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Life Insurance

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Lucky you're with AAMI

Help look after your loved ones, even when you’re gone.

from just $14.231

a fortnight

you can help ensure your loved ones are taken care of with a lump sum of up to $500k if the unexpected should happen.

Get a quote

Special offer

LOCK IN 5% SAVINGS, EVERY YEAR^
Enjoy 5% off your premiums every year for the life of the policy when you take out a new AAMI Life Insurance policy.

T&Cs apply.

How does Life Insurance work?

Life Insurance provides financial protection for your loved ones in case you are no longer around to support them. By receiving a lump sum in the event of your death, or if you are diagnosed with a terminal illness, those closest to you will be supported to pay their bills, continue their education and live their lives to the fullest.

Tailor a Life Insurance policy that’s right for you

There’s no point paying for things you don’t need. That’s why AAMI Life allows you to tailor your policy to your situation, so that you can avoid paying for any unnecessary extras.

AAMI Life Insurance

Best Value

what's included

  • Up to $1.5 million cover (subject to eligibility criteria)
  • Up to $10,000 advance payment (upon death)
  • Cover until your 99th birthday

Full explanations available below

what's optional

  • Major Illness and/or Cancer Cover

Intentional self-inflicted acts

An AAMI Comprehensive Life Cover benefit is not payable in the event of intentional self-injury or suicide within 13 months of cover commencement.

Death in a travel-banned country

If you die in a country where the DFAT has issued a ‘Do not travel’ warning.

you're not covered for

  • Intentional self-inflicted acts 
  • Death in a travel-banned country 
  • Any special term listed on your policy

Help protect your loved ones from just $14.231 a fortnight.

Get a quote in minutes

For a full list of exclusions, refer to the

Product Disclosure Statement (PDS)

How much Life Insurance do I need?

The amount of Life Insurance cover you need will depend on your circumstances, for example how many dependents you have, what your current income is and your level of debt. Use the Life Insurance Calculator to get an indication of how much cover you may need.

Why is life insurance important?

Our loved ones are the most important thing in life, and with life insurance, you can live life confidently knowing they’re protected if something were to happen to you. Learn more about how life insurance can help protect your family through life changes big and small.

Get a quote for a tailored policy that’s right for you and your family

Discounts

Just for you

AAMI Answers

Learn more about Life Insurance

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Why AAMI Life Insurance?

When it comes to protecting the ones you love, you can rest easy knowing that AAMI Life was the winner of the Reader’s Digest Trusted Brand award for Life in 2019 and 2020.

Common Life Insurance Misconceptions

Life Insurance

Frequently asked questions

  1. Female Non-Smoker Age 30 with a sum insured of $500,000. The average applicable fortnightly premium amount for this segment and sum insured is $14.23.
  2. Exceptions apply such as when cover is used for some business purposes and for non-financially-dependent beneficiaries of life cover under a superannuation plan. Taxation advice specific to your circumstances is recommended.

^Offer only available to new customers who take out a quote and new AAMI Life Insurance policy from Friday 15th of December 2023 to 8:59am (AEST) Tuesday 2nd of April 2024. The 5% discount will be applied to your AAMI Life Insurance premium for the life of the policy. This offer is not valid in conjunction with the existing AAMI customer discount.

AAMI Life’s Commitment to the Life Insurance Code of Practice

AAMI Life Insurance policies are issued by TAL, who played a key role in creating the Life Insurance Code of Practice. AAMI Life is committed to delivering the best possible customer service standards. AAMI Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more

At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.

Intentional self-inflicted acts

An AAMI Comprehensive Life Cover benefit is not payable in the event of intentional self-injury or suicide within 13 months of cover commencement.

Death in a travel-banned country

If you die in a country where the DFAT has issued a ‘Do not travel’ warning.