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LUCKY YOU’RE WITH AAMI
Life Insurance Comparison
Options that cover your income or your life, so you or your family can get financial relief when it’s needed most.
Save up to 10% on premiums every year
Take out a new AAMI Income Protection or Life Insurance policy and save 5% for the life of your policy + existing customers save an extra 5%^.
T&Cs apply.
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This information is a summary only. For more info on what is and isn’t covered, including terms, conditions and exclusions, read the Product Disclosure Statement (PDS).
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HELPS LOOK AFTER YOUR FAMILY
Life Insurance
Cover for your life, so your loved ones are taken care of.
- Pays a lump sum up to $1.5m for death and terminal illness
- Get an advance payment up to $10,000 upon death
- Cover until your 99th birthday
- Inflation protection included
- Extra cover with our Life Events feature
- Optional Severity Based Illness Cover
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More about Life Insurance
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HELPS LOOK AFTER YOUR LIFESTYLE
Income Protection Insurance
Cover for if you become sick or injured and can’t work.
- Cover up to 75% of your income, up to $10K per month
- Choose a claim benefit period and claim waiting period that suits your needs More about claim benefit and claim waiting period
- Premiums are usually tax deductable
- Pay no premium for up to 3 months while receiving benefits with our Life Premium Waiver More about pay no premium while receiving benefits
- Inflation protection included
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More about Income Protection
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Other Benefits
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5% multi-life discount
If you take out a multi-life policy, you’ll get 5% off both lives for an Income Protection policy or the youngest life for a Life Insurance policy. Exclusions apply. More about exclusions apply
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12 months cover for the price of 11
By choosing to pay annually instead of fortnightly or monthly, you can get the 12th month free.
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Existing AAMI Customer Discount
If you’ve already got an existing AAMI policy, like home or car insurance, then you get a 5% discount.
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Award-winning insurer
WINNER - Trusted Brand for Life Insurance, Readers Digest 2020, 2021, 2022, 2024, 2025 & 2026
WINNER - Most Loved Life Insurnace - Direct, Finder Awards 2026
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Life insurance calculators
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Estimate your Life Insurance level of cover
This calculator can help you work out what level of Life Insurance cover you may need.
Try our Life Insurance Calculator
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Estimate your Income Protection level of cover
This calculator can help you work out what level of Income Protection Insurance cover you may need.
Try our Income Protection Calculator
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What is the difference between Life and Income?
Life Insurance and Income Protection both offer you and your loved ones additional financial support. Life Insurance will pay a lump sum in case of your death or diagnosis with a terminal illness, while Income Protection will provide you with regular payments for a certain period of time should you be unable to work due to illness or injury.
Frequently Asked Questions
AAMI LIFE INSURANCE
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More Life Insurance FAQs
Helpful articles
Life Insurance
What is Income Protection Insurance?
If you are a little unclear on the differences between the Income Protection Insurance through super compared to a standalone policy, this may help.
Read more
Life Insurance
How to apply for life insurance
Considering applying for life insurance? Buying life insurance with AAMI Life is easy. Find out the process and what you should consider. Click to get a quote today.
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Life Insurance
What is indexation in insurance?
Indexation ensures that the sum you're insured for is adjusted for inflation. Click to learn more about indexation and how it may affect your insurance policy.
Read more
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AAMI Life’s Commitment to the Life Insurance Code of Practice
AAMI Life Insurance policies are issued by TAL, who played a key role in creating the Life Insurance Code of Practice. AAMI Life is committed to delivering the best possible customer service standards. AAMI Life will continue to look for ways to raise the standards of customer service now and over the years to come. Read more.
At TAL, we are committed to supporting our customers who may be experiencing vulnerability or have unique needs. Contact us or see how we can help if you are experiencing financial hardship or domestic and family violence.
Disclaimers
^The ‘up to 10% discount’ offer is only available to customers who take out a quote and new AAMI Income Protection or Life Insurance policy between 26 February and 26 August 2026. All eligible customers will receive a 5% discount automatically applied to their AAMI Income Protection or Life Insurance premium for the life of the policy. Where an eligible customer is also an existing AAMI customer who holds any other AAMI branded insurance policy/ies such as home or car insurance, the 5% discount on premiums for Income Protection or Life Insurance will be automatically applied in addition to the standard 5% Existing Customer discount offered on Income Protection or Life Insurance. The two discounts combined amount to a total of 10% off Income Protection or Life Insurance premiums for the life of the policy.