inflicted injury that occurs within 13 months of the acceptance date, reinstatement or increase of your cover. For the full list of exclusions, check the current Product Disclosure Statement (PDS) on the provider's website.

How do I make a claim with Australian Seniors life insurance?

You or your beneficiaries need to notify Australian Seniors as soon as possible after an event which may lead to a claim. You/they will have to obtain a claim form, fill it out and submit any other evidence which the insurer requests.

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