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Life Insurance
Consider Life Insurance today to help you protect your family financially if you suffer a serious illness or injury.
To help you get the cover you need, we’ve arranged affordable and comprehensive Life Insurance through NobleOak’s My Protection Plan. When you choose NobleOak, you’re choosing a trusted award winning insurer with experience and client service that’s second to none.Perfect for
Planner
Protector
5 Great Reasons to Choose NobleOak
About NobleOak
We’re proud to partner with NobleOak to provide our members and their families with Life Insurance.
NobleOak has been around for 140 years finding better ways to protect Australians by providing comprehensive cover at a competitive price with no surprises at claim time. As a member of Illawarra Credit Union, you can save an average of 20%*, depending on your level of cover, compared to buying cover through an adviser or other direct insurers.
As an Australian company with an Australian based service team, NobleOak prides itself on service excellence, receiving a market-leading 95.5%# satisfaction rating from their clients.
NobleOak’s claims’ philosophy is built on a fundamental desire to ‘be noble’ at all times, and to do the right thing by clients and members.
NobleOak offers outstanding personal service and lower premiums thanks to no adviser fees – and their tailored and fully underwritten cover means there’s no surprises later.
Request an obligation-free quote here. Alternatively, call NobleOak to speak with a Life Insurance specialist 1300 041 494.
Opening hours:
- Monday – Thursday 8:00am-9:00pm
- Friday 8:00am-6:00pm
Cover Options
NobleOak has the cover that’s right for you.
- Life insurance
- Income Protection insurance
- Total and Permanent Disablement (TPD) insurance^
- Trauma insurance (also known as Critical Illness cover)
Get a quote here.
Life Insurance
Life Insurance provides a lump sum payment if you die or become terminally ill, helping you clear your debts and support your family.
- Up to $15 million cover available.
- Average savings of 20%* on premiums.
- $15,000 of the agreed cover will be advanced to assist with funeral expenses~.
Get a quote here.
Total and Permanent Disability (TPD) Insurance
TPD Insurance is optional cover that provides a benefit in the event you become totally and permanently unable to work** due to accident, illness or suffering with a serious medical condition. This cover provides a lump sum payment of:
- Up to $5 million in cover under an ‘Any occupation’ definition; or
- Up to $3 million in cover under an ‘Own occupation’ definition.
TPD Insurance could help you modify your home, replace lost income or clear debts.
Get a quote here.
Trauma Insurance
Trauma Insurance is available either as a stand-alone cover or as an optional extra to Life Insurance.
This cover provides a lump sum payment of up to $2 million in the event you’re diagnosed with one of the 38 listed medical conditions – including a heart attack, stroke, cancer and coronary bypass surgery.
Trauma Insurance helps you to cover debts like a mortgage, or any gap in medical expenses. It may also be used to maintain your lifestyle and aid your recovery by covering additional rehabilitation expenses.
Get a quote here.
Income Protection Insurance
Choose cover of up to 75% of your income (up to $25,000 maximum payment per month) in case you can’t work** due to sickness or injury, helping you support yourself, your family and cover essential living expenses. Premiums are usually tax deductible.
You can choose:
- A benefit period of 2 years or to age 65; or
- A waiting period of either 30 days or 90 days.
Get a quote here.
Business Expenses Insurance
Business Expenses Insurance is a financial back-up plan for the self-employed in the event you can’t work** due to serious illness or injury.
It provides a maximum cover of $25,000 per month, to help pay ongoing wages and superannuation costs of your non-income producing staff and rent for your office or shop. Premiums are usually tax deductible.
Get a quote here.
Important notes
*Please contact NobleOak to verify your actual premium and to request a quote for cover on 1300 041 494 which will take into account your age, occupation, sum insured, health and pastimes. The savings quoted are the average savings when comparing NobleOak’s My Protection Plan cover to the average cost of Term Life insurance products offered by other direct Life insurers and cover available through a financial adviser or broker. The premiums are based on a non-smoking Australian resident with a sum insured of $500,000 at 5 year age bands from age 20 to 65 for advised products and 20 to 55 for direct products. Life insurance rates for insurers, including NobleOak, may change in the future and this could change the outcome. The premium comparison was undertaken in March 2018 based on published premium rates.
**A definition of ‘Own’ or ‘Any’ occupation may be applied to the policy, depending on the type of policy you choose. Consider the definitions provided in the Product Disclosure Statement to determine which definition is applicable for you.
Legal statements
My Protection Plan is issued by NobleOak Life Limited ABN 85 087 648 708 AFSL No. 247302. Address: Level 7, 66 Clarence Street, Sydney NSW 2000. Phone: 1300 041 494. Email: sales@nobleoak.com.au. Cover is available to Australian residents and is subject to the terms and conditions of the My Protection Plan Product Disclosure Statement (PDS). This information is of a general nature only and does not take into consideration your individual objectives, financial situation or needs. Before you purchase an insurance product you should carefully consider these matters along with the PDS to decide if it is right for you. The PDS is available by calling NobleOak on 1300 041 494 or from www.nobleoak.com.au. Clients should not cancel any existing Life insurance policy until they have been informed in writing that their replacement cover is in place. NobleOak cannot provide you with personal advice but our staff may provide general information about NobleOak Life insurance. By supplying your contact details, you are consenting to be contacted by NobleOak, in accordance with NobleOak’s Privacy Policy.
#2017 client survey by Pureprofile.
~NobleOak will quickly advance $15,000 of the agreed Life insurance cover amount to assist with funeral expenses, upon provision of satisfactory evidence of age and death.
^Available with Life cover only.
