Life Insurance Deals and Discounts November 2026

These regularly updated life insurance deals can include 1 month free, bonus gift cards or up to 10% in savings with major brands.

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Key takeaways

  • Life insurance deals often include free months or up to 10% off with major brands.
  • Long-term savings are possible through multi-policy joint or large sum discounts up to 34%.
  • Wellness programs and certain health conditions can also secure ongoing discounts on your premiums.

Before you take out life insurance, find out if there are offers that can help you get the most value for money while you meet your family's needs.

Life insurance deals and discounts from the Finder panel

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Get your first month free

Ends 30 November 2026

Purchase by 30 Nov 2026. Plus, ahm health members save 10% each year. T&Cs apply.


Get 10% off

Ends 30 November 2026

Get 10% off when you purchase by 30 November 2026. T&Cs apply.


Get 12 months life insurance cover for the price of 11

New members will get a one month free when paying annually. T&Cs apply.


Get 12 months life insurance for the price of 11

New members will get a one month free when paying annually. T&Cs apply.


Get 10% cashback after 12 months

Get 10% cash back of the premiums you've paid after your 12-month anniversary with The Real Reward™.


Get a $100 first year discount

Ends 24 February 2027

When you take out a new AAMI Life Insurance policy. T&Cs apply.


Get 2 months free

Ends 30 November 2026

Get 2 months free with NobleOak Life Insurance. Offer ends 30 Nov 2026. T&Cs apply.


Up to 15% off your TAL Life, TPD or Critical Illness policy

With the TAL Health Sense Discount. Eligibility criteria apply. T&Cs apply.

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What types of life insurance discounts and deals can I get?

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Loyalty discounts

Loyalty discounts are offered by almost all insurers if you keep your insurance with the same provider for more than one year. Discounts start at 5% and can go up to about 15% when you stay for a significant period of time e.g. 25 years.

For joint policies, the discount is calculated based on the partner who has the longest existing relationship with the provider. Businesses are treated as a separate entity, so your personal insurance policies won't contribute to loyalty discounts for a business in your name.

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Rewards programs

Some life insurance products allow you to collect reward points. These programs allow you to accumulate discounts on life insurance payments or accumulate points towards other rewards programs e.g. frequent flyers.

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Free life insurance for first month

Some insurers offer free life insurance cover for the first month. You still have the same level of cover during the premium-free period, but payments aren't taken until the second month. In some instances, you will be refunded a months worth of cover after holding the policy for 12 months.

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Large-sum discounts

If you purchase a large amount of cover, you may get a further discount. These can be up to 30% for amounts over $500,000. Discounts range from roughly 10% for $300,000 to 30% on an insured sum of $500,000. They can be combined with other discounts such as joint policy, loyalty and multi-policy if applicable.

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Multi-policy or joint discounts

Multi-policy discounts start at around 5% and increase to about 15% for 10 or more policies. Policies can be for the same or different types of cover for items such as cars, home, life and travel. To get the maximum discount you may need to hold policies for more than 25 years. Couples or families who take out a policy together may be able to get a joint cover discount as well.

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Wellness programs

Some life insurance policies give you access to health and wellness programs such as the AIA Vitality Program. Members are rewarded with discounts from commercial partners as they earn Vitality points as their health improves. Additionally, participation in the program can result in discounts on life insurance premiums.

Frequently asked questions

Gary Ross Hunter's headshot

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 519 Finder guides across topics including:
  • Health, home, life, car, pet and travel insurance
  • Managing the cost of living
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Writer

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. See full bio

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