How would your family cope if you were to fall seriously ill or, even worse, pass away? Most Australians insure major items such as their home, car or health, but what about the most precious asset: your own life?
What’s covered?
When you start your insurance policy, you have immediate cover for death and terminal illness, plus:
Free interim accidental death cover for up to 30 days if we need extra time to assess your application
100% of your benefit amount gets paid to you in advance if you’re diagnosed with a terminal illness
When your family makes a claim, they may get a 20% advance funeral payout, up to a maximum of $20,000, subject to approval, to help with immediate expenses
Available to Australian residents aged between 18 – 74
Continuous cover for life, as long as you pay your premiums on time
Pay your premium fortnightly, monthly or annually at no extra cost
Stress-free claims experience with a dedicated Australian-based claims specialist
Get 10% cash back of the premiums you've paid after your first 12-months with The Real Reward™
Your policy is backed by the third-largest reinsurer in the world
Free online legal Will valued at $1601
Some things you should know
The benefit amount you can be covered for and ability to add optional Serious Illness Insurance or Total & Permanent Disability Insurance are dependent on your circumstances. Optional covers may expire.
Terminal illness diagnosis of 24 months or less to live.
Cover excludes claims as a result of a self-inflicted injury in the first 13 months.
Depending on your underwriting outcome your life cover may expire, and exclusions may apply.
With Real Life Insurance, you can choose the benefit amount to suit your needs, from $100,000 up to $2 million – in increments of $50,000. Once accepted, as long as you pay your premiums on time, we’ll renew your cover despite changes to your age, health and lifestyle.
Use the toggle below for the maximum cover amount, which when you apply is dependent on your circumstances.
Maximum benefit
$2,000,000
The maximum benefit for age range18 -to 44is $2,000,000
The maximum benefit for age range45 -to 49is $1,500,000
The maximum benefit for age range50 -to 54is $1,000,000
The maximum benefit for age range55 -to 59is $750,000
The maximum benefit for age range60 -to 64is $500,000
The maximum benefit for age range65 -to 69is $300,000
The maximum benefit for age range70 -to 74is $200,000
Select age group
How much life insurance do I need?
Estimate the level of cover you need to make sure your family is looked after if you were no longer there to provide for them. Try the Real Life Insurance calculator today.
Real Term Life Cover is a simple, fixed-term life insurance that expires after 20 years, or when you turn 85, whichever comes first, with a guaranteed cash payout once your cover expires! You can choose a lump sum payment, up to $100,000 to leave behind for your loved ones if you were to pass away or are diagnosed with a terminal illness, after holding your policy for 12 months.
At Real Insurance we pride ourselves on providing trusted service and real value to our customers, which has been recognised by 16 consecutive years of industry awards.
Financial security is important for everyone, regardless of age. See why life insurance is important at every stage in life and how Real Life Insurance can help protect your financial security.
Don’t find yourself worrying about the financial security of your loved ones. Consider how to protect their future as you sure up your retirement plan.
Life Insurance is a product that covers the risk of life and provides a lump-sum cash payout to the person you wish to receive your benefit in the event you suffer a terminal illness or death. Read more
Working out how much life insurance cover you need isn't always easy, but taking the time to get it right can make a big difference down the track. Read more
Both Real Life Insurance and Real Term Life Insurance have their own features and benefits, and you should consider your personal needs before deciding which one is right for you. Read more
It’s great you have cover, but it’s worth reviewing exactly how much cover you have and if it is enough to pay for everything your family may need. Life changes and your level of cover may need to as well.
Why buy life insurance direct from an insurer?
Direct Life Insurance is often purchased by customers who know what they’re looking for, want a quick and easy process and are comfortable setting up the policy themselves.
Can life insurance policies be cashed in?
No, in Australia life insurance polices cannot be cashed in. There is no savings or investment component to life insurance.
I don’t have any debts, do I need life insurance?
Life insurance is not only designed to cover specific debts, but it provides a lump sum cash benefit to your nominated beneficiaries and they can spend the money as they wish. Life insurance can also offer optional cover you can add to your policy, to protect against things like serious illnesses and total and permanent disability. Request a call for more information and to get a quote.
Can I get life insurance without a medical?
With direct life insurance, people can apply for cover over the phone without going through a lengthy doctor’s examination or uncomfortable blood tests. With Real Life Insurance, there are no medical tests required, since we ask a series of underwriting questions over the phone that cover important information that enables an assessment of your application.
Can I get life insurance if I have cancer?
It depends on the type of cancer you have had, the severity of your diagnosis and your treatment and medical history since diagnosis. The insurer will ask you a number of questions and, based on what you disclose, will determine whether they can insure you. It is very important that you disclose everything you know about your condition, as a failure to disclose accurately could affect the ability of your beneficiaries to claim. Please review the PDS for more information as exclusions apply.
Can I decide who will receive the benefit?
All life insurance payments go to the Policy owner. When the policy owner is also the life insured, we pay the benefit to their legal personal representative or other person who we are permitted to pay under the Life Insurance Act 1995.
You can nominate who you would like to receive the benefit when you pass away by simply downloading our Nomination of Beneficiaries Form. Please send your completed form to:
Real Insurance PO Box 6728 Baulkham Hills NSW 2153
Am I covered while I’m overseas?
If you’re an Australian citizen or permanent resident living in Australia at the time you apply, you will be covered anywhere in the world by your Real Life Insurance policy, subject to underwriting.
How do I know if I am eligible for Real Life Insurance?
All Australian residents aged between 18 and 74 are eligible to apply for Real Life Insurance. Medical and blood tests are not needed to apply. We’ll simply ask you a series of health and lifestyle questions over the phone.
How long can I keep my cover?
As long as you pay your premiums on time, your policy is guaranteed to be renewed. Some of the optional covers will expire at certain ages. Depending on your underwriting outcome your life insurance policy may also expire as set out in the Product Disclosure Statement.
Will I get anything back if I cancel my cover?
If you cancel your cover within the first 30 days of the commencement date and you have not made a claim during this time, we will provide you with a full refund of any premiums you have paid. Real Life Insurance is not a savings or investment plan, therefore if you cancel your cover after 30 days, you will not receive a premium refund. However, if you have chosen a yearly payment option, we will refund the unused portion of your premium.
What is Real Term Life Cover?
Real Term Life Cover is a type of fixed term insurance policy that expires after 20 years or when you turn 85 (whichever comes first). This can be a great way to make sure you and your loved ones are financially protected and could continue their current lifestyle should you pass away or suffer a terminal illness (after holding your policy for 12 months).
With Real Term Life Cover, you can tailor the Benefit Amount to suit your needs. The minimum benefit is $10,000, and you can select your chosen benefit in increments of $5,000, up to the maximum of $100,000.
Is my Real Term Life Cover payout taxable?
It’s always best to seek the assistance of a tax expert for advice, however usually any personal life insurance benefits that you or your family receive aren’t counted as taxable income, and therefore will not be taxed. This means that any money you or your loved ones receive can be put towards your expenses or bills if you were to pass away or suffer a terminal illness.
Are my Real Term Life Cover premiums tax deductible?
Generally, life insurance premiums are not tax deductible. However, you should be aware that this may change, and may not apply to your individual circumstances. Therefore, we recommend you seek qualified professional advice to fully understand any tax implications.
Can I get money from my Real Term Life Cover policy?
Real Term Life Cover pays a Benefit Amount to your beneficiaries if you pass away or suffer a terminal illness during the cover period (terminal illness is subject to a 12-month waiting period). Your policy doesn’t have a cash value and cannot be redeemed for cash.
However, Real Term Life Cover comes with a guaranteed cash payout when your cover expires and the Life Insurance Benefit ends. This means:
Your protection continues for another 10 years with our Final Expenses Benefit. This benefit is equal to 20% of your Life Insurance Benefit and is at no additional cost to you
After this time (or if you pass away during this time) you or your family will receive your Final Expenses Benefit in full
Or for greater flexibility, at any time during this 10-year period, you can choose to cash out half of the Final Expenses Benefit and end your Policy
Note: If your cover ends prior to the expiry of your Life Insurance Benefit, you will not be eligible for the Final Expenses Benefit or the guaranteed cash payout.
How do I make a Real Term Life Cover claim?
With Real Insurance, you get your own Australia-based personal claims specialist, who will help if you or your family ever need to make a claim. All you need to do is follow the steps on the claims page to get started. You will usually be required to provide us with documentation, which will depend on the type of claim you are making, and your circumstances. Your claims specialist will guide you through this process.
When can I make a claim?
You can claim from the date of the insured’s death or diagnosis.
How do I make a claim?
Step 1
You or a nominated beneficiary (which could be your next of kin or the executor of your Will) can simply call us on 1300 307 297.
A dedicated claims agent will be assigned to your claim, and will contact you to take you through the claims process.
Step 3
Complete all forms provided by your claims agent or simply download the most appropriate form below. Send the completed form(s) along with all required documentation to:
Real Insurance Reply Paid 6728 Baulkham HillsNSW2153
Once completed documents are received, we’ll assess the claim and pay, subject to approval, without unnecessary delay.
How long does it take for a claim to be processed?
Once we receive all the documentation we have asked for, your claim will be submitted to Hannover (the insurer) to be assessed. We will call you as soon as there is an update or within 10 business days of receiving your forms and every 10 business days thereafter to keep you informed of how your claim is progressing.
If your claim is approved, payment will be made promptly. Sometimes assessment leads to a need to obtain additional information. This may require you to provide the necessary information or we may seek it directly from your medical practitioner. In either case, we consider any new information promptly and we may pay your family a 20% advance funeral payout, up to $20,000, subject to approval, while we assess the claim.
How are the payments made?
For nominated beneficiaries, the payment will be direct credited to their nominated bank account. If there is no nominated beneficiary, then a cheque will be drawn payable to the ‘Estate of the late’.
What is TPD insurance?
Total & Permanent Disability Insurance (TPD) provides a payout to you in the event that you become totally and permanently disabled as defined in the Product Disclosure Statement. The maximum age you can apply for cover is 59, and cover can remain in place until the policy anniversary following your 65th birthday.
Is a TPD payout taxable?
A TPD benefit pay-out is generally not taxed. However, it's always best to check with a tax professional.
Should I have my Total & Permanent Disability insurance inside or outside super?
Most super funds offer life insurance, but with generally only a minimum level of cover in the event of death or TPD. You should ensure this cover will be enough for your needs, should you need to claim.
I already have life insurance. Do I need TPD cover too?
Life insurance provides a lump-sum payout if you die or are diagnosed with a terminal illness. TPD provides a lump-sum payment if you can’t work because you are totally and permanently disabled.
1. Offer applies to policies purchased between 17 July 2024 and 16 July 2025 (Offer) and must be redeemed by 31 August 2025. Offer dates are subject to change. Policy number must be provided at Safewill checkout to be eligible. Policyholders who purchased a Safewill Will prior to purchasing their policy prior to the Offer date will not be eligible for the free online legal Will.
