Life insurance can help you protect your family financially if you suffer a serious illness or injury.
To help you get the cover you need, we've arranged affordable and comprehensive life insurance through NobleOak's My Protection Plan.
To speak with a Life Insurance specialist call:
1300 041 494
Life Insurance provides a lump sum payment if you die or become terminally ill, helping you clear your debts and support your family.
TPD Insurance is optional cover that provides a benefit in the event you become totally and permanently unable to work** due to accident, illness or suffering with a serious medical condition. This cover provides a lump sum payment of:
TPD Insurance could help you modify your home, replace lost income or clear debts.
Trauma Insurance is available either as a stand-alone cover or as an optional extra to Life Insurance.
This cover provides a lump sum payment of up to $2 million in the event you are diagnosed with one of the 38 listed medical conditions – including heart attack, stroke, cancer and coronary bypass surgery.
Trauma Insurance helps you to cover debts like a mortgage, or any gap in medical expenses, Trauma Insurance may be important in helping to maintain your lifestyle and covering additional rehabilitation expenses to aid in your recovery.
Choose cover of up to 75% of your income (up to $25,000 maximum payment per month) in case you can't work** due to sickness or injury, helping you support yourself, your family and cover essential living expenses. Premiums are usually tax deductible.
You can choose:
Business Expenses Insurance is a financial back-up plan for the self-employed if you can't work** due to serious illness or injury.
It provides a maximum cover of $25,000 per month, to help pay ongoing wages and superannuation costs of your non-income producing staff and rent for your office or shop. Premiums are usually tax deductible.
*The savings quoted are the average of the savings when comparing NobleOak's premiums for its Term Life cover under NobleOak's My Protection Plan product to the average cost of Term Life insurance products offered by other insurance companies, including products available directly from the insurer and those available for purchase through a financial adviser or broker. The premiums are based on a non-smoker with a Life insurance sum insured of $500,000 at 5 year age bands from age 20 to 65 for advised products and 20 to 55 for direct products. Life insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome. The premium comparison was undertaken in December 2016 based on published premium rates.
^NobleOak will advance $15,000 of the agreed Life insurance cover amount to assist with funeral expenses, upon evidence of age and receipt of the death certificate.
**A definition of 'Own' or 'Any' occupation may be applied to the policy, depending on the type of policy you choose. Consider the definitions provided in the Product Disclosure Statement to determine which definition is applicable for you.
One of NobleOak's friendly insurance specialists will help you get your Life Insurance quote over the phone. The quote will be emailed to you together with the My Protection Plan Product Disclosure Statement (PDS) and Financial Services Guide (FSG).
If you are happy with the quote, you can apply immediately either over the phone or book a time for a call back. NobleOak will complete the application for you based on your answers to the health and lifestyle questions.
We'll assess your application. If you need medical tests we'll pay for them and keep you updated on your progress.
The Life insurance cover provided through NobleOak's My Protection Plan has been independently reviewed by Strategic Insight.
The matrix above is an extract from the Strategic Insight Direct Insurance Report 2017©. It clearly illustrates the NobleOak's Life cover is amongst the leading players with respect to price and features when compared to other Life insurance available directly.
Strategic Insight (Actuaries and Researchers) is the leading independent supplier of Australian life insurance and manage funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.
My Protection Plan is a Life and Income Protection insurance product which provides comprehensive cover that is normally offered through financial advisers.
It's designed for people who want to buy comprehensive cover, with lower premiums and great personal service.
Unlike other direct life insurance products, My Protection Plan provides cover of up to $15 million for Life and up to $5 million for TPD (Total and Permanent Disability). You can also add Trauma Insurance (optional with Life Insurance or available as stand-alone cover), Income Protection Insurance and Business Expenses Insurance (subject to approval).
It's very easy. If you're happy with your quote, NobleOak can take you through the application process over the phone.
NobleOak will then assess the application and confirm with you when it is approved.
It generally takes around 20-30 minutes to complete the application. The assessment process time can vary, depending on whether any medical information is required, and whether there are additional requirements (e.g. a medical report from your doctor). These requirements will be arranged by NobleOak at no charge to you.
When additional requirements are necessary, the process to finalise the underwriting decision may take between 10-20 working days, depending on how quickly the doctors can provide their reports. At all times, NobleOak will manage the requirements for you and keep you informed of the progress of your application.
That will depend on your age, the amount of cover requested, your answers during the application and the results of any investigations NobleOak may wish to undertake.
Many clients complete the health and lifestyle questions with no additional requirements. However, if some answers indicate that more information is required the process may take longer from start to finish.
It is best to come prepared for the application with details of your health history and knowledge of any current medications.
Of course. My Protection Plan is comprehensive and you can apply for these covers if required. It is designed that way so you only pay for the cover that you need.
Christian Insurance has arranged premium rates that are very competitive, especially compared to other direct life insurance products. Our rates don't factor in face-to-face financial adviser commissions so we pass these savings onto you.
My Protection Plan is underwritten by NobleOak Life Limited, which is regulated by APRA and ASIC like every other Australian life insurance company and is subject to stringent capital and reserving requirements.
NobleOak has been protecting Australians for over 140 years.
NobleOak products are reinsured by one of the largest global reinsurers, Hannover Life Re, for extra security.
To generate a quote, NobleOak requires your name, date of birth, gender, whether you smoke or not, type of cover wanted, and the amount of cover sought.
They'll need your contact details too so they can reconfirm your identity next time you chat and to send the quote through.
Financial advisers are able to provide you with personal advice and review your personal objectives and needs. To support the service they provide they often charge a commission which is generally built into your premium.
When buying NobleOak's products directly through Christian Insurance, you won't receive personal advice. This reduces the cost of your cover by reducing the up-front commissions that are charged by advisers.
Yes, you can set-up cover for your spouse also. You can request a quote by calling 1300 041 494between 8:00am-9:00pm Mon-Thu (AEST) and 8:00am-6:00pm Fri (AEST), but the insurance specialist will need to speak to your spouse to finalise the application.
My Protection Plan is fully underwritten. This means that as long as you completely and correctly disclose all of your medical and lifestyle conditions and history, and truthfully answer any questions NobleOak asks, your application will be assessed based on this information, often without any exclusions specific to you, so you can be certain of what you are covered for.
While we can't provide personal or taxation advice, Life Insurance premiums are generally not tax deductible.
Income Protection premiums are generally tax deductible and the benefits are income tax assessable.
As everyone's situation is different, please speak to your accountant or financial adviser about this to be sure.
No, there is no obligation to take out the policy following the application. This process is to qualify you for the cover you have selected.
However, as NobleOak may access medical records during this process it is important that you are seriously considering the cover.
There is also a 30-day cooling off period once the policy is activated, to ensure your cover suits your needs.
Yes we can, simply call or email us.
No, we do not provide financial advice. All information we provide clients and the general public is of a general nature as we are not licensed to provide you with advice.
While we can't provide personal advice, a question you could ask yourself when assessing how much life insurance you need is:
"How much would your family need to ensure they are not financially disadvantaged upon your death or serious injury?"