Helpful tools and resources

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Learn all the latest insurance news, as well as interesting statistics about Life insurance and case studies on our blog.

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Have a question about Life insurance cover? We can answer it.

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Find out how much Life insurance you need with our simple online calculator.

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Life Insurance can be confusing. Read through our helpful glossary, from a to z.

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Understanding Life insurance

Understanding Life insurance might seem a little daunting, but it doesn’t have to be difficult. The team at NobleOak is here to help you every step of the way when it comes to learning more about Life insurance and understanding what cover is right for you and your family. Here are a few resources that may be of use.

What is Life insurance?

Life insurance products do more than provide financial assistance to your loved ones if you die. They can also provide you with financial protection through the addition of Total and Permanent Disablement (TPD) cover and Trauma insurance in the event you become severely ill or injured. The lump sum payments you and your family could receive under these covers can provide financial assistance when it’s most needed – allowing debts to be cleared, the payment of ongoing medical and rehabilitation expenses, as well as helping your family maintain their lifestyle.

Why do you need Life insurance?

Take a moment to consider those who would be financially impacted if you were to pass away prematurely. Would your loved ones be able to cover the costs of your funeral, ongoing household expenses or medical expenses? How would your family meet the ongoing commitments of any outstanding debts? If you own your own business, would it be able to survive if you were no longer able to help run it? Having the right Life insurance cover in place is essential to protect what you’ve worked hard for, and particularly those you care most about.

When is the best time to buy Life insurance?

Generally the younger you are when you take out Life insurance, the lower the premiums will be. As your family and commitments grow over the years, it becomes more important to have the right Life insurance in place. Your policy will automatically renew each year, providing your premiums are paid on time, regardless of whether your life circumstances change, and will increase with the CPI (inflation), effectively helping to “future proof” your cover. It is important to note that you should review your Life insurance cover periodically, to make sure it is still right for you and your circumstances.

What are the top tips to keep in mind?

  • Be realistic about how much Life insurance cover you really need and take out a policy which provides you with the right amount of cover. If you’re unsure, use our Life Insurance Calculator to assist you.
  • Don’t just insure the primary income earner – it’s equally important to consider your partner’s Life insurance needs to ensure the overall financial security of your family and household.
  • Make sure you read and are familiar with the Product Disclosure Statement for your policy. It’s important that you have a good understanding of all the benefits of your policy as well as how to claim.
  • Any time is the right time to consider Life insurance. The younger you are, the more likely it is that you will be relatively healthy and you will likely end up paying less in premiums in the long term.
  • Check what Life insurance you already have through your superannuation – you may just need a policy to top up this cover to ensure all your needs are met.

How can you get the best value Life insurance?

While the monthly premium amount is important, so is having the right type and level of cover in place if a claim does eventuate. Take a moment to use our easy Life Insurance Calculator to help you determine the right Life insurance cover for you.

NobleOak has also compared a number of Life insurance policies, so you can see how premiums compare.

Life events

NobleOak can help take the stress out of life’s uncertainties and provide you and your family with financial security when it’s most needed.

Life stages

Whether you’re single, in a relationship or supporting a family, it’s never too late to provide financial security and protection for those people who rely on you the most.