Westpac Life Insurance Review

How we calculate Life Insurance Finder Scores

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What different scores mean

9+

Excellent

These products offer great value, with a good score across both features and price.

7+

Great

These are competitive products, though they didn't quite get top scores.

5+

Standard

These products might offer less value or command a higher premium than others in the market.

0+

Basic

These products might only offer a basic set of features or aren't very competitive on price.

Westpac life insurance: Our verdict

Read a more detailed review on:

Westpac life insurance pros and cons

Still wondering if Westpac is right for you? Here are the main pros and cons summarised:

How do I make a Westpac life insurance claim?

To make a Westpac life insurance claim, call 1300 551 431 Monday to Friday 8.00am to 6.30pm (Sydney time). It's important to contact them as soon as you can to get the process underway.

Compare life insurers in Australia

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Finder Score	Maximum Cover	Funeral Benefit	Optional TPD Cover	Optional Trauma Cover
Promoted Finder score 9.3 Excellent Medibank Life Insurance	Finder score 9.3 Excellent	Maximum Cover $2.5 million	Funeral Benefit $15,000	Optional TPD Cover $1.5 million (maximum cover)	Optional Trauma Cover Yes	Discount: Get a 10% discount if you're already a Medibank health insurance member. T&Cs apply.	Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. It also won Most Loved, Best Value and Legendary Service categories in the Finder 2025 Customer Satisfaction Awards.	Get Quote View details Compare product selection Compare	loading
Promoted Finder score 9.9 Excellent TAL Accelerated Protection Life Insurance Finder Award	Finder score 9.9 Excellent	Maximum Cover No set limit	Funeral Benefit $25,000	Optional TPD Cover $3 million (maximum cover)	Optional Trauma Cover Yes	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. T&Cs apply.	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).	Get Quote View details Compare product selection Compare	loading
Promoted Finder score 9.5 Excellent NobleOak Life Insurance	Finder score 9.5 Excellent	Maximum Cover $25 million	Funeral Benefit $25,000	Optional TPD Cover $5 million (maximum cover)	Optional Trauma Cover Yes	Discount: Get 2 months free on eligible NobleOak cover. For new customers and offer ends 14 Jun 2026. T&Cs apply.	Our verdict: Highly commended in the 2026 Finder Life Insurance Awards, offering up to $25 million in life cover, one of the highest payouts available.	Get Quote View details Compare product selection Compare	loading
Finder score 8.5 Great ahm Life Insurance	Finder score 8.5 Great	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover $1 million (maximum cover)	Optional Trauma Cover Yes	Discount: Get a 10% discount if you're already an ahm Health Insurance member. T&Cs apply.	Our verdict: ahm offers a simple application process. Be approved online or over the phone. No medical or blood tests needed to apply.	Get Quote View details Compare product selection Compare	loading
Finder score 7.5 Great Real Life Insurance	Finder score 7.5 Great	Maximum Cover $2 million	Funeral Benefit $20,000	Optional TPD Cover $1 million (maximum cover)	Optional Trauma Cover Yes	Get 10% cash back of the premiums you've paid after your 12-month anniversary with The Real Reward™. T&Cs apply.	Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams.	Get Quote View details Compare product selection Compare	loading
Finder score 7.5 Great Zurich Ezicover Life Insurance	Finder score 7.5 Great	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover	Optional Trauma Cover No	Discount: Get your first month free, plus a complimentary legal will. For policyholders who purchase an eligible Ezicover Life Insurance or Income Protection policy from 27 Jan 2023 and maintain cover for at least 12 months. Offer must be redeemed while the policy remains active. T&Cs apply.	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.	Get Quote View details Compare product selection Compare	loading
Finder score 6.8 Standard AAMI Life Insurance Most Loved	Finder score 6.8 Standard	Maximum Cover $1.5 million	Funeral Benefit $10,000	Optional TPD Cover	Optional Trauma Cover Yes	Save up to 10% on premiums every year for the life of your AAMI Life Insurance policy. T&Cs apply.	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.	Get Quote View details Compare product selection Compare	loading
Finder score 4.8 Basic Real Term Life Cover	Finder score 4.8 Basic	Maximum Cover $0.1 million	Funeral Benefit $20,000	Optional TPD Cover	Optional Trauma Cover No	Continue View details Compare product selection Compare	loading
Finder score Not scored yet Australian Seniors Life Insurance	Finder score Not scored yet	Maximum Cover $0.2 million	Funeral Benefit	Optional TPD Cover	Optional Trauma Cover No	Our verdict: Australian Seniors lets you take out cover up to the age of 79. No medical exams or blood tests needed to apply. Keep in mind: Low cover limit of up to $200,000 and no option to add TPD or Trauma cover.	Get Quote View details Compare product selection Compare	loading

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How we picked these

Finder Score - Life Insurance

Life Insurance is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 30 products and gave each one a score out of 10.

But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.

Read the full methodology

Frequently asked questions

• How can I apply for cover with Westpac?

  To apply for Westpac life insurance, customers can get a quote and apply online, via TAL. Westpac's life insurance is underwritten by TAL Life Limited, and applications can be made through TAL's website or by calling TAL's customer service team. Customers can also apply for cover through a financial adviser. The application process typically involves providing personal and medical information and completing a health assessment.

• Is Total permanent disability offered?

  Yes, TAL offers Total Permanent Disablement (TPD) cover as part of its life insurance policy. The TPD cover pays a lump sum if the insured person becomes totally and permanently disabled, and meets the policy definition of TPD. The definition of TPD and the level of cover offered may vary depending on the specific Westpac life insurance product chosen. More information on TAL's TPD cover can be found on their website and in the relevant product disclosure statement.

• Will my premium payments increase over time?

  Premium payments for TAL life insurance policies can increase over time. However, TAL does offer the option of choosing a stepped premium, where the premium amount increases each year based on your age, or a level premium, where the premium amount stays the same for a set period.

• What happens if I can't make my premium payments?

  If you can't make your premium payments for TAL life insurance, your policy will lapse and you will no longer be covered. If you experience financial hardship, you can contact TAL to discuss your options, including temporary suspension of your policy or adjustments to your premiums. If you are unable to meet your premium payments due to illness or injury, you may be eligible to make a claim under the policy's premium waiver benefit.

• How does interim accidental death cover work?

  Interim accidental death cover is a temporary benefit that is automatically provided for 90 days while an application for full life insurance cover with Westpac is being assessed. This benefit provides a lump sum payment if the insured person dies as a result of an accident during the 90-day period. However, this cover does not apply if the insured person dies as a result of an illness or natural causes.

Important note. These FAQs were generated by ChatGPT. A real-life human at Finder – James Martin, editor for insurance – reviewed the responses before publication.

Written by

Gary Ross Hunter

Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise

Gary Ross has written 572 Finder guides across topics including:

• Health, home, life, car, pet and travel insurance
• Managing the cost of living