Woolworths Life Insurance Protect Your Future Better

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Woolworths Life Insurance - You may apply for a Woolworths Life Insurance with the benefit amount of $100,000 up to $1.5 million, depending on your income and age.

Choose your best-preferred benefit starting at $100,000 and it all increasing in increments of amount $50,000, up to the maximum benefit that shown below. Woolworths Life Insurance helps you protect your whole family's financial future. Their policies provide a lump sum payment that can help out with big commitments like the kids' education, the car, even the mortgage and also help cover everyday bills. The maximum benefit based on their age, they are Age 56 to 65: $500,000, Age 46 to 55: $750,000 and Age 18 to 45: $1.5 million.

Applicant for Woolworths Life Insurance

You can apply for a joint policy to include your partner, spouse, or de facto (Partner Life Insured) under a Woolworths Life Insurance Policy. You may ask for a single policy on your life. Also, you and your partner life insured (if applying) must be at the age of 18 up to 60, if you are applying for Woolworths Total and Permanent Disability Insurance. You must be an Australian resident on aged 18 up to 65.

Woolworths Life Insurance for Children

You can also apply for Woolworths Children’s Insurance if the child at the age of 2 up to 18, for an adopted child of yours, stepchild and a natural child, and the child is an Australian Resident of course. Your Policy Schedule will state which Insured Children and Life Insured are covered and whether optional; Woolworths Total and Permanent Disability Insurance benefits apply. They reserve the right to decline or accept applications for Woolworths Life Insurance in our absolute discretion.

When your Woolworths Life Insurance Cover Starts and Ends

Cover starts for an Insured Child or Life Insured on the Acceptance Date set out in the Policies Schedule if your application for the Woolworths Life Insurance is accepted. And your first premium is deducted from Commencement Date, which is defined in the Policies Schedule. They guarantee to continue the cover for a Life Insured under your policy until the earlier of the death of the Life Insured or when the Benefit Amount is in respect of that Life Insured is reduced as a result of the payments of claims. The premiums won’t increase due to the age for the remaining term of the Policies when a Life Insured reaches the age of 99. The premiums may change because of other factors for Woolworths life insurance cover.

Woolworths Life Insurance of Total and Permanent Disability 

They guarantee to continue the cover for Life Insured until the Policy’s Anniversary after the Life Insured reaches the age of 65. If a Life Insured has a Woolworths Total and Permanent Disability Insurance, or in such time as the Benefit Amount in respect of that Life Insured, is reduced as a result of the payment of the claims. Woolworths life insurance with Total and Permanent Disability ends on the Policy’s Anniversary after the Life Insured reaches the age of 65