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How much will it cost?
The cost of insurance is based on a range of factors. These include your
• Age
• Gender
• Occupation
• Smoking Status
• Qualifications
• Work Experience
• Health
• Amount of cover required
• Waiting and Benefit periods (income & business Expense policies)
Some examples of cover and cost
Example 1:
Male
Carpenter
40 years old
Non smoker
Requiring $1,000,000 life cover only
Approx premium $60.11 monthly (AXA / AC&L)
Example 2:
Female
Administration
45 years old
Non smoker
Requiring $500,000 life cover and $250,000 trauma / critical illness (comprehensive cover)
Approx premium $132.76 monthly (MLC Life)
Example 3:
Male,
Car Salesperson
38 years old
Smoker
Requiring income replacement of $4000 month with a 30 day wait and a benefit paid to age 65. Policy includes increasing claims benefit and comprehensive cover.
Approx tax deductible premium $101.89 monthly (MLC Life)
Example 4:
Female
Pharmacist
35 years old
Non smoker
Requiring income replacement of $5000 month with a 30 day wait and a benefit paid for 5 years. Policy includes increasing claims benefit and comprehensive cover.
Approx tax deductible premium $77.58 monthly (AIG Life)
All premiums and cover shown above are general examples and are not personal advice. They are also subject to underwriting by the insurance company.
To request a premium quote, click here.
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