The prospect of our own mortality is hardly something any of us enjoys thinking about — after all, we’ve all got our own busy lives to think about. But taking a little time now to plan for the future and work out how your family would manage financially if you were no longer around is incredibly important for all Australians.
Let's Insure life insurance is currently unavailable to new applicants. You may wish to compare our panel of direct life insurance brands below:
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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.
Cost of your policy (and your sum insured) will increase yearly so that it meets the cost of inflation unless you opt out.
You can increase your sum insured every 12 months without a health assessment.
Note: Conditions apply, always consult the Product Disclosure Statement (PDS)
Life insurance is designed to help your family cope with the financial impact when you die or suffer a serious injury. Let’s Insure is an Australian life insurance specialist that offers a range of cover options to help meet the insurance needs of you and your family. Its policies are underwritten by St Andrew’s Life Insurance, which has been offering crucial financial protection to Australians since 1998.
What are the key features that you will find in a Let's Insure policy?
30-day money-back guarantee. If you cancel cover within the 30-day cooling-off period, you will receive a full premium refund.
Guaranteed benefit increases. Provided specific terms and conditions are met, you can increase your Life Cover benefit amount once every 12 months without having to undergo further health assessment.
Interim Accidental Death Cover. If you apply for Let’s Insure Life Cover over the phone and the insurer requests more information to properly assess your application, 30 days of free interim Accidental Death Cover is provided.
Financial Planning Benefit. Once you’ve held your Let’s Insure policy for at least three consecutive years, it will be automatically upgraded to include a Financial Planning Benefit. There is no additional cost attached to this benefit, which provides up to $3,000 cover for financial advice you receive from a licensed financial planner within 12 months of an accepted Life Cover claim.
Financial Assistance Benefit. Once you’ve held your policy for 12 continuous months, it will be automatically upgraded to include a free Financial Assistance Benefit. This benefit allows you to waive your premiums for up to three months if you are experiencing financial hardship.
Your choice of premiums. Let’s Insure provides the flexibility of stepped or fixed premium options, allowing you to choose the best option for your cover needs and your family’s budget.
Automatic sum insured increases. If you choose stepped premiums, your sum insured automatically increases by 5% each year in order to maintain the real value of your insurance.
Flexible payment options. You can pay your Let’s Insure life insurance premiums fortnightly, monthly or yearly – whichever option best suits your budget. Premiums are automatically deducted from your nominated credit card or bank account.
Let's Insure Life Cover provides a benefit in the form of a lump sum in the event of your death or terminal illness. There are two styles of policy to choose from depending on the needs of you and your family:
Essentials Life Cover This policy offers an affordable cover that can insure you for life. To apply, you will need to answer a few health and lifestyle questions.
Get a lump sum payment between $50,000 and $350,000
$16,000 in funeral benefits
$3,000 in financial planning benefits after 3 years
Free interim accidental death cover
Waive premiums if experiencing financial hardship
Can choose between stepped and level premiums
Premiums are free after turning 92 years old
Easy Life Insurance This is a guaranteed acceptance policy with an automatic cash payout at the age of 85. You can get cover over the phone without having to answer any health questions.
Get a lump sum payment between $15,000 and $350,000
Guaranteed renewable for the life of the policy
Receive a 100% cash payout of your benefit amount on your 85th birthday
Stepped premium option only
Key points of Let's Insure Total and Permanent Disability (TPD) cover
With TPD, cover you'll receive a lump sum payment in the event that you are permanently disabled and unable to work. To apply, you must be an Australian resident aged 18-60.
Get a lump sum payment of between $50,000 and $350,000
Choose from stepped or level premiums
Only available with Essentials Life Cover
Key points of Let's Insure Trauma Cover
Trauma cover provides a lump sum payment of up to $350,000 if you suffer a specified trauma event, such as cancer, heart attack, stroke or coronary artery bypass surgery. To apply, you need to be an Australian resident aged 18-60 and be able to pay premiums over time.
Get a lump sum payment of between $50,000 and $350,000
A total of 20 trauma events are covered by this policy
Choose from stepped or level premiums
Only available with Essentials Life Cover
Key points of Let's Insure Children's cover
Let's Insure Children's Cover provides a lump sum payment of up to $60,000 if an insured child dies as a result of an accident or suffers a specified trauma event, for example, cancer, major head trauma or major burns. The minimum benefit amount is $10,000, and this optional cover is only available with Let's Insure Life Cover.
Get a lump sum benefit from $10,000 up to $60,000 ($50,000 with Easy Life Insurance)
Eligible to children aged between 2 and 18 years of age
Available with both Essentials Life Cover and Easy Life Insurance
Key points of Let's Insure Accidental Death Cover
This optional cover gives you a benefit in the event of your accidental death. This amount is paid in addition to any Life Cover Benefit.
Get a monthly benefit between $15,000 and $350,000
Choose from stepped or level premiums
Available with both Essentials Life Cover and Easy Life Insurance
Am I eligible for cover?
Policy
Age of entry*
Life Cover
18-65
Total and Permanent Disability Cover
18-55
Trauma Cover
18-55
Accidental Death Cover
18-65
Child cover
2-18
*This can vary depending on the sum insured.
About the insurer
Let’s Insure offers a range of life insurance solutions to customers throughout Australia. Its range of policies includes Funeral Cover, Life Cover, Easy Life Insurance and Accident Cover, with each policy designed to provide peace of mind and financial support for you and your loved ones.
Who is Let’s Insure cover issued by?
The company’s insurance products are issued and insured by St Andrew’s Life Insurance, which has been providing consumer credit and life insurance solutions to Australians since 1998.
How are my premiums paid?
Let’s Insure Life Cover premiums can be paid fortnightly, monthly or yearly. You have the flexibility to select which day of the month you would like your premium payment to be deducted from your nominated credit card or bank account, and you have the option to change your choice at any time by phoning Let’s Insure.
Depending on your cover needs and financial circumstances, you can select stepped or fixed premiums for your Let’s Insure Life Cover.
Stepped premiums are recalculated each year to reflect your age as well as an automatic 5% increase in the sum insured.
Fixed premiums are determined by your age when you apply for cover and remain the same for the life of your policy. In order for your premiums to remain at the same level, your sum insured will decrease each year.
How do I make a claim with Let's Insure?
If you, your beneficiary or your legal representative wish to make a claim under a Let's Insure policy, there are a few steps to follow:
Contact the insurer by phone on 1300 355 355 or email at customercare@letsinsure.com.au
Learn about the claims process by speaking with your dedicated Claim Manager
Mail completed forms to Claims Manager, Let's Insure, PO Box 1192, Chatswood NSW 2057
Supporting documents may also be required and can include sufficient proof of your claim (e.g. death certificate) and forms completed by the treating doctor or specialist
What are some of the key exclusions?
It’s important to be aware that there are certain situations where your Let’s Insure Life Cover policy does not offer any cover. No cover is available if the life insured dies or has a terminal illness as a result of intentional or deliberate self-inflicted injury within 13 months of any of the following:
Cover commencing
Cover being increased (but only in respect of the increase)
Cover being reinstated after previously being cancelled
In addition, your claim will not be paid if the insurer has specifically agreed on a special term of your policy that excludes an event or condition that leads to your claim.
Other exclusions may apply to specific Let’s Insure policies. For example, if you select Accidental Death Cover then your claim will not be paid if it arises due to:
Natural causes, illness, an intentionally self-inflicted injury or suicide
War or taking part in a riot or civil commotion
Engaging in criminal activity or illegal acts
Consumption of intoxicating liquor or drugs
Engaging in professional sport
Being a pilot or crew member of any aircraft
Read the PDS for full details of any general exclusions that apply to your policy.
Why you can trust Finder's life insurance experts
We're free
You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
We're experts
Our team of life insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 250+ guides to make it easier for you to compare.
We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of life insurance brands, making it easier for you to find a good deal.
We're here to help
Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.
Some final questions you might have
A. Your cover starts on the Acceptance Date, which is the date on which your application for cover is accepted. This will be outlined in your policy schedule.
A. A range of circumstances can cause your cover to end, including you cancelling your policy, the insurer cancelling your policy due to your failure to pay premiums, you reaching a certain age or you submitting a claim for certain benefits.
A. Yes, Let's Insure offers worldwide cover 24 hours a day, seven days a week.
A. The amount you will have to pay for your insurance premiums is influenced by a range of factors including the benefit amount you choose, your age, your gender and your smoking status. Further factors will be taken into account when you apply for Life Cover, such as your health, your occupation and your family medical history.
A. When you apply for a Let's Insure policy you will be asked to nominate a beneficiary or beneficiaries.
A. You will need to contact Let's Insure and complete a new application. You can also decrease your cover amount or add more family members to your policy if you wish.
A. You can choose from stepped or fixed premiums with your Life Cover. Under a stepped premium structure, the amount you pay will be calculated at each policy anniversary based on your age and the 5% automatic sum insured increase, causing your premiums to rise each year. With a fixed premium structure, your premium is based on your age when you apply for cover and remains the same when you apply for cover. No matter which option you choose, premiums are free once you reach 92 years of age.
A. There is a 30 day cooling period in which you can cancel your policy and receive a full refund of the premiums you have paid. The cooling off period starts from the date of the first premium payment date.
A. Payments options are flexible for your convenience. Payments can be made by your nominated credit card, bank card or credit union card at either a fortnightly, monthly or yearly schedule.
Cristal Dyer is a travel writer at Finder. She has been writing about travel for over five years and has visited over 40 countries around the world. Cristal currently travels full-time, writing about her favourite cities and food finds, and she is always on the lookout for amazing flight deals to share.
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