Can I cancel my NobleOak life insurance policy?

You usually have 30 days after your insurance begins to cancel and receive a full refund on any premiums you've paid. If you cancel after this time, you generally won't be refunded for the premiums you've already paid.

Will my NobleOak life insurance premium increase as I age?

Yes. NobleOak life insurance premiums increase each year you hold cover. This is often referred to as stepped premiums. You can choose to freeze premium increases though. However, this will reduce your total lump sum payout. NobleOak doesn't offer level premiums – these start off more expensive but do not increase. It's one of the main downsides to taking out a policy with it as your premiums could become unaffordable when you get older.

Can I get NobleOak life insurance with a pre-existing condition?

Yes, you can get NobleOak direct life insurance with a pre-existing condition. All applications are fully underwritten so if there are any exclusions applied to your cover, you'll find out about them before your policy is issued.

Are my NobleOak life insurance premiums tax deductible?

No, life insurance premiums aren't generally tax deductible, according to the ATO (Australian Taxation Office) but income protection insurance premiums usually are.

Am I covered by NobleOak life insurance while my application is being completed?

Yes, all NobleOak life insurance policies come with Interim Accidental Death cover which is provided at no extra cost while your application is being assessed. This can cover you for up to $1 million.

Do I need to do a medical test?

You usually don't need to do a medical test when applying for NobleOak life insurance, unless you're older and applying for a high level of cover. You will need to answer questions about your medical history though.