Guardian Life Insurance Review

Get up to $1.5m of cover with Guardian Life Insurance and receive policy features for families that can’t be found in some other competitors.

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$1,500,000

Maximum Cover

64

Maximum Entry Age

$1,500,000

Terminal Illness Benefit

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Details

Product NameGuardian Life Insurance
Maximum Cover $1,500,000
Terminal Illness Benefit$1,500,000
Funeral Benefit $15,000
Guaranteed Renewability
Cooling-off (days)30
Online Quote
Maximum sum insuredUp to $1,500,000, depending on your age and income
Age of entry18 - 64 years old
Residency statusMust be an Australian resident
How do I apply?Apply directly online. You will need to meet the health and lifestyle criteria during the underwriting application.
process

Note: Based on Guardian Life Insurance. Information last checked on March 2021. Always consult the Product Disclosure Statement (PDS)

ProsCons
  • Cover is guaranteed to renew as long as you pay your premiums
  • No future insurability benefit
  • Option to add Serious Illness Cover and/or Total and Permanent Disability cover
  • Underwriter has a strong claims reputation

Note: Based on Guardian Life Insurance. Information last checked on March 2021. Always consult the Product Disclosure Statement (PDS)

This cover might be suitable if:

  • You are looking to apply quickly for life insurance online.
  • You'd like the option of stacking on additional cover like Serious illness and Total and/or Permanent Disability Insurance cover.
  • You want to go with an insurer who has strong claims performance.

Apply carefully if:

  • You have pre-existing conditions - make sure you can declare your condition during the application for assessment. Otherwise, they could be excluded at claim time.

Don't get this cover if:

  • You are over 64 years of age
  • You are not an Australian resident
  • You want to be able to increase your cover in the future because of a life event (e.g. having kids) without doing another health / lifestyle questionnaire.

Note: Based on Guardian Life Insurance. Information is subject to change. Always consult the Product Disclosure Statement (PDS)

Types of cover that Guardian offers

  • Life Insurance: Life Insurance provides a lump sum payment in the event of your death or terminal illness. With Guardian Insurance, you are able to apply for up to $1,500,000 in coverage. Along with basic cover, Guardian also offers a range of benefits so that you can tailor your insurance package to suit your needs and offer a greater peace of mind.
  • Funeral Insurance: Funeral insurance is designed to cover the cost of a funeral and final expenses in the event of your death. Guardian provides up to $15,000 in coverage. There is guaranteed acceptance for applicants who are between the ages of 18 to 79.

Policy features and benefits

Explore each of Guardian's life insurance policies and the benefits and options for each.

Guardian Life Insurance Benefits

  • Applications are eligible to apply if they are Australian residents aged 18 - 64 years old
  • Coverage of up to $1,500,000, depending on the age of the applicant
  • No medical examination or blood tests required
  • Single and joint coverage options are available
  • Guaranteed renewable for life
  • Benefit is paid for any cause other than suicide in the first 13 months of the coverage
  • Benefit is paid if you are diagnosed as terminally ill
  • Choose to make either monthly or fortnightly premium payments
  • 30-day money-back guarantee
Options for Guardian Life Insurance
  • Children's Cover: A benefit amount from $20,000 up to $50,000 is paid if your child suffers a serious injury or illness such as meningitis, paralysis, and encephalitis. This benefit is also paid if the child suffers an accidental death. This option can help with extra costs such as medical expenses and school tuition. Eligibility: Insured child must be aged 2-17, the Policyholder must be aged 18-64 and the legal guardian or parent of the child.
  • Serious Illness Insurance: A benefit amount from $50,000 up to $500,000 is paid to you if you suffer from a serious illness, such as malignant cancer, stroke, heart attack or have coronary artery bypass surgery. Eligibility: Be an Australian resident aged 18-59.
  • Total and Permanent Disability Insurance: A benefit amount from $50,000 up to $1,000,000 may be paid to you if, as a result of injury or illness you are unable to work, or if you suffer the loss of limbs or sight, or due to loss of independent existence and you require care from an external party. Eligibility: Be an Australian resident aged 18-59, working at least 20 hours per week.

Guardian Funeral Insurance

Benefits
  • The chosen benefit amount (from $3,000 up to $15,000) is paid in the event of your death by natural causes (after the first 12 months of the policy).
  • Triple benefit paid in the event of accidental death – a maximum of $45,000 (from day one of the policy).
  • Guaranteed acceptance for all Australian residents aged 18 to 79.
  • No medical or health questions are required for application.
  • There are single and joint plan options available.
  • Choose to make either monthly or fortnightly premium payments.
  • Comes with a 30 days-day money-back guarantee

FAQs

Claiming your Guardian Insurance plans

Claims are eligible to be paid by Guardian Insurance as soon as a completed Claim Form is received together with the required supporting documents. Accidental Death Claims will be paid as soon as proof of Accidental Death is received.

Claiming Life and Funeral Insurance

Your beneficiary, family member or yourself should contact Guardian and let them know that you intend to lodge a claim. A Claims Booklet should then be sent to you, which will need to be filled out. You will also need to provide the following documents:

  • Proof of death
  • Proof of the age of the insured person
  • Proof of the claimants identity
  • Proof of your relationship to the insured person
  • Original insurance policy document and policy schedule
  • Direct Debit Authority (if you would like the benefit payment to be deposited into a bank account)

Compare other direct life insurance policies below

Name Product Maximum cover Maximum Entry Age Fully Underwritten? Terminal Illness Benefit Optional Extras
NobleOak Life Insurance
$15,000,000
69
$3,000,000
TPD cover, Trauma cover
Get your one month free when you buy NobleOak Life Insurance policy. Offer ends 31 October 2021. T&C's apply.
Real Family Life Cover
$1,000,000
64
$1,000,000
TPD cover, Trauma cover
Get a refund of 10% of the premiums you've paid (in the first 12 months) with The Real Reward™ .
Zurich Ezicover Life Insurance
$1,500,000
69
$1,500,000
No optional
Get your first month free and a 10% discount by taking out a second life insurance policy (discount applies to the second policy). Customers who suffer a serious side effect from an approved COVID vaccination may be eligible for a $50,000 one-off payment. T&C’s apply.
Medibank Life Insurance
$2,500,000
70
$2,500,000
TPD cover, Trauma cover
Medibank health members save 10% on premiums every year. T&Cs apply.
ahm Life Insurance
$1,500,000
65
$1,500,000
TPD cover, Trauma cover
ahm Health members can save 10% off premiums.
RAC Life Insurance (Only available in Western Australia)
$25,000,000
69
$25,000,000
TPD cover, Trauma cover
When you purchase RAC Life Insurance, WA residents receive complimentary RAC membership which includes access to discounts on fuel, savings on shopping, entertainment and more. T&Cs at rac.com.au.
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