Life Insurance
Protect your family with NobleOak’s Life Insurance cover and pay on average 20%* less.

With NobleOak, you can apply for comprehensive Life Insurance cover of up to $15,000,000. In the event you pass away, NobleOak will pay the agreed amount as a lump sum to your nominated beneficiary or estate. Higher levels of cover may be considered on request.
Pay on Average 20%* Less for Quality Life Insurance
Our Premium Life Direct tailored Life Insurance cover of up to $15,000,000 is available directly to you. With no adviser fees or upfront commissions, we pass savings back to you in the form of premiums that are 20%* lower on average.

Award-Winning Life Insurance
We are very proud to provide outstanding value Life Insurance protection to Australians, backed by a major global reinsurer for that extra security. In fact, we’re the only Australian Life Insurer who has won Canstar’s Outstanding Value Award for Direct Life Insurance for three consecutive years in 2016, 2017 and 2018.

No Surprises Cover
We offer fully underwritten Life Insurance cover. This means we take time to get to know you up front by asking health and lifestyles questions. This results in cover that is tailored to you, providing you and your loved ones with greater certainty in the event of a claim.
What is Life Insurance?
View the first episode of our new video series that explains Life Insurance and the different types of Life Insurance available. For more information, you can access our blog.
Life Insurance Features
Cover While You Wait
We provide Interim Accidental Death cover (up to $1 million) at no added cost to you. Your Interim Accident Death cover will commence upon the completion of your application.
Dedicated Claims Support
If you or your family need to make a claim you’ll be assigned a dedicated claims consultant based here in Australia. This consultant will support you throughout the claim process.
Cover with Global Backing
NobleOak’s products are backed by Hannover Life Re who is a leading global reinsurer. We are also an APRA regulated Life Insurer with a history dating back over 140 years.
Terminal Illness Benefit
If you become terminally ill, NobleOak will advance a payment from your Life Insurance cover up to a maximum of $3 million. Any residual cover will remain in place until you die, when the balance will then be paid. To be eligible for this payment:
- You will need to be diagnosed as being terminally ill by two Medical Practitioners, one of which is a specialist practising in an area related to the illness or injury suffered by you; and
- Their respective diagnoses certify that you are suffering from an illness, or have incurred an injury, that is likely to result in death within 12 months of the certification. If the cover is owned by a SMSF (as a Trustee Member), then a 24 month (not 12 month) certification period will apply.
Financial Advice Benefit
We understand that you or your estate may possibly need professional financial advice to ensure that the proceeds of a death or terminal illness claim payment are managed appropriately. That is why we will reimburse the cost of engaging a qualified financial adviser to provide assistance and advice, up to $2,000, to prepare a financial plan when we pay a benefit in excess of $200,000 for death or terminal illness.
Grief Counselling Benefit
We understand that your death, or diagnosis with a terminal illness, would be a very emotional time for you and your family. That is why we will reimburse the cost of any grief counselling services required for either yourself or your partner, up to $1,000, after we pay a death or terminal illness benefit.
Premium Freeze Benefit
You can fix the cost of your cover at any time by writing to us with a request to freeze the premium amount. This means that:
- Your future premiums will be fixed at the amount you were paying on the date of notification.
- Each year your cover sum insured will be reduced to the amount of cover that could be purchased with the frozen premium.
You can write to us at any time to end the Premium Freeze Benefit and the premium freeze will be removed on the next anniversary of your cover. Your cover will then revert to the normal premium and cover increases each year thereafter.
Future Increases Benefit
You can increase your cover amount by up to $100,000 without the need to provide further medical evidence if one of the following allowable events occurs:
- You marry
- You register a new business partnership
- You commence or increase a mortgage on your primary place of residence
- You or your partner gives birth to or adopts a child
Indexation
To guard against inflation, your cover amount will automatically be increased at each anniversary using the Consumer Price Index. Your premiums will be increased accordingly due to these CPI increases.
ASIC & APRA Regulated Cover
NobleOak Life Ltd (NobleOak) is regulated by ASIC and APRA in accordance with section 16C of the Life Insurance Act.
Here's What Our Clients Are Saying
How to Apply

Get a Quote
One of our friendly insurance specialists will help you complete your Life Insurance quote over the phone or online.
Apply
If you’re happy with the quote, you can apply immediately either over the phone or book a time for a call back.
Get covered
We”ll assess your application. If you require medical tests we’ll pay for them and keep you updated on your progress.
Life Insurance Simplified
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Frequently Asked Questions
What is Life Insurance?
Life Insurance pays a lump sum in the event you pass away or are diagnosed with a terminal illness with less than 12 months to live. The funds received from a Life Insurance payment can be used to eliminate debt, pay any medical and funeral expenses and provide for the ongoing needs of your dependants.
Life Insurance is also an umbrella term used to describe the full group of insurance products designed to protect you and your family’s quality of life in the unfortunate event of death, or a severe injury or illness arising. It provides clients with financial peace of mind by easing the financial burden should one of these situations ever occur. There are four primary types of Life Insurance:
- Life Cover (also known as Term Life Insurance) provides financial protection if you were to pass away unexpectedly, by providing your nominated beneficiaries with a lump sum payment.
- Total and Permanent Disability (TPD) Insurance provides a lump sum payment should you become permanently disabled and unable to work as a result of severe illness or injury.
- Trauma Insurance (also known as Critical Illness Insurance) provides cover if you are diagnosed with one of the specified illnesses (g.Heart Attack or Cancer), or if you suffer a severe injury which leads to Quadriplegia etc. If one of these medical events was to occur, Trauma Cover provides a financial safety net for you and your family, allowing you to focus on your recuperation.
- Income Protection Insurance as the name implies, is specifically designed to cover your income if you are unable to return to work due to illness or injury. Income Protection provides monthly benefit payments, after expiration of the specified waiting period, throughout a period of disability and covers up to 75% of your pre-disability income.
The policies, terms and conditions will vary between the respective Life Insurance providers, and we would always recommend that you read the Product Disclosure Statement (PDS) and fully compare the various covers before you apply for Life Insurance.
For more information about each Life Insurance product check out our Frequently Asked Questions or speak to one of NobleOak’s Life Insurance Specialists on 1300 041 494.
What are the key features of Life Insurance?
When deciding which Life Insurance cover is right for you the following features should be considered:
- Level of Cover. When selecting how much coverage you will need, it’s important to consider the lifestyle you wish your family to maintain were you to unexpectedly pass away. This may include your current living expenses, any outstanding debt (e.g. mortgage), your number of dependants and any future expenses (e.g. children’s education). This will help you calculate the level of cover you will need to fully protect your loved ones.
- A good ‘rule of thumb’ to use to calculate a starting point for Life Insurance (Death) cover is a multiple of 20-25 times your salary.
- This multiple varies for TPD cover (up to 15 times your salary) and Trauma cover (up to 10 times your salary).
- Premiums. Premiums are the regular instalments required to maintain your cover. Your annual premiums are determined by your age and also any CPI increases to your cover. Premiums can be paid either monthly or annually.
- Terminal Illness Benefit. Your Life Insurance (Death) cover will generally include a Terminal Illness Benefit. This benefit allows the Life Insured to access a portion of their Life Insurance benefit immediately should they be diagnosed with a terminal illness and which is likely to result in death within 12 months.
How much Life Insurance cover do I need?
Having the right amount of Life Insurance is important, and yet, many Australian families remain underinsured. Rice Warner, a leader in providing research and advice to superannuation and wealth management industries, recently released a report on underinsurance which highlights that the median level of Life Insurance cover only meets 61% of basic needs which include mortgage debts and basic loans (credit cards etc.) and the ability to sustain current living standards until at least the age of 65.
If the unforeseen were to happen, you wouldn’t want your family to suffer the additional stress of not being able to pay the mortgage or essential ongoing household bills, on top of dealing with the extreme emotional distress. When determining how much Life Insurance you will need it’s important to consider the following:
- Your current debt – i.e. mortgages, personal loans and credit cards.
- The number of dependents you have.
- Your current income (refer to the salary multiples detailed above).
- Future education expenses for your children – i.e. school and university fees.
- Ongoing household expenses, including utility bills, groceries and insurances.
- Your lifestyle costs – sport and music lessons, birthdays and holidays.
- Your childcare and home assistance costs – if you or your spouse is a stay-at-home parent, you may need to cover the costs of employing a carer for the children and someone who can also undertake home duties.
We appreciate it could be difficult to calculate how much Life Insurance you need and what you need to consider however the salary multiples detailed above will be a good starting point for you. You can tailor the levels of cover to your individual circumstances and then adjust according to your budget. Above all it’s most important to ensure your loved ones are protected.
With NobleOak, you have the flexibility to take out Life Insurance cover up to $15,000,000, and this means that no matter your circumstances, we’ve got you covered. If you are still unsure how much cover you need to protect your loved ones our Life Insurance Calculator can help guide you.
How do I apply for Life Insurance?
Are you ready to take a positive step towards insuring your family’s financial future? Do you want to ensure they will be financially protected if you were to unexpectedly pass away? Applying for NobleOak Life Insurance is easy.
Your first step is to call our Life Insurance Specialists on 1300 041 494 or get a quote online. Although we can’t provide you with any personal advice, we can explain the product features of our products and answer any questions you have relating to our cover, so you can access and obtain the cover you need.
If you know what type of Life Insurance and level of cover you need, we can proceed with your application straight away.
From Quote to Application
So we can provide you with a quote, you will need to tell us a little bit about yourself. Your insurance premiums are based on factors such as your age, gender, occupation, level of cover, health and lifestyle.
As part of the application process, our Life Insurance Specialists will work with you through a number of medical, lifestyle and pastime questions.This usually takes about 15 to 20 minutes. Your response to these questions will allow our Underwriting team to assess your health and all the other issues related to your personal circumstances.
We then tailor our assessment terms to your individual circumstances and we will discuss any required Special Acceptance Terms with you. With this step completed you can be confident in knowing exactly what you are insured for and there won’t be any surprises in the event of a claim.
The Underwriting Assessment Process
In some cases we may need further medical information and also financial details. To ensure this process moves as smoothly as possible, it will help if you have copies of any recent medical reports or blood tests available, as well as the details of any prescription medications you take. This can help to speed up the underwriting process.
In some cases we may need you to undertake a blood test or medical examination. In these situations we will pay for these requirements and a convenient time and place will be arranged with you for these to be done.
Interim Cover While You Wait
When we have completed your full application, we will provide you with Interim Accidental cover while we complete our assessment. This Accident cover includes Death (if applying for Death cover), Disability (if applying for TPD or Income Protection cover), or Trauma (if applying for Trauma cover). It is applicable for up to 90 days after receipt of the completed NobleOak Life Cover application. We will pay up to $1 million to your family in the event of your accidental death, up to $500,000 for TPD or Trauma, or up to $200,000 for Income Protection (depending on the amount of cover you applied for).
When we have approved your application, we will activate your cover and provide you with a Welcome Pack that outlines the details of your cover.When you receive your Welcome Pack, take some time to read through our Life Insurance PDS so you fully understand the features of your new Life insurance cover.
Can I add TPD, Trauma or Income Protection to my cover?
NobleOak’s comprehensive Life Insurance cover allows you to choose the types of cover and also the amounts of cover you want – and you only pay for what you are covered for:
- If you add Total & Permanent Disability Cover to your Life Insurance, then any approved claim for TPD will reduce your Life Insurance cover by the amount of your TPD payment.
- If you add Trauma Cover to your Life Insurance, then any approved claim for Trauma will reduce your Life Insurance cover by the amount of the Trauma payment. However, if you take out stand-alone Trauma Insurance, then any subsequent Trauma claim will not affect your Life Insurance cover.
- Any claim on your Income Protection Cover has no effect on your Life Insurance cover, TPD cover or Trauma cover.
Am I covered if I go overseas?
Once issued, NobleOak Life Insurance cover provides for worldwide travel and residence 24-hours a day. Intended travel details within the next 12 months of completion of the Application will be factored into the original underwriting assessment and special terms and conditions will be applied based on these details. So in the future, if you are heading away on the holiday of a lifetime or if your circumstances change and you move overseas, providing you continue to pay your premiums as they fall due and your cover remains in force you can travel with peace of mind.
However, we would always suggest that before you travel overseas, check with your Life insurer to confirm if any conditions or restrictions apply to your cover.
Countries Excluded From Cover
Some countries may be excluded if you intend travelling there, due to ongoing political unrest, war or potential natural disasters. As these are subject to change we always recommend that you always check with your insurer before travelling overseas to make sure you are covered.
If you choose to remain in a country or part of a country where the Australian government has issued a ‘reconsider your need to travel’ or ‘do not travel’ warning, its ‘possible you may not be covered. Again, it is recommended that you check with you Life insurer before you travel.
Other Exclusions Unique to You
In some cases, a travel exclusion may apply based on your individual circumstances. These exclusions will be advised during the assessment process at the time of your initial application and these terms will be discussed with you at that time.
Remember, Always Check the Current Travel Advice
The Australian Government recommends all travellers check their Smartraveller website for up to date travel advice, which it maintains for more than 170 destinations.
This website also highlights potential threats to security, safety and health that you could face at your destination, and also provides counsel on local laws that may differ from those here in Australia. To ensure you are protected, we recommend that you always check with your Life insurer before travelling overseas, even to low risk destinations, to make sure you are covered.
Make Sure Your Insurance is Up to Date
Travel to even the safest destinations can be risky at times, so it’s always a good idea to have your affairs in order before you go. Life Insurance cover can help to provide financial security for your loved ones in the untimely event of your death.
Is Life Insurance tax deductible?
Life Insurance, TPD Insurance and Trauma Insurance premiums are generally not tax deductible. If you are purchasing Life Cover and TPD Insurance for business purposes or under superannuation, then the tax situation may differ. In these cases, and for all queries about taxation, we recommend you seek advice from your accountant or financial adviser.
Can I get Life Insurance with my partner or spouse?
NobleOak currently doesn’t allow Life Insurance products on a ‘Joint Life’ basis, i.e.where a husband and wife or partner can obtain cover under the one policy. However, you and your partner / spouse can apply for cover individually and you can nominate each other as beneficiaries under each cover.
Our application rules require that the individual named on the cover completes the application questionnaire in all instances.
In these situations you might want to book a double application over the phone with us – this means that you spend 20 minutes on the phone with one of our representatives, answering questions about yourself; and then your partner can do the same. At the end of the phone call, based on your responses both applications can then be completed and assessed. If you can’t find a time to do it together, then we can schedule a call with your spouse / partner at a convenient time. Our aim is to make the process of getting cover for both of you as quick and easy as possible.
Don’t Forget the Spouse Benefit
To help provide you and your partner with greater peace of mind, NobleOak Income Protection Insurance includes a Spousal Benefit. If in the event you have to stop working because you are Permanently Disabled this benefit entitles your spouse to be paid either the lesser of the amount they would have earned per month had they kept working or, a monthly benefit of $2,000 if they stop working to care for you.
NobleOak pays this benefit in arrears, for up to six months, and this is in addition to the regular monthly benefits paid to you under your Income Protection Insurance.This allows your spouse or partner to take time off work to look after you, and reduce the worry of their pay ceasing.
Further details and conditions of eligibility for the Spouse Benefit are available in our PDS.
*Terms & Conditions
View T&CsAverage Saving on Life Cover
The 20% savings quoted are the average 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 (8 products included in this comparison) and those available for purchase through a financial adviser or broker (7 products included in this comparison).
Based on premium rates available at 31 October 2018, Strategic Insight has calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 45% lower than other comparable Direct Offerings (using an analysis of 8 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 50).
Strategic Insight has also calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 12% lower than Advised Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60 for Advised products).
Life Insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.
Strategic Insight (Actuaries and Researchers) is the leading independent supplier of Australian Life Insurance and Managed Funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.
If you wish to see the comparison tables and how our premiums compare to Direct and Advised products, please click here.
First Month Free Offer
The first month free offer is available if you apply for cover before 28 February 2019. If you apply for cover before 28 February 2019, you will not start paying premiums until one month after the commencement date of the cover. This offer is available once only per new customer and may not be used in conjunction with any other offer.
Average Saving on Life Cover
The 20% savings quoted are the average 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 (8 products included in this comparison) and those available for purchase through a financial adviser or broker (7 products included in this comparison).
Based on premium rates available at 31 October 2018, Strategic Insight has calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 45% lower than other comparable Direct Offerings (using an analysis of 8 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 50).
Strategic Insight has also calculated that for Term Life, Noble Oak’s Premium Life Direct product is on average 12% lower than Advised Offerings (using an analysis of 7 products, Male and Female non-smoker White Collar workers with a Sum Insured of $500,000 and across 5 year age bands from age 30 to age 60 for Advised products).
Life Insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome.
Strategic Insight (Actuaries and Researchers) is the leading independent supplier of Australian Life Insurance and Managed Funds market information, relied upon for over 20 years by the leading life offices, analysts, dealer groups and government bodies.
If you wish to see the comparison tables and how our premiums compare to Direct and Advised products, please click here.
First Month Free Offer
The first month free offer is available if you apply for cover before 28 February 2019. If you apply for cover before 28 February 2019, you will not start paying premiums until one month after the commencement date of the cover. This offer is available once only per new customer and may not be used in conjunction with any other offer.