Finder makes money from featured partners, but editorial opinions are our own.

Joint Life Insurance

A joint life insurance policy covers two people. It pays out if one person in a couple passes away, after which the policy ends.

What you need to know

  • Joint life insurance can cover both you and your partner on a single policy.
  • It can work out cheaper than two standalone policies.
  • It can be less hassle to manage one direct debit payment and one policy.

Joint life insurance vs individual life insurance


Joint life insurance

  • Couples of a joint life insurance policy are covered under a single policy and usually share the same level of cover.
  • Most operate on a first-death basis which means the life insurance benefit is paid out just once – when the first person on the policy passes away.
  • It's often an affordable and convenient solution for couples looking to take out life insurance – you can often get joint policy discount.

Individual life insurance

  • A single life insurance policy covers one person only.
  • If you both have individual life insurance policies and you or your partner dies, one policy will still be active.
  • Individuals can take out life insurance through their superannuation fund.

Direct life insurance policies that offer joint cover

Name Product Couples Cover Maximum Entry Age Maximum Cover Claims Acceptance Rate Average Claim Time Sum Insured
Real Family Life Cover
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.
Zurich Ezicover Life Insurance
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.
AAMI Life Insurance
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: Take out a new AAMI Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Suncorp Life Insurance
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: Take out a new Suncorp Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.

Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

Pros and cons of a joint life insurance policy


  • Affordability. The cost of insuring two people instead of one is cheaper, which in turn affects the price of the policy itself.
  • Peace of mind for both of you. If only one of you has life insurance cover, only one of you is protected – unlike with joint life insurance.
  • Convenience. It's one less policy to look after and one less monthly premium payment to keep up with.


  • Potentially complicated if your relationship breaks down. You'll need to cancel, split or agree to keep your policy in place.
  • You might not receive a discount. It might not be worth it if you can't receive a discount.

How do I speak to my partner or spouse about life insurance?

Why you can trust Finder's life insurance experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
expert adviceYou save time. We spend 100s of hours researching life insurance so you can sort the gold from the junk faster.
independentYou can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.

FAQs about joint life insurance

Speak with a broker about joint life insurance

Written by

Gary Ross Hunter

Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full profile

More guides on Finder

Go to site