It includes a higher maximum entry age of 73. Other insurers have a maximum entry age as young as 55.
TAL has a lower-than-average claims acceptance rate of 96.3%. The average is 97.7% (for life insurers bought through a financial advisor).
The discount of 15% is only applicable if your BMI is between 19 - 28.
Optional Total and Permanent Disability (TPD) cover. Max cover $3 million Optional Trauma cover
Claims acceptance rate: Data not available
Average claims processing time: 1 months
Maximum cover amount: No set limit
Terminal illness benefit: Not stated Funeral benefit: $25,000 Maximum entry age: 74
We chose this policy because it was one of the only life insurance policies to offer no limit on death cover available. Other insurers have maximum cover limits of between $1 million to $25 million.
Top pick for high entry age: NobleOak life insurance
NobleOak has one of the highest entry ages at 74 years old.
93.2% of claims paid out in the latest period (life insurance bought directly through an insurer). That's higher than the industry average of 91.1%.
Above-average claims processing time of 1.1 months. The industry average is 2.8 months.
Only offers stepped premiums (increase as you age).
Out of 190+ quotes, TAL was typically cheaper on average.
NobleOak has a $25 million life insurance cap. TAL has no cap.
Optional Total and Permanent Disability (TPD) cover. Max cover $5 million Optional Trauma cover Claims acceptance rate: 96.90% Average claims processing time: 1.1 months Maximum cover amount: $25,000,000 Terminal illness benefit: $25,000,000 Funeral benefit: $15,000 Maximum entry age: 74
We selected NobleOak because it has a high maximum entry age in comparison to other insurers. It also came in first place in our life insurance awards. It won for several reasons. You can get up to $25 million in cover which is more than the industry average. You can also get a policy up to the age of 74. Most stop offering cover at 65.
It also has a strong claims record. We sourced this information from Moneysmart's bi-annual claims data, a government site run by the Australian Securities & Investments Commission (ASIC). These latest figures shown – issued on 18 April 2023 – refer to death cover bought directly from an insurer between 1 January 2022 and 31 December 2022.
Top pick for additional benefits: RAC life insurance
Having a RAC life insurance policy will grant you access to multiple discounts across shopping, entertainment and money off fuel.
RAC has up to $25million in death cover. Other insurers have cover up to just $1 million.
You can add up to $5 million for total permanent disability cover. Not all insurers offer this.
RAC is WA based but services all of Australia.
It's competitively priced – however, TAL and NobleOak tend to be slightly cheaper.
Only offers stepped premiums (these increase as you age).
It has a $25 million benefit cap. Other insurers have no cap.
Optional Total and Permanent Disability (TPD) cover. Max cover $5 million Optional Trauma cover Claims acceptance rate: 96.90% Average claims processing time: 1.1 months Maximum cover amount: $25,000,000 Terminal illness benefit: $25,000,000 Funeral benefit: $15,000 Maximum entry age: 74
We analysed 200+ features across 10 different popular life insurance policies including NobleOak, TAL, Allianz, Insuraneline and Suncorp. RAC came out on top because it offers a higher terminal illness benefit limit and maximum cover benefit limit. You also get benefits as an RAC member. Aside from these benefits, NobleOak offers identical cover (it is the underwriter of RAC life insurance). In other words, if you want a little more for your money, you should consider RAC.
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
Finder Score - Life Insurance
Life Insurance is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 30 products and gave each one a score between 1 and 10.
But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.
Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio
Find out what cover is on offer from Zurich Life Insurance and receive a secure quote for cover. Zurich offers a Life, Income, TPD, Trauma, and Child Cover with additional options to tailor cover further.
Compare Life Insurance and Income Protection policies from Real Insurance and get cover in place with no medical or blood tests.
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