This page is designed for member of a Self Managed Superannuation Fund (SMSF) to obtain a quote for cover that will be owed by their fund.
If you are unsure of what each cover is, please click on an 
on the form for further information and approximate costs.
We will then prepare and email a comprehensive report to you on the offerings from different companies, features, benefits and premiums. We will provide you with exact policy names.
Please submit only genuine details and email address, otherwise quotes will not be produced
Member One
Note:Insurance can only be provided to permanent residents of Australia, or those people in the application process for permanent residency.
Privacy: Please note you are required to submit personal details in order to obtain a quote. We operate under the National Privacy Principles; your information is used only for the purpose of generating quotes. We never pass your details onto third parties; our full privacy policy is here.
It's a simple process to obtain a quote for your joint life insurance requirements. Please fully complete the personal information form in order for a quote to be generated.
Then input data into the areas for which you would like quotes and the amount of cover for each person.
Term Life Cover
Term life insurance provides a lump sum payment on the death of the life insured. Approximate premiums are detailed below for non-smokers.
| Age | Cover Amount | Male | Female |
| per month | per month | ||
| 30 | $250,000 | $25 | $20 |
| 30 | $500,000 | $30 | $25 |
| 40 | $250,000 | $27 | $22 |
| 40 | $500,000 | $42 | $33 |
| 50 | $250,000 | $60 | $45 |
| 50 | $500,000 | $105 | $80 |
People take term life cover to pay out their debts and leave a lump sum to provide financial security for their partner and/or children.
TPD
Total and Permanent Disability (TPD) is usually taken as an extension to life cover. It provides a lump sum payment in the event that the life insured is totally and permanently disabled.
Where people take income protection the amount of TPD cover can be reduced. As if you have correct income protection, in the event of total disablement the income protection policy will replace lost income.
The costs below are for life and TPD cover combined.
| Age | Cover Amount | Male | Female |
| per month | per month | ||
| 30 | $250,000 | $30 | $27 |
| 30 | $500,000 | $50 | $40 |
| 40 | $250,000 | $45 | $35 |
| 40 | $500,000 | $70 | $60 |
| 50 | $250,000 | $110 | $95 |
| 50 | $500,000 | $195 | $165 |
Trauma Insurance
Trauma policies pay a lump sum in the event of an injury or sickness as defined in the policy document, (for example cancer, heart attack, stroke). This can be taken as a stand alone policy (on its' own), or attached to a life insurance policy.
There are basic trauma policies and there are extended trauma policies that cover a greater level of events (we only quote on the extended cover). Some policies offer TPD as a definition of trauma, therefore this can provide cost savings.
The costs below are for stand alone trauma policies.
| Age | Cover Amount | Male | Female |
| per month | per month | ||
| 30 | $100,000 | $25 | $25 |
| 30 | $200,000 | $35 | $35 |
| 40 | $100,000 | $35 | $38 |
| 40 | $200,000 | $65 | $65 |
| 50 | $50,000 | $50 | $45 |
| 50 | $100,000 | $100 | $80 |
Income Protection
The biggest variable with income protection is the waiting period; with the table below we have assumed a benefit of $3,500 per month to age 65. We have run quotes with two waiting periods, 30 and 90 days. Please note that these are before tax premiums, and income protection premiums are tax deductible (non-smoker rates).
| Age | Waiting Period | Male | Female |
| per month | per month | ||
| 30 | 30 Day | $55 | $70 |
| 30 | 90 Day | $40 | $50 |
| 40 | 30 Day | $85 | $120 |
| 40 | 90 Day | $60 | $85 |
| 50 | 30 Day | $175 | $260 |
| 50 | 90 Day | $120 | $170 |
Type of Policy
Agreed Value Policy
With an agreed-value policy, you prove your income up front and insure to receive a set amount. The advantage is that you know what you will receive, regardless of changes in your income. The disadvantage is that these policies cost more (approx 20%)
Self employed people with variable income should take an agreed value policy.
Indemnity Policy
With an indemnity policy, you are insured for what you say you earn, but if you make a claim you have to verify your income. If your income has reduced since you applied for cover, your claim will be paid on the reduced amount.
Waiting Period
The waiting period, with income protection, determines how long you are unable to work before the policy begins paying your income. For example, with a 30 day waiting period you would begin receiving payments after 31 days.
Income protection should be used to protect against long term illness, therefore try and select a waiting period that matches your financial situation. It is important to note that the shorter the waiting period the higher the premium.
Benefit Period
With income protection this is how long the claim will be paid if you are unable to work. For example, with a benefit period to age 65, if you were unable to ever work again due to sickness or injury the policy would continue to pay you right up to this age. Ideally a long benefit period is chosen.
Annual Income
Please enter your gross annual income before tax including income from all sources.
Lifebroker is an Authorised Representative of National Financial Solutions Pty Ltd, holder of AFSL 284182
National Financial Solutions Pty Ltd (the authorising licensee) or any related companies will not be held responsible for the merits of this advice to your circumstances.