Home » Life Insurance Premium Information
Life Insurance Premium Information
Term Life Cover
Term life insurance provides a lump sum payment on the death of the life insured. Approximate premiums are detailed below for non-smokers.
| Age |
Cover Amount |
Male (per month) |
Female (per month) |
| 30 |
$250,000 |
$25 |
$20 |
| 30 |
$500,000 |
$30 |
$25 |
| 40 |
$250,000 |
$27 |
$22 |
| 40 |
$500,000 |
$42 |
$33 |
| 50 |
$250,000 |
$60 |
$45 |
| 50 |
$500,000 |
$105 |
$80 |
Income Protection
The biggest variable with income protection is the waiting period; with the table below we have assumed a benefit of $3,500 per month to age 65. We have run quotes with two waiting periods, 30 and 90 days. Please note that these are before tax premiums, and income protection premiums are tax deductible (non-smoker rates).
| Age |
Waiting Periods |
Male (per month) |
Female (per month) |
| 30 |
30 Day |
$55 |
$70 |
| 30 |
90 Day |
$40 |
$50 |
| 40 |
30 Day |
$85 |
$120 |
| 40 |
90 Day |
$60 |
$85 |
| 50 |
30 Day |
$175 |
$260 |
| 50 |
90 Day |
$120 |
$170 |
TPD
Total and Permanent Disability (TPD) is usually taken as an extension to life Cover. It provides a lump sum payment in the event that the life insured is totally and permanently disabled. The premiums below are for life and TPD Cover combined (non-smoker rates).
| Age |
Cover Amount |
Male (per month) |
Female (per month) |
| 30 |
$250,000 |
$30 |
$27 |
| 30 |
$500,000 |
$50 |
$40 |
| 40 |
$250,000 |
$45 |
$35 |
| 40 |
$500,000 |
$70 |
$60 |
| 50 |
$250,000 |
$110 |
$95 |
| 50 |
$500,000 |
$195 |
$165 |
Trauma Insurance
Trauma policies pay a lump sum in the event of an injury or sickness as defined in the policy document, (for example cancer, heart attack, stroke). This can be taken as a stand alone policy (on its' own), or attached to a life insurance policy.
There are basic trauma policies and there are extended trauma policies that Cover a greater level of events (we only quote on the extended Cover). Some policies offer TPD as a definition of trauma, therefore this can provide cost savings.
The costs below are for stand alone trauma policies.
| Age |
Cover Amount |
Male (per month) |
Female (per month) |
| 30 |
$100,000 |
$25 |
$25 |
| 30 |
$200,000 |
$35 |
$35 |
| 40 |
$100,000 |
$35 |
$38 |
| 40 |
$200,000 |
$65 |
$65 |
| 50 |
$50,000 |
$50 |
$45 |
| 50 |
$100,000 |
$100 |
$80 |
|
When you take out a new policy with Insurance Kings we'll give you the first month's cover for free on acceptance PLUS a Gift Voucher to the value of $30 to spend at any Coles supermarket. |
|
