NobleOak remain committed to our clients during this uncertain time and we’re proud take part in the FSC COVID-19 initiative to support frontline healthcare workers

NobleOak remain committed to our clients during this uncertain time and we’re proud take part in the FSC COVID-19 initiative to support frontline healthcare workers

Life Insurance within SMSF

Life Insurance within SMSF

With NobleOak, you can apply for comprehensive Life Insurance Cover within your SMSF.
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Customers rate us 4.7
Based on 200 Service Ratings over the past year
Customers rate us 4.7

NobleOak’s Life cover can be taken out within an SMSF 

Up to $15 million cover, paid as a lump sum

Upon the SMSF member’s death, NobleOak will pay the agreed cover amount as a lump sum to the trustee of the SMSF.

Pay your premiums with your super contributions

Insurance premiums are paid from superannuation contributions, which are typically tax deductible. Check with your accountant.

How much cover can I apply for?

SMSF trustees can apply for up to $15,000,000 in cover for the members of their fund.

Maximum Cover Level

$15,000,000

Maximum Entry Age

69 years old

Guaranteed Renewable Age

99 years old

Terminal Illness Benefit

Yes

What does our SMSF Life Insurance cover provide?

Cover Types

NobleOak offers Life Cover, TPD (any occupation) and Disability Income insurance through superannuation.

Premiums

Your insurance premiums are paid using superannuation contributions, which are often tax-deductible. Check with your accountant.

Tax on benefits

Following a claim, Life cover benefits paid by the SMSF to a financially dependant beneficiary are generally tax-free. Benefits paid to non-financially dependant beneficiaries typically attract tax.

Retirement savings

Insurance premiums paid reduce your retirement savings, so you may want to make additional super contributions.

Cover Types

NobleOak offers a full range of covers, including Life Cover, TPD, Trauma Insurance and Income Protection Insurance.

Premiums

You pay your insurance premiums from your after-tax income.

Tax on benefits

Benefits paid are generally tax-free when paid to your nominated beneficiaries.

Retirement savings

Your retirement savings are not effected by your insurance premiums.

Policies, terms and conditions vary between Insurance Providers, so it’s always advised to read the Product Disclosure Statement (PDS) and compare covers before you apply for Life Insurance. Because superannuation is a complex area which changes from time to time, and each person’s tax situation is specific, we suggest you obtain tax or accounting advice when considering your taxation affairs in the superannuation context.

Download the Product Disclosure Statement (PDS)

4 Reasons to choose NobleOak

While we are very proud of the cover we provide, a simple belief in 'doing the right thing' sets us apart.

Low premiums

At NobleOak, you buy directly from us,
so you don't pay for
unnecessary overheads.

Fully underwritten insurance

We only offer fully underwritten cover.
This minimises the risk of unforeseen delays
or surprises in the event of a claim.

Simple & straightforward

We aim to avoid overly complex terms.
We simply provide a range of great value,
comprehensive cover options.

Award winning cover

We are the only Life Insurer to win the Canstar Outstanding Value Award for Direct Life Insurance for seven consecutive years from 2016 to 2022.

Australia's most awarded Direct Life Insurer 2021

Our outstanding value products and personal service has resulted in us being the most awarded Direct Life Insurer in 2021.
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Tools and guides

Find out how much Life Insurance and Income Protection cover you may need.

Life Insurance Calculator

Calculate how much cover you may need to protect you and your family.

Life Insurance Guides

Explore information about the value of Life Insurance for key life stages from starting out as a young adult, to downsizing and retiring.

Help protect your family with
NobleOak, Australia's most awarded
Direct Life Insurer 2021

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