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   4.5

(2 Reviews)

NobleOak Life Insurance

If you’re looking for one of the quality Life Insurance providers in Australia today, you’ve come to the right place. NobleOak Life Insurance has built a solid reputation as one of the go-to companies for Australians and their life insurance needs. NobleOak was also Australia’s most-awarded Direct Life Insurer of 2020#.

Quick Facts about NobleOak Life Insurance

NobleOak, with a heritage of over 140 years, offers different types of Life Insurance products throughout Australia. It has established itself as an insurer with excellent customer service and competitive premiums. Due to its efficiency and competitive pricing, NobleOak is one of the most awarded Direct Life Insurance companies in Australia.

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• How much does NobleOak Life Insurance cost?

This depends from person to person. Like other life insurance providers, various factors are taken into consideration when NobleOak starts to calculate one’s premiums. Some of these factors include:

o Age
o Gender
o Smoking status and history
o Occupation
o Health and Medical History
o Your pastimes
o Amount of cover

NobleOak’s cover is fully underwritten and tailored by you. This gives you more certainty at claim time.

• Why NobleOak?

These are some of the insurance policies NobleOak offers:

o Life Insurance
NobleOak’s Term Life Insurance has a maximum cover level of up to $15,000,000 and individuals up to the age of 69 can apply for insurance. A portion of your Life cover amount up to $3 million can be advanced if you are suddenly diagnosed with a terminal illness.^

o Income Protection
This monthly benefit can cover up to 75% of your income before tax (up to a maximum of $25,000 per month), and is available to Australian residents between the ages of 18 and 59.

o Total & Permanent Disability Insurance
You will receive a lump sum if you are unable to work anymore due to permanent disability, illness or injury.

o Trauma Insurance
You can get a one-off payment under this policy if you are diagnosed with one of the 37 serious medical conditions listed in NobleOak’s PDS.

NobleOak also offers Business Expenses Insurance.

Some of the Pros and Cons of NobleOak Insurance

If you’re currently deciding if NobleOak is the right insurance provider for you, here are some things you should note:

• Advantages

o As long as you are accepted for cover and pay your premiums, your cover is guaranteed renewable each year.
o You can select from NobleOak’s wide range of cover options.
o NobleOak’s cover is fully underwritten giving you more certainty at claim time
o Claims are processed within 5 business days on average

• Disadvantages

o Paying your premiums monthly costs more than paying yearly.
o NobleOak do not offer level premiums.

Who is NobleOak Life Insurance For?

NobleOak’s Term Life Insurance policies can be applied for by Australian Residents aged 16-69, who want more peace of mind by taking out fully underwritten cover.

Should You Consider NobleOak Life Insurance?

Everyone’s circumstances and needs are different however if you want a company trusted by many Australians, NobleOak may be the provider for you. NobleOak has more than 140 years of history and believe in doing the right thing by their customers, providing quality cover without adviser fees or high built-in overheads.

You can get a quote from NobleOak or check out our life insurance reviews and compare cover today!

NobleOak Life Ltd ABN 85 087 648 708 (AFSL no. 247302) issues the cover. General advice only. Please consider the Product Disclosure Statement for NobleOak’s Premium Life Direct available at www.nobleoak.com.au

#See NobleOak awards information at www.nobleoak.com.au/about-us/award-winning-life-insurance/

^To be eligible for this payment, you must be diagnosed as terminally ill with an illness that is likely to result in your death within the next 12 months. The diagnosis must be made by two medical practitioners, one of whom is a specialist in that field. NobleOak will advance 100% of your life cover amount up to a maximum of $3 million.

NobleOak Life Insurance

Overall Rating

   4.5

(2 Reviews)
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