Woolworths Life Insurance

How we calculate Life Insurance Finder Scores

Read full methodology

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.

Woolworths life insurance: Our verdict

Read a more detailed review of Woolworths life insurance

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

Are you a Woolworths Rewards member? Take out a life insurance policy, save up to 10% on cover.

There are many good reasons to take out Woolworths Life Insurance, the main one being that if you're a Woolworths Rewards member, you're entitled to a 10% discount on your premium.

What are the membership benefits of Woolworths Rewards?

The benefits of being a Woolworths Rewards member don't end with taking out an insurance plan. Members also enjoy the following:

• One point for every dollar spent instore and online at Woolworths supermarkets, or at BWS and Caltex Woolworths fuel outlets. This excludes outlets in Tasmania, as well as Star Mart and Star Shop.
• Member-only offers instore, online and via email.
• A discount of 4 cents per litre at Caltex Woolworths fuel outlets when you spend $30 or more at a Woolworths supermarket.
• The option to convert your savings to Qantas Points in the Qantas Frequent Flyer program. Each 2000 Woolworths Points = 1000 Qantas Points.

What other insurance discounts does Woolworths offer?

As well as the 10% discount on life insurance if you a Rewards member, you can enjoy discounts on a variety of other types of Woolworths insurance as well, including the following:

• Car Insurance. Woolworths will beat any quote on comparable comprehensive car insurance if you are over 25 years of age. Save up to 15% online.
• Home & Contents Insurance. Save up to 20% if you purchase your policy online.
• Pet Insurance. Woolworths will better any quote you find on comparable pet insurance.

Compare direct life insurance policies below

{"userFilters":[{"config":{"MULTISELECT":true,"VALUES":"TPD cover, Trauma cover, Children's Insurance, No optional"},"dataSelector":{"recordType":"product","fieldCode":"FILTERS.OPTIONAL_ADD_ONS"},"dataType":"TEXT","label":"Optional Extras","order":1},{"config":{"VALUES":"Yes,No"},"dataSelector":{"recordType":"product","fieldCode":"FEATURES.FULLY_UNDERWRITTEN"},"dataType":"TEXT","label":"Fully Underwritten","order":2},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"FILTERS.TERMINAL_ILLNESS_BENEFIT_2"},"dataType":"MONEY","label":"Cover Amount","order":3},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"FILTERS.TERMINAL_ILLNESS_BENEFIT"},"dataType":"MONEY","label":"Terminal Illness Benefit","order":4},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"FEATURES.FUNERAL_BENEFIT"},"dataType":"MONEY","label":"Funeral Benefit","order":5},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"FILTERS.MAX_ENTRY_AGE"},"dataType":"NUMBER","label":"Maximum Entry Age","order":6},{"config":{"MULTISELECT":true,"VALUES":"Child cover, Interim accident cover, Counselling benefit, Guaranteed renewability, Increase cover without a medical, Premium suspension "},"dataSelector":{"recordType":"product","fieldCode":"FILTERS.INCLUDED_BENEFITS"},"dataType":"TEXT","label":"Benefits","order":7},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Providers","order":8},{"config":{"VALUES":"Apply directly online,Underwritten via a broker"},"dataSelector":{"recordType":"product","fieldCode":"FEATURES.POLICY_TYPE"},"dataType":"TEXT","label":"Product Type ","order":null},{"config":{"VALUES":"0"},"dataSelector":{"recordType":"UI_FILTER_COMPONENT","fieldCode":"FULL_MARKET"},"dataType":"FULL_MARKET","label":"More products"}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":",","filterBoundsMap":{"product.FILTERS.OPTIONAL_ADD_ONS":null,"product.FEATURES.FULLY_UNDERWRITTEN":null,"product.FILTERS.TERMINAL_ILLNESS_BENEFIT_2":{"minimum":"100000","maximum":"25000000"},"product.FILTERS.TERMINAL_ILLNESS_BENEFIT":{"minimum":"100000","maximum":"25000000"},"product.FEATURES.FUNERAL_BENEFIT":{"minimum":"0","maximum":"30000"},"product.FILTERS.MAX_ENTRY_AGE":{"minimum":"45","maximum":"79"},"product.FILTERS.INCLUDED_BENEFITS":null,"product.GENERAL.PROVIDER_ID":null,"product.FEATURES.POLICY_TYPE":null}},"prefilled":false,"experimental":false}

Product	Finder Score	Maximum Cover	Funeral Benefit	Optional TPD Cover	Optional Trauma Cover	Reward
Promoted Finder score 9.9 Excellent TAL Accelerated Protection Life Insurance Finder AwardBonus	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		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 More info Compare product selection Compare	loading
Promoted Finder score 9.2 Excellent NobleOak Life Insurance	Finder score 9.2 Excellent	Maximum Cover $25 million	Funeral Benefit $25,000	Optional TPD Cover $5 million (maximum cover)	Optional Trauma Cover Yes		Our verdict: Highly commended in the 2025 Finder Life Insurance Awards, good value for money, simple application process and a high claims acceptance rate. It's also the cheapest life insurer for those aged between 30-40.	Get Quote More info Compare product selection Compare	loading
Promoted Finder score 9.6 Excellent Medibank Life Insurance	Finder score 9.6 Excellent	Maximum Cover $2.5 million	Funeral Benefit $15,000	Optional TPD Cover $1.5 million (maximum cover)	Optional Trauma Cover Yes		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 2024 Customer Satisfaction Awards. ⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 31 July 2025. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
Finder score 8.2 Great ahm Life Insurance	Finder score 8.2 Great	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover $1 million (maximum cover)	Optional Trauma Cover Yes		Our verdict: ahm offers a simple application process. Be approved online or over the phone. No medical or blood tests needed to apply. ⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 31 July 2025. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
Finder score 7.5 Great Real Life Insurance Bonus	Finder score 7.5 Great	Maximum Cover $2 million	Funeral Benefit $20,000	Optional TPD Cover $1 million (maximum cover)	Optional Trauma Cover Yes		Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams. ⭐ Current offer: Get 10% cash back of the premiums you've paid after your 12-month anniversary with The Real Reward™.	Get Quote More info Compare product selection Compare	loading
Finder score 6.8 Standard Zurich Ezicover Life Insurance Bonus	Finder score 6.8 Standard	Maximum Cover $1.5 million	Funeral Benefit $15,000	Optional TPD Cover	Optional Trauma Cover No		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 More info Compare product selection Compare	loading
Finder score 6.4 Standard AAMI Life Insurance Bonus	Finder score 6.4 Standard	Maximum Cover $1.5 million	Funeral Benefit $10,000	Optional TPD Cover	Optional Trauma Cover Yes		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: Save up to 10% on premiums every year for the life of the policy on AAMI Life Insurance. Offer ends 31 July 2025. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
Finder score 6.4 Standard Suncorp Life Insurance Bonus	Finder score 6.4 Standard	Maximum Cover $1.5 million	Funeral Benefit $10,000	Optional TPD Cover	Optional Trauma Cover Yes		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: Save up to 10% on premiums every year for the life of the policy on Suncorp Life Insurance. Offer ends 31 July 2025. T&Cs apply.	Get Quote More info Compare product selection Compare	loading

loading

Compare other products

We currently don't have that product, but here are others to consider:

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 full Finder Score methodology

Speak to an insurance specialist to help you find personalised cover

Questions you still might have about Woolworths life insurance

• When does Woolworths Life Insurance cover start?

  A. Cover will commence on the acceptance date that is stated on the policy schedule.

• When does cover end?

  • A. Cover will end:
    • From the date of payment of the total benefit amount in respect of a life insured and there is no surviving partner life insured
    • The date the policy is cancelled by the policyholder
    • The date the policy is cancelled following no premium payments being made

• Can I change my cover?

  • A. You can apply to:
    • Increase your cover
    • Decrease your cover
    • Change from smoker to non-smoker status
  • Any request is subject to acceptance by Woolworths.

• How can I pay for my cover?

  • A. You can choose to have payment for cover deducted fortnightly, monthly or annually. Payment can be made by direct debit, cheque or credit card.

• Is there a cooling off period?

  • A. Each policy will feature a 30-day cooling off period whereby you can cancel the policy provided no claim has been made.

• How is my policy taxed?

  • A. Premiums are generally not tax-deductible and tax will generally not be required to paid on benefits paid to beneficiaries.

These are just some of the questions that you may have regarding the Woolworths Life Insurance policy. Don't hesitate to speak with a representative from Woolworths prior to applying for cover to ensure you are aware of all the terms and conditions of the policy.

Compare other products from Woolworths

• Woolworths credit cards
• Woolworths mobile plans

Written by

James Martin

Journalist

James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, Insurance News, 7NEWS and The Guardian. An experienced journalist, James' work has featured in publications including The Irish Times, Companies100 and In Business. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

James's expertise

James has written 185 Finder guides across topics including:

• Car, home, life, health, travel and pet insurance
• Managing the cost of living
• Money-saving tips