With Premium Life Direct, you can achieve the same type of comprehensive cover you would normally access through a financial adviser, but without the cost of the personal advice. This saves you money each year through reduced premiums. Premium Life Direct is NobleOak’s comprehensive Life and Income Protection insurance product available directly through NobleOak. You can choose the type and amount of cover you want and only pay for what you need. Covers available include Life, TPD (Total and Permanent Disability), Trauma, Income Protection and Business Expenses insurance. Premium Life Direct is backed by a top 3 global reinsurer, Hannover Re Life, and supported by an award winning Australian based service team. Look no further, Premium Life Direct offers you secure cover, personal service and low premiums.

Product at a glance

  • Secure cover – High levels of comprehensive cover available.
  • Personal service – Highly rated personal service and dedicated claims consultant.
  • Low premiums – Average 20%* saving on premiums on Life cover

For more information please view our Premium Life Direct Product Disclosure Statement.

Why choose Premium Life Direct

Monthly & annual payment options

Worldwide cover 24/7

Guaranteed renewability

Inflation protection

30 day money back guarantee

About our Premium Life Direct

There are five types of covers available through Premium Life Direct.

Life cover

You may select a lump sum payment of up to $15m in case you pass away or become terminally ill, to help clear your debts and support your loved ones.

TPD cover (purchased with Life cover)

You may select a lump sum payment of up to $3m in case you’re never able to work again because of sickness or injury. This can help you adapt your home or pay for care, as well as clear debts and support ongoing expenses.

Trauma cover (purchased with Life cover)

You may select a lump sum payment of up to $2m in case you suffer a medical condition or trauma that impacts on your life and lifestyle. This can help pay off debts and treatment expenses or even cover the costs of a therapeutic trip.

Income Protection cover

This pays you a monthly benefit of up to $25,000 to support you and your family if you are sick or injured and can’t perform your duties at work.

Business Expenses cover

This pays you a monthly benefit of up to $25,000 to cover fixed business expenses if you are sick or injured and can’t perform your duties at your business.

Cover in detail Premium Life Direct covers are comprehensive without hidden surprises. To help you understand what each of our covers provides, and select the right cover for you, please refer to the Life Insurance Comparison table below.

Life Insurance

TPD

Trauma

Income Protection

Business Expenses

Guaranteed
Renewable

Dedicated Claims
Specialist

Easy phone
based application

Australian based
service team

Comprehensive
underwritten cover

Inflation protection

Cover for
mental illness

Worldwide cover

Payment of a lump sum on
diagnosis of Terminal Illness

n/a

n/a

n/a

n/a

Suitable for
use in an SMSF

n/a

n/a

n/a

Application age eligibility

16 to 69

16 to 64

16 to 59

16 to 59

21 to 59

Expiry age

99

75

70

65

65

Amount of cover you
can apply for

up to $15m of cover

up to $3m of cover

up to $2m of cover

up to $25,000 per
month of cover

up to $25,000 per
month of cover

Waiting period

Nil

6 months

90 day qualification
(certain conditions only)

Choice of 30
or 90 days

Choice of 30
or 90 days

Benefit Period

n/a

n/a

n/a

Choice of 2 year
or ‘to age 65’

12 months

Additional features

Terminal Illness
Cover

Includes just one
standard policy
“exclusion” only (ie.
suicide in the first 13
months of the policy
commencing).

Domestic Duties
definition applies to
clients working less
than 15 hours per
week

Includes just one
standard policy
“exclusion” only (ie.
intentional self injury
in the first 13 months
of the policy
commencing).

Includes coverage of
the top 4 most
common medical
conditions which
account for over 95%
of trauma claims paid
(Heart Attack, Stroke,
Cancer and Coronary
By Pass Surgery) .

Covers 33 additional
medical conditions.

Includes Partial
Disablement Benefit,
Waiver of Premium,
Recurring
Disablement Benefit,
Specific Sicknesses
and Injury Benefit,
Death Benefit,
Rehabilitation
Expenses Benefit,
Nursing Care Benefit
and Spouse Benefit.

Premiums are
generally tax
deductible.

Includes Partial
Disablement Benefit,
Waiver of Premium,
and Extended Benefit
Period benefits

Premiums are
generally tax
deductible.

With Premium Life Direct, you can achieve the same type of comprehensive cover you would normally access through a face-to-face financial adviser, but without the cost of the personal advice. This saves you on average 20%* each year through reduced premiums.

NobleOak vs Direct Life Insurance: Average Saving 37%*
Monthly Premium for $500,000 of Life cover

Life Insurance Direct Rates

NobleOak vs Direct Life Insurance: Average Saving 37%*
Monthly Premium for $500,000 of Life cover

Life Insurance Direct Rates

NobleOak vs Advised Life Insurance: Average Saving 15%*
Annual Premium for $500,000 of Life cover

Life Insurance Advice Rates

NobleOak vs Advised Life Insurance: Average Saving 15%*
Annual Premium for $500,000 of Life cover

Life Insurance Advice Rates

*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 insurance companies, including products available directly with 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 30 to 65. 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 on November 2014 based on published premium rates.  Readers may obtain a quote from NobleOak by contacting us on 1300 041 494.​

To see the type and level of cover you can apply for with Premium Life Direct, click here.

Type of
Insurance

What you are covered for

Minimum
age at entry

Maximum
age at entry

Cover
expiry age

Life Insurance

Choose up to $15m cover in case you die or become terminally ill, helping you clear your debris and support your family

16

69

99

Total and Permanent Disability
(TPD) Insurance (Optional)

Choose up to $3m cover in case you’re never able to work again because of sickness or injury, helping you modify your home, replace lost income and clear debris

16

64

75

Trauma Insurance
(Optional)

Choose up to $2m cover in case you suffer a serious listed medical condition, helping you pay your treatment expenses and adjust your lifestyle.

18

59

70

Income Protection
Insurance

Choose cover of up to 75% of your income (max $25,000 per month) in case you can’t work due to sickness or injury, helping you to support your family and cover essential living expenses.

18

59

65

Business Expenses
Insurance

Choose cover up to $25,000 per month in case you can’t work due to sickness or injury, helping you cover the fixed costs of running a business

21

59

65

Premium Life Direct – Compare us!

At NobleOak, we believe Premium Life Direct is such great value, that we want you to compare it to all other Life and Income Protection insurance policies available.   So we have made it easy for you. The tables above show our features and premium rates compared to comparable competitor products, so you can decide for yourself. Achieve fully underwritten, comprehensive cover you can trust, from one of an Australia’s most established insurers. Premium Life Direct offers you secure cover, personal service and low premiums.

What is Premium Life Direct and how is this different to other Life insurance?

Premium Life Direct is a Life and Income Protection insurance product that offers comprehensive cover normally available through financial advisers, directly to you from NobleOak. It’s designed for clients who want to purchase comprehensive Life insurance directly, without a financial adviser, or require a lot of cover. Premium Life Direct gives you control and saves you money. Unlike other direct Life Insurance products, it provides cover up to $15 million for life and up to $3 million for TPD (Total and Permanent Disability) insurance.  You can also add Trauma cover, Income Protection and Business Expense insurance if required.

Why are Premium Life Direct premiums lower than comparable products?

NobleOak does not invest heavily in mass marketing and no external commissions are priced into Premium Life Direct premiums. We pass savings back to you through lower premiums.

What does “fully underwritten” mean?

Premium Life Direct is a “fully underwritten” Life and Income Protection product. This means NobleOak asks you about your health and lifestyle when you apply for the cover, and tailors your cover and premium to the answers provided. As long as you provide honest and complete answers when you apply, your cover will not be subject to additional verification at claim time, providing far greater certainty your claim will be paid. At NobleOak we believe in fully underwritten cover, as it provides certainty and clarity as to what you have purchased. Surprisingly, many Life and Income Protection policies available directly (through an insurer or bank) are not fully underwritten, creating uncertainty at claims time. A little extra time upfront can be worth a lifetime of peace of mind.

How can I apply for Premium Life Direct?

It’s simple to apply for cover, and NobleOak guides you the entire way. Obtain a quote online Or Call 1300 551 044 to speak to a NobleOak consultant. (Weekdays 8.30am to 6.00pm AEST) Or Email us at sales@nobleoak.com.au One of our Australian based Life insurance consultants will provide you with a quote and take you through the application over the phone. We can arrange an appointment at a time convenient for you. It takes around 15 to 20 minutes on average to complete the application.

Can I add TPD, Trauma or Income Protection to my cover?

Of course you can – Premium Life Direct is comprehensive and you can add extra covers.  It’s simple to apply for additional covers, and NobleOak guides you the entire way. Obtain a quote online Or Call 1300 551 044 to speak to a NobleOak consultant. (Weekdays 8.30am to 6.00pm AEST) Or Email us at sales@nobleoak.com.au One of our Australian based Life insurance consultants will provide you with a quote and take you through the application over the phone. We can arrange an appointment at a time convenient for you. It takes around 15 to 20 minutes on average to complete the application.

I have an adviser, can I purchase Premium Life Direct through my adviser?

No, Premium Life Direct is only available directly, meaning without financial advice. If you would like to purchase a NobleOak product through an adviser, they may offer you My Protection Plan, which is equally comprehensive and available through select advisers. It is important to note that NobleOak does not offer high upfront commissions to financial advisers. As a result only fee-for-service or level premium advisers will offer our products. Unfortunately, this represents a minority of Australian financial advisers.

Can I include my spouse in my application?

We can offer cover for your spouse also. Your NobleOak representative can provide the quote for them to you. Your spouse is the required to speak with the NobleOak representative to complete their application. If your spouse isn’t immediately available, we can call them at a suitable time.  All we need is their name, phone number and the best time to call.

How much cover do I need?

One simple way of calculating your Life Insurance need is to review your level of debt and also calculate a future income you may need to replace to provide longer term protection for your family or beneficiaries. Determine what you want to happen in the event of your death (or serious injury).

  • Do you want your family to be mortgage-free?
  • Do you have any business debts which need to be cleared?
  • How long do you want to provide an income for your family?
  • How much income will they need each year?
  • Are there private school fees that need to be paid?

Your answers to these questions will form the basis of how much Life Insurance you need. Refer “How much do I need calculatorto help you determine your needs. Click here.

What does dedicated claims consultant mean?

NobleOak aims to review and pay all claims quickly and efficiently. We assign a dedicated NobleOak claims consultant to your claim to ensure you are not passed around to different people, and your claims is handled efficiently and quickly.

How do I know you pay claims?

NobleOak is an APRA regulated life insurer, who has paid all genuine claims in the past. That’s our business. Our products are backed by a top 3 global reinsurer for that extra security.

PDS For more information please view our Premium Life Direct Product Disclosure Statement

*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 insurance companies, including products available directly with 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 30 to 65. 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 on November 2014 based on published premium rates.  Readers may obtain a quote from NobleOak by contacting us on 1300 041 494.​