Let’s Insure life insurance

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.

Compare direct life insurance policies

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. ⭐ Current offer: Get one month free for a limited time - apply by 21 December 2023. Offer T&Cs on insurer website apply.	Get Quote View details	Compare	loading Fetching your data...
TAL Accelerated Protection Life Insurance Finder AwardBonus		No set limit	73	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 Quote View 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.	Get Quote 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 required.	Get Quote View 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...
RAC Life Insurance Bonus		$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.	Get Quote View 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 Quote 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.	Get Quote View details	Compare	loading Fetching your data...

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Level of Protection UnsureNone$100,000$200,000$300,000$400,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,250,000$1,500,000$1,750,000$2,000,000

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• A quick summary of Let's Insure Life Insurance
• Pros and Cons

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.

Read a more detailed review on:

Am I eligible for cover?

_{*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

• Q. How do I know when my cover starts?

  • 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.

• Q. When does my Let's Insure cover end?

  • 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.

• Q. Does my policy provide cover for me while I'm overseas?

  • A. Yes, Let's Insure offers worldwide cover 24 hours a day, seven days a week.

• Q. How does Let's Insure decide on my premium amount?

  • 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.

• Q. How do I specify who will receive the benefits from my policy?

  • A. When you apply for a Let's Insure policy you will be asked to nominate a beneficiary or beneficiaries.

• Q. My circumstances have changed and I want to increase my level of cover – how can I do this?

  • 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.

• Q. What are the premium options with Let's Insure Life Cover?

  • 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.

• Q. Is there a cooling off period for Life Cover?

  • 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.

• Q. How can I pay my premiums?

  • 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.