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Find the right type of Life Insurance for you
I am young & single
Why insure with AAMI?
Over 45 years' experience insuring Australians
Easy, 3 step claims process
Amazing customer rewards
There’s no one-size-fits-all policy when it comes to life insurance options. That’s why we’ve got different choices available to suit you and your family. You’ve probably got protection for things like your home and your car, so don’t skip insurance for your most valuable assets: your life and income. To help you work out the best option for your current needs, here are some of the main features of the different cover types:
Waiting and no claim periods, payout limits, benefit periods and exclusions apply. Please see the PDS for more information.
How would your family survive without your income and financial contribution? To work out how much life insurance is enough for your family, there are a few factors to consider. The size of your family, your age, your mortgage and debts and your family’s current and future lifestyle expenses will all influence the amount you should aim to be covered for. Being in control of your life insurance gives you the flexibility to make sure your policy covers you for what counts.
Set up your Life Insurance or Income Protection Insurance online in three simple steps today. In just 5-10 minutes you can submit your application, enter your payment details and be instantly covered. You don’t need to make a phone call, and there’s no medical check required.
Life can be unpredictable, throwing us all kinds of challenges. But no challenge compares to the death or serious illness of a loved one.
How would your family life change if this happened to you? Would your family be able to survive financially without the usual income and support from you or your partner? If you have trouble answering, there’s a good chance you need to consider updating your Life Insurance.
Life Insurance is a helpful financial safety net designed to provide for your family’s normal expenses if you’re no longer able to. For many families, it can be all the difference between a relatively comfortable adjustment period and dealing with serious financial hardship.
Applying for Life Insurance online is surprisingly easy. The whole process takes 5-10 minutes and includes entering your details and answering around 25 yes/no questions to determine your level of cover and premium amount.
A lump sum payment of up to $1 million could be paid to your beneficiaries if you were to pass away. You can choose to change your level of cover any time. If you’re not sure how much cover you need, try our Life Insurance Calculator.
There are no waiting periods for AAMI Life Insurance. You’ll be covered immediately as soon as your application and payment are submitted.
It’s a good idea to have an “annual check-up” of your Life Insurance policy. A lot can happen in a year – babies are born, relationships and jobs change… you might even buy property. That’s why a yearly review lets you check that your Life Insurance is still meeting your family’s needs.
Accidental Injury
Accidental injuries include fractures, dislocations, severe burns, and loss of limbs or sight. For a full list and conditions, please refer to the PDS.
Monthly payments
Under Income Protection, you may be able to receive up to $10,000 each month. Under Redundancy Cover, you may be able to receive up to $4,000 each month.
Income Protection
Regular expenses could mean rent or mortgage repayments, bills and credit card repayments, childcare and schools, groceries, petrol, or something else.
Lump Sum
The total lump sum you or your beneficiaries are entitled to depends on your cover amount.
Initial Advancement Benefit
The initial advancement benefit is usually provided within 24 hours of an approved claim, and can be used to help meet immediate costs.
Life Insurance
Life Insurance can help with debt payments and your loved ones’ expenses through a tax-free lump sum payout.
