Life Insurance

Life is unpredictable and we never know what lies around the corner. If you wait until you are unwell, the cost of getting life insurance could substantially increase, and it may also be difficult to obtain. Once Guardian Life Insurance is in place, you will have continuous cover for life as long as you pay your premiums on time (some optional covers may expire), regardless of changes to your health or pastimes.

Your maximum benefit amount will depend on your age at the time you apply. With Guardian Life Insurance, if you’re an Australian resident aged 18 to 44, you can apply for up $1.5 million. Those aged 45 to 54 can select up to $800,000, those aged 55 to 59 can select up to $500,000 and those aged 60 to 64 can select up to $300,000. Homemakers are eligible for a maximum of $1 million. The minimum benefit amount is $100,000, and you can select your chosen benefit in increments of $50,000, up to the maximum.

To help ensure that your level of insurance cover keeps up with increases in the cost of living and your changing lifestyle, your Guardian Life Insurance benefit amount and all optional benefits (if applicable) is automatically increased on each policy anniversary by 5%, and premiums are adjusted accordingly (this does not apply to Guardian Term Life Insurance). You can decline the automatic increase by calling us or writing to us. The automatic increases stop at the policy anniversary after you reach age 75.

With the terminal illness benefit you can elect to claim your full benefit if you are diagnosed as being terminally ill (with 12 months or less to live). This means you can use the money to prepare any final arrangements ahead of time and make things easier for your loved ones.

Yes, there are a range of options so you can tailor your cover to suit your needs. Optional covers include Children’s Insurance, Total & Permanent Disability Insurance and Serious Illness Insurance. Terms and conditions apply.