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Life Insurance & Income Protection

If anything were to happen, life insurance and income protection could help ease the burden on you and your family.

Reader's Digest Trusted Brand Winner - Life Insurance Reader's Digest Trusted Brand Winner - Life Insurance Reader's Digest Trusted Brand Winner - Life Insurance Reader's Digest Trusted Brand Winner - Life Insurance

Lucky you're with AAMI

Existing AAMI customers

receive a 5% discount

for Life Insurance and Income Protection Insurance

Not sure how much cover you may need?

 Try the Life Insurance calculator

Unsure which insurance is right for you?

Select what best sounds like you

How to

Apply for life insurance and income protection

Set up your Life Insurance or Income Protection today with AAMI Life. Applying is quick and easy, there are no medical tests and you can get a quote online in minutes.

STEP 1Get a quote

Start the online quote process and answer some simple Yes/No health & lifestyle questions to get your quote.

STEP 2Review

Review your quote and PDS, and then set your premium preferences.

STEP 3Add payment and confirm

You’re now covered. You’ll get an email confirmation and your policy documents will be posted to you for your records.

Life Insurance

What's right for you?

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Why get Life Insurance with AAMI?

You can rest easy knowing that AAMI’s flexible, reliable Life Insurance was the winner of the Reader’s Digest Trusted Brand award for Life in 2019 and 2020.

Life & Income Protection Insurance

Frequently asked questions

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 and support the Financial Services Council in promoting and monitoring the Code of Practice. AAMI Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more

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.

Up to $1.5m cover

Subject to eligibility criteria

Up to $10,000 advance payment

Upon death

Up to 75% of income

75% of the average of the last 12 months’ pay at time of claim

Monthly benefit payments

From the end of the waiting period, after a successful claim has been made

Pre-existing conditions

If you meet health assessment criteria

Eligibility criteria applies

Must be aged 18-60 inclusive