Award Winner: NobleOak Life Insurance
First month free until 30/11/2020
- Fully underwritten
- Up to $15 million cover
- TPD and Trauma options
Updated . What changed?
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Our 2020 Finder Awards for Best Life Insurance looked at 20 brands across 12 different personas for both male and female aged between 30 and 50. We compared direct life insurance brands only and our comparison is not representative of the entire market.
Multiple quotes were obtained from each provider. The following product features ("metrics") were scored and weighted as follows:
Overall score was calculated as follows:
You can read our methodology in full here.
|Policy||Maximum coverage offered||Stand out features and benefits||Apply|
Medibank Life Insurance (non-member)
* See methodology above to find out how we ranked these policies.
There are three ways to buy life insurance – retail, direct or through your super. They all have their pros and cons, so it's important to know which one is right for you, before you make your decision.
Use Finder's online tool to compare the benefits of life insurers. Our table shows your key features at a glance but remember, if you click "view details" below the quote button, you'll be able to see a more in-depth breakdown of each policy.
However you choose to buy insurance, always be honest about your personal information. Don't be tempted to lie if you have a smoking habit, and if you're asked to disclose any pre-existing medical conditions, don't hold back.
Getting the benefit right is important. Accept that you might have to stomach a slightly larger premium if you want a bigger payout. Remember, Australians are chronically underinsured.
Before buying an insurance policy, always read the product disclosure statement (PDS) carefully. It contains everything you need to know about your life insurance.
Still unsure about life insurance and how it can work for you? It can be a tricky subject to tackle with lots of different factors to consider. So we put together a beginner's guide to life insurance which can help you if you're just starting out on your insurance journey.
At first glance all life insurance policies might look the same, but there are a few key features to keep an eye on so you can see if you're getting the best option for you.
No policy is perfect for everyone, but there are some important features to look out for if you're a senior on the hunt for the best life insurance.
If you have a pre-existing medical condition, and you want your life insurance to cover it, it's worth considering a policy which includes medical underwriting. You might pay more for your policy, but you'll have peace of mind that it'll pay out when it matters.
|Company||Policy||Underwriter rating (from Omnium)||Upfront medical assessment||Future insurability||Level premiums offered?||Price score||Finder score|
|TAL||Lifetime Protection||N/A||Yes - Online||Yes||Yes||D+||C+|
|AAMI||Life Insurance||93||Yes - Online||Yes||No||C+||C-|
|NRMA||Life Insurance||83||Yes - Online||Yes||No||D+||C|
|Allianz||Life Plan||100||Yes - Online||No||No||A||B-|
|Insureme Now||Superior Life Insurance Cover||N/A||Yes - Online||No||No||B+||B-|
|GIO||Life Protect||N/A||Yes - Online||No||No||C-||C-|
|Suncorp||Life Protect||N/A||Yes - Online||Yes||No||C-||C-|
|NAB||Essential Life||100||Yes - Online||No||No||C||D+|
|Bendigo||MaxLife Life Protect||N/A||Yes - Online||No||No||B-||C|
|NobleOak||Premium Life Direct||100||Yes (Over the phone)||Yes||No||A||A-|
|ANZ||Life Insurance||100||Yes - Online||Yes||Yes||B+||B-|
|HBF||Ezicover Life Insurance||93||Yes - Online||Yes||No||A-||B-|
|Zurich||Ezicover Life Insurance||N/A||Yes - Online||Yes||No||A-||B|
|Guardian||Life Insurance||N/A||Yes (Over the phone)||No||No||D||C+|
|Insuranceline||Life Cover||83||Yes - Online||Yes||No||B-||C+|
|Medibank||Life Insurance||100||Yes (Over the phone)||Yes||No||B||B-|
|NIB||Value Life Insurance||83||Yes - Online||No||No||C+||C-|
|Real||Family Life Cover||100||Yes (Over the phone)||No||No||C||C+|
|AHM||Life insurance||N/A||Yes (Over the phone)||Yes||No||B||B-|
* The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
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