The importance of Life insurance

Choosing Life insurance is an important decision, often made when we experience a major life event, like taking on a mortgage or having children.

To decide whether you need Life insurance, simply ask yourself how the people who are dependent on you would survive financially if you were to pass away or become seriously ill or injured. You should consider how household bills would be paid, and how any debts would need to be managed or even paid out.

What we believe

We believe Australians deserve better.
We believe that for many of us, Life insurance is a need not a want. For too long you’ve had to pay too much for quality Life insurance to protect yourself and your family. Not anymore.

We believe you should feel confident at claim time.
We believe Life insurance should be done right from the start, and you should know and understand what you are covered for. We ask a few more questions up-front, so you have greater certainty at claim time.

We believe in keeping you happy.
We don’t pay high upfront commissions to advisers, and limit our marketing costs so we can provide better personal service, secure cover and lower premiums. It’s not rhetoric. We really do put you first.

We believe in a good night’s sleep.
What we do isn’t rocket science and our products have no hidden clauses or tricks. We provide great value, comprehensive Life and Income Protection insurance so you can sleep more comfortably at night.

Lower premiums

We keep our costs low to save you money. Our clients save an average of 20%* compared to similar Life insurance products when purchased from NobleOak.

  1. No commissions paid to advisers when you buy direct.
    We do not provide personal advice with our Life insurance products if you buy directly from us, so we don’t charge for it.
  2. Savings passed onto you
    NobleOak does not invest in large sponsorships or expensive advertising, instead we pass these savings to our clients through lower premiums.
  3. Tailored cover
    Only pay for the Life insurance cover you need. You can select from Life, TPD (optional cover with a Life insurance), and Trauma insurance (as a stand-alone policy or an optional cover with a Life policy), Income Protection or Business Expenses insurance.
Find out more

No upfront
commissions

Large cover
discounts

Low
overheads

Your
Saving
20%*

Low overheads

NobleOak does not invest in mass television marketing or large national sponsorships. We distribute our covers through selected alliance partners, advisers or directly to you. We pass savings back to our clients and members through lower premiums.

Large cover discounts

In addition to our competitive NobleOak rates, we offer further discounts on larger amounts of cover, saving you even more.

No upfront commissions

NobleOak does not pay large upfront commissions to financial advisers. If you purchase through an adviser we offer level commission only. If you buy directly through us, we do not provide personal advice with our products, and therefore we don’t charge for it.

Secure cover

Our clients enjoy the security of 137 years’ experience.

  1. Quality comprehensive Life insurance products – like those offered by advisers. Our products are sold directly to the public or through selected advisers and partners, so you know that NobleOak’s insurance is comparable with the bigger brands.
  2. Australian Life insurance products with global backing –
    NobleOak is regulated by APRA and holds an Australian Financial Services Licence issued by ASIC. NobleOak Life products are protected by  global reinsurer, Hannover Life Re.
  3. Independently reviewed against similar Life insurance policies.
    The matrix below is an extract from the Plan for Life Direct Insurance Report 2015 ©. It clearly illustrates that NobleOak’s (Premium Life Direct) Life insurance is a leader with respect to features and price when compared to other products.
    Click here for the Life insurance comparison matrix
Find out more

Comprehensive
cover

Fully underwritten

Global backing

Comprehensive cover

NobleOak’s products are comprehensive and straight forward. Our Life insurance has only the one standard 13 month suicide “exclusion”. Apart from that, you're covered for your death, irrespective of how you pass away. In some cases, other exclusions may be applied to applicants due to their poor health, or risky occupation or pastimes, however these will be discussed with you and confirmed in writing before taking out the insurance.

Fully underwritten

All applications for NobleOak Life and Income Protection insurance are fully underwritten. “Fully underwritten” means we ask you about your health and lifestyle when you apply for insurance, and we tailor your cover and premium to the answers provided. As long as you provide honest and complete answers when you apply, your insurance will not be subject to additional verification of your answers at claim time. This provides genuine peace of mind while you stay insured with us, and greater certainty for you and your loved ones when a claim is made.

Global backing

NobleOak is one of Australia’s oldest Life insurers, established in 1877. NobleOak’s insurances are backed by the third largest global re-insurer, Hannover Life Re for that extra security.

Personal service

Our Australian-based service team gives you friendly, personal service. If you need to claim, we pride ourselves on making the process fast and easy for you.

  1. Local personal service.
    NobleOak is an Australian company with an Australian-based service team. We answer the phone quickly and diligently, to ensure your waiting time is minimised and your request is dealt with quickly.
  2. Award winning service.
    NobleOak’s high standards of service delivery have been recognised highly acclaimed industry awards (Plan for Life and CANSTAR).
  3. Simple and quick claims process.
    Our reputation is dependent on excellent claims servicing, and we pride ourselves on paying genuine claims quickly. You will be assigned your own claims consultant to accelerate the claim process.

Images have been changed for privacy reasons.

Find out more

“I had been blindly paying for my life insurance year after year without a second thought when I found NobleOak. The team were really helpful and patient as I double checked (the offer seemed too good). I moved across and saved over $800 a year! Well done NobleOak, great work.”

Ron W. (July 2016)

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“Thank you so much to the team at NobleOak. NobleOak helped me every step of the way and even managed to save me over $50 per month. I was very happy with the service and attention to detail your team provided.”

Lisa M. (August 2016)

Naomi-bw.2

“The gentleman I spoke to was very patient with me and wasn’t trying to hurry me along. I was given every opportunity to ensure that I was confident in the answers I had given and hadn’t forgotten anything.”

Christine S. (August 2016)

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“The whole process was made very easy. The people we spoke to were easy to understand and precise in explaining everything and answering any questions we had.”

Mark M. (August 2016)

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“Professional, helpful staff. Easy process and quick decision. Significant savings compared to previous insurer.”

Stuart M. (July 2016)

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“All my dealings with NobleOak have been efficient and effective over the phone. On top of all that, I’ve saved considerable dollars per year. Very happy.”

Andrew J. (August 2016)

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What our clients think about us

NobleOak surveys our clients using an independent research firm Pureprofile. Here are the latest results from April 2016:

98.5%

Service

98.5% of our clients felt that the service provided during the quotation and application process was ‘good’ or ‘excellent’ with 63% voting “excellent”.

98.5%

Satisfaction

98.5% of our clients felt that the service provided to date was ‘good’ or ‘excellent’.

95%

Recommended

95% of our clients would recommend
NobleOak to others.

“I had been blindly paying for my life insurance year after year without a second thought when I found NobleOak. The team were really helpful and patient as I double checked (the offer seemed too good). I moved across and saved over $800 a year! Well done NobleOak, great work.”

Ron W.
(July 2016)

Dollarphotoclub_30941855

“Thank you so much to the team at NobleOak. NobleOak helped me every step of the way and even managed to save me over $50 per month. I was very happy with the service and attention to detail your team provided.”

Lisa M.
(August 2016)

Dollarphotoclub_82404264

“Professional, helpful staff. Easy process and quick decision. Significant savings compared to previous insurer.”

Stuart M.
(July 2016)

Dollarphotoclub_8841921

“The whole process was made very easy. The people we spoke to were easy to understand and precise in explaining everything and answering any questions we had.”

Mark M.
(August 2016)

Dollarphotoclub_68804636

“The gentleman I spoke to was very patient with me and wasn’t trying to hurry me along. I was given every opportunity to ensure that I was confident in the answers I had given and hadn’t forgotten anything.”

Christine S.
(August 2016)

Dollarphotoclub_47825576

“All my dealings with NobleOak have been efficient and effective over the phone. On top of all that, I’ve saved considerable dollars per year. Very happy.”

Andrew J.
(August 2016)

Dollarphotoclub_65946987

Not sure what to do?

What Is your lifestage?

Singles

single

Secure your financial independence

When you’re young and single, chances are you’re not overly concerned about anything other than living in the moment. You may be considering moving out of home, have just purchased your first property, or you may be travelling while you have the opportunity to do so. Like many young singles, you might struggle to survive without your regular income for a few weeks if you were unable to work. One of the key insurance policies that can help provide a financial safety net for singles is Income Protection insurance. This type of insurance is designed to cover your wages so you can maintain your lifestyle and pay your bills until you’re back on the job.

Couples

couple4

Plan your future with peace of mind protection

Like many young couples, you may be focused on putting yourself in the best possible financial position and enjoying life before making a decision on starting a family. Your life priorities are likely to be completely different from those faced by a family – but no less important. Income Protection insurance and Trauma insurance can help provide a financial safety net if you are unable to work for a time due to an injury or illness, and would struggle to meet your financial commitments and pay regular bills. It is also important that you consider obtaining Life insurance, even if you don’t think it is necessary while you are young and healthy.

Young families

young-family

Cover for the ones you love most

Parenting young children is one of the most rewarding – and exhausting! – things that you can do in life. Nothing quite beats that surge of love you feel and how much you are needed, unconditionally. So it is essential that you build the right foundation to financially protect your growing family.

If you have been working hard to prepare for your young family’s future then it is essential that you consider obtaining Life insurance. Another important consideration is obtaining Income Protection if you suddenly can’t work anymore. An unplanned period of time with a reduced income or no income due to illness or injury can jeopardise your ability to keep your home, leave your children in the same schools, or otherwise maintain your financial obligations.

Mature families

Mature_family

Peace of mind protection for when you need it most

You’ve had a wonderful time watching your children grow from tiny infants into adults and hopefully now you will move into a wonderful new stage of friendship and companionship with them. One downside of this stage may come if your children remain financially dependent on you well into their 20s or even into their 30s.

If you are solely responsible for paying the mortgage and you are no longer around, your entire family could suffer due to the absence of your income. You may want to consider Life insurance, and additional policies such as Trauma insurance, which covers unexpected medical conditions or illnesses, to help avoid financial disaster.

Empty nesters

empty

Reclaim your financial independence

The moment you have probably dreaded and looked forward to in equal measure has finally arrived: your children have moved out of home and the house is quiet!

Everybody’s version of the empty nest looks different depending on their individual lifestyle and circumstances – but one constant is that, in one way or another, your insurance needs will be different to those you had 20 or even ten years ago. If you don’t already have Life insurance – now is the time to get it. You might also want to consider Total & Permanent Disability insurance.

Seniors

seniors

Quality of life starts now

You’ve had to make many life decisions over the years – including what to study, whether to buy a house, whether to have children, and how to progress your career.

If you’re a senior, retirement planning is likely going to be a key concern. An important part of the decision to plan for your post-employment future includes arranging for Life insurance to protect your family in the event that you or your spouse suddenly pass away. It’s important you obtain an insurance policy which will provide sufficiently for your family members in the event of your death, including paying for unpaid bills and funeral costs.

How much cover do I need?

Calculate the level and type of life insurance cover that is suitable to you.

Plus, receive a Free Personalised
Life Insurance Plan that includes:

  • your insurance needs
  • your cover options
  •  descriptions of all covers
ricewarner-hp

Independently verified by Rice Warner Actuaries (a leading independent provider
of research and actuarial advice to the Australian Financial Services Industry).

Did you know?

  • 2.2 million Australians either have a disability^ or is likely to be close to someone who has a disability.¹
  • Only 4% of Australian families with dependent children have adequate levels of insurance cover.²
  • Each year around 55,000 Australians of all ages suffer a heart attack.³
  • Only 31% of Australians insure their ability to earn an income with Income Protection insurance.²
Disclaimer: ^Disability as defined by Australian Network on Disability 2014.
1 Australian Network on Disability 2014
2 Lifewise Industry Facts
3 Heart Foundation, Australian Facts 2014

Some of our team

anthony_brown

Anthony
Chief Executive Officer

 “I’m very proud to be involved in NobleOak, offering Australians unmatched value and great quality Life insurance cover. We carefully select people to work at NobleOak that genuinely care about looking after clients.”

1

Steve
Chief Operating Officer

“NobleOak’s offer is attractive to a large number of Australians, particularly those that require high levels of cover without excessive built-in costs. We provide the same type of Life insurance and Income Protection cover available through brokers and advisers, directly to clients, at a lower cost.”

3

Phil
Chief Underwriter and Claims Manager

“After over 30 years’ experience in the life industry, it is refreshing working for NobleOak – they offer fully-underwritten cover. This means we ask the right questions before your policy starts, so you know what you are covered for. It also means that there will be greater certainty in the event of a claim.”

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Daniela
New Business and Client Servicing Manager

“At NobleOak, we put our clients first. We only recruit people that have a genuine desire to look after clients and provide them with true value.”

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Alex
Client and Claims Specialist

Serving our clients well and ensuring they access the information and help they need is what we do. We don’t rely on automated voice recordings or external call centres, preferring to answer the phones directly. We also minimise paperwork for our clients.”

kate_round

Kate
Sales and Client Support Team Lead

“I believe the quality of the NobleOak service team is second to none. The team is trained to provide the highest level of personal assistance. They complete your application for you over the phone, keep you up to date throughout the underwriting process, and even send a nurse to your home for blood tests if required.”

bernie_round

Bernie
Senior Sales & Client Support Representative

Life insurance in Australia has been traditionally sold by agents and planners in Australia. Our clients seem to relish in the opportunity to purchase the same quality cover directly through us – without the built-in advice commissions.”

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James
Client and Claims Specialist

“We manage our claims very carefully during an often stressful and sad time. Having a dedicated claims consultant for each claim ensures our clients don’t get the run around and are confident they are getting the right result.”

anne_round

Anne
Client and Claims Specialist

NobleOak has a policy of putting our clients first, which is embedded throughout the organisation. It’s what we do. We are in the business to provide protection to Australians when they need it most.

Secure your future now

Disclaimer​

∗The savings quoted are the average of the savings when comparing NobleOak’s premiums for its Term Life cover under NobleOak’s Premium Life Direct product to the average cost of Term Life insurance products offered by other Life 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. Your age, occupation, gender, sum insured, smoker status, and health will determine the premium amount charged by NobleOak.  Life insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.  The premium comparison was undertaken in November 2015 based on published premium rates.  You may obtain a quote from NobleOak by contacting us on 1300 041 494. Please see the tab – What it costs for further information.

Legal notice

The insurance product and premium information contained on this website is of a general nature only and does not take into consideration your objectives, financial situation or needs. Readers should consider this information having regard to your objectives, financial situation and needs. People who seek to replace an existing Life insurance policy should consider their circumstances including continuing the existing cover until the replacement policy is issued and cover confirmed.Readers may contact NobleOak for further general information, a premium quotation and to apply for cover. NobleOak cannot provide readers with advice, however our staff may provide general information about the NobleOak Life insurance products. Readers should also consider the Product Disclosure Statement (PDS) for the product they are considering. The PDS sets out the terms and conditions for the insurance cover so you can consider whether this product is right for you. This is available by calling NobleOak on 1300 041 494 or from www.nobleoak.com.au.

NobleOak Life Limited ABN 85 087 648 708 AFS Licence AFSL 247302 Level 2, 89 York Street, Sydney, NSW-2000.