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What are the key features of Life Cover?
With Life Cover, NobleOak provides a lump-sum to one or more nominated beneficiaries (or in some cases to the estate) upon the policy holder’s death.
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Australian Residents between the ages of 16 and 69 can apply for up to $15,000,000 in cover.
Maximum Cover Level
Maximum Entry Age
69 years old
Guaranteed Renewable Age
99 years old
Terminal Illness Benefit
What does a Life Insurance policy provide?
If you die while covered for life insurance, NobleOak will pay the agreed cover amount as a lump sum to your nominated beneficiaries or estate. You can apply for cover up to $15 million, although higher amounts will be considered where it can be justified.
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.
What benefits are included?
Life Insurance is the umbrella term that refers to insuring your family’s current quality of life in the unfortunate event of injury, illness or death. It provides you with peace of mind by mitigating potential risk and easing financial burden, should one of these scenarios ever occur.