Provided by
NobleOak Life Insurance.
Our Life Insurance Calculator can help you assess your personal circumstances to figure out how much life insurance cover you might need. This helps us recommend life insurance policies for every type of Aussie.
We need to know a little more about your individual circumstances to understand how much your life insurance policy may cost.
As your life insurance provider, we'll ask for more information about:
We calculate your life insurance premiums based on your responses, so you can tailor your policy to your life insurance needs.
Terms and Conditions
The purpose of this calculator is to help you in deciding what amount of cover you may require for the types of Life Insurance cover specified below. This calculator is for general guidance only and does not take into account your personal objectives or financial situation. For this reason, you may wish to seek advice from a professional financial planner. There are many factors to take into account in determining the level of cover you may require for these types of Life Insurance. The calculator only includes some of the common liabilities and assets you may want to take into account. We reasonably believe these are some of the key factors people commonly take into account in determining the level of cover required under such insurance. Not all factors or ones that may be relevant to you are covered. For example, it does not take into account changes in your dependents' needs (e.g. future increases in debts and expenses). It does not take into account inflation as this is usually a benefit available in particular products. It also does not take into account specific product limits which can be relevant. A product may, for example, limit your level of cover. Accordingly, using this calculator does not mean that you will have covered all relevant factors that you may need to take into account. This calculator is not intended to be relied on for the purposes of making a decision in relation to any specific Life Insurance product and is not intended as a substitute for professional financial advice. Before making any decision on any such product; you should read the relevant Product Disclosure Statement.
Life Cover can help to clear debts and support your family and loved ones, if you were to pass away or be diagnosed with a terminal illness with less than 24 months to live.
However, there are several other Life Insurance covers available as well as Life Cover:
Receive a lump sum payment if you become permanently disabled as the result of a sickness or injury and are unable to work again.
You can spend your payments however you wish - whether that’s modifying your home, buying a modest dwelling to suit your needs, or covering future living expenses.
TPD Cover is available as an optional extra on a Life Cover policy.
Receive regular payments during your benefit period to replace a share of your income if you’re unable to work due to sickness or injury.
Income Protection Cover can help assist in paying your everyday expenses, such as groceries and mortgage repayments, so you can concentrate on recovering.
Receive a lump sum payment if you are diagnosed with 1 of 37 serious medical conditions listed within the PDS.
Any payment/s you receive are yours to spend however you wish. That might mean paying off a mortgage, or simply living life on your terms while you recover.
You can add Trauma Cover as an optional extra to your Life Cover policy, or buy it as a stand-alone policy by calling 1300 220 627.
The information on this page is a summary only. For all the terms, conditions, limits and exclusions, please read the Product Disclosure Statement (PDS).
Product Disclosure Statement
The cost of life insurance will depend on the cover(s) you require and sum insured amount you select, your age, gender and whether you smoke or not. Your final premium may also be adjusted following the outcome of your application, which will include a health and lifestyle questionnaire.
When applying for life insurance, you may want to consider your current and future living expenses, how much it may cost to pay off your mortgage or continue paying rent, how much you spend on your children’s education and how much you owe on other loans or debts.
To help you understand the amount of Life Insurance cover you might need, Budget Direct’s Life Insurance Calculator can help you estimate how much cover may suit you.
Your life insurance premium is based on your age, gender, occupation, smoking status, and the sum insured you select for the cover(s) you choose. The sum insured amount refers to how much you want to be covered for and is chosen by you. As Budget Direct Life Insurance is fully underwritten, your premium may then be adjusted based on any health or lifestyle factors that may pose additional risk to NobleOak.