An AAMI Comprehensive Life Cover benefit is not payable in the event of intentional self-injury or suicide within 13 months of cover commencement.
Life Insurance
Lucky you're with AAMI
Help ensure your loved ones are taken care of by insuring your life.
Special offer
$100 eGift card with cover^
Protect what really matters with an AAMI Life Insurance policy and get a $100 eGift card after 4 months of cover.
What's covered
This information is a summary only. For more details on benefits and exclusions read the Product Disclosure Statement (PDS) Product Disclosure Document (PDS)
What's not covered
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) Product Disclosure Document (PDS)
Optional Cover
Major Illness and/or Cancer Cover
A lump sum of up to S250k can be paid out of your total Life benefit if you’re diagnosed within defined critical illness of specified severity such as cancer (of a specified severity), a stroke (resulting in neurological deficit), or a heart attack (of a specified severity).
Other AAMI Life Insurance benefits
Get a 5% family discount for the youngest life insured
Take out a multi-life policy for two adults and receive a 5% family discount on your life cover for the youngest life insured. The family discount doesn't apply to the Optional Illness Covers.
Get 12 months of cover for the price of 11
If you choose to pay annually, you'll get the 12th month for free.
Existing AAMI Customer Discount
5% discount for existing AAMI customers, such as home or car insurance.
Multi-Award-Winning Insurance
Recognised by Reader’s Digest as the Trusted Brand for Life Insurance in 2020, 2021, 2022 and 2024.
Life insurance isn’t always the easiest subject, but wouldn’t it feel good to know you’ve got a multi-award-winning insurer by your side? With AAMI Life, you can trust us to be there when you need us most. Explore our range of policies and enjoy peace of mind knowing your loved ones are in safe hands.
How to
Apply for Life Insurance
Set up your Life Insurance or Income Protection today with AAMI Life. Applying is quick and easy, there are no medical tests and you can get a quote online in minutes.
Explore the Life Insurance coverage
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LIFE INSURANCE CALCULATOR
Estimate your level of cover
This calculator can help you work out what level of Life Insurance cover you may need.
COVER BY LIFE STAGE
Find cover to suit your circumstances
Whether you’re married, starting a family or taking out a mortgage, Life Insurance can provide valuable peace of mind at every stage.
AAMI Answers
Learn more about Life Insurance
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Life insurance helps minimise the financial burden on your loved ones. There’s a difference between a policy through your superfund and directly through a provider.
Knowing how much Life Insurance you need doesn’t have to be hard. Follow these few tips to get started on working your Life Insurance out.
Choosing life insurance is an important decision, so it’s best to understand all your options. Term life insurance covers you for a fixed period and there are a number of different types available.
Life Insurance
Frequently asked questions
Do I need a medical or blood test to get life insurance?
When you apply for any type of insurance you have a duty to disclose any information relevant to your policy, including existing health conditions. If you are aged between 18-65 and would like to make an application for simple cover, there are usually no further medical tests required. Applications for other types of cover may require further tests in order to be approved.
Can I get life insurance if I have cancer?
Typically, life insurance does not provide cover for any pre-existing conditions. There are a number of options for insurance cover that will pay out should you develop a serious condition such as cancer in the future.
Will I need a medical test to get Life Insurance?
Because of the way premiums are calculated, it’s important we understand the health conditions and needs of every Life Insurance applicant. With AAMI Life Insurance, you are not required to go to the doctors or get any medical tests. You will be required to answer a number of Health and Lifestyle questions as part of the application, but this should be a quick and easy process without the need to consult a doctor.
You may be worried about the potential of your Life Insurance application being rejected as a result of the answers you provide, but it’s important you don’t omit or hide information. If you do, you may end up not being able to receive payment for a claim you make down the track, when you might have been fully eligible for cover if you’d been up front in the first place.
How do I cancel my policy?
We’re sorry you’re thinking of cancelling. For policy cancellations or to discuss your situation further and to consider your options, please call the AAMI Life Team on 13 22 44.
If you do cancel, you may qualify for a refund for the unexpired portion of the premium less our cancellation fee and any non-refundable government charges (if applicable).
What is the Life Insurance Code of Practice?
The Life Insurance Code of Practice is a series of mandatory customer service standards that all life insurers need to comply with. These standards cover sales and marketing practices, underwriting and claims and are designed to protect you.
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
Can life insurance policies be cashed in?
Term life insurance generally cannot be ‘cashed in’ but if you hold on to a whole life policy then it may come with a surrender value. These policies are no longer available in Australia.
1. Exceptions apply, we recommend you seek taxation advice specific to your circumstances.
^Offer available to customers who complete an application for a new AAMI Life Insurance or AAMI Income Protection Insurance policy between 3rd of December 2024 and 3rd of March 2025 (inclusive) and who are issued with a policy commencement date prior to 00:01AM (AEDT) 3rd of April 2025. Eligible Customers must hold the policy for 4 consecutive months and pay 4 months’ premiums in full. One eGift card per Policy Owner per eligible policy type. Eligibility criteria apply. View full terms and conditions.
Understanding insurance underwriting
When you apply for a policy we undertake a process called underwriting. This means that we assess whether to accept a policy and what conditions/pricing will be applied to the policy based on medical and lifestyle information provided by you. This may result in standard premium rates being applied, higher rates, some medical conditions being excluded from cover, or denying the cover due to unacceptably high risk. You can find out more about underwriting in our blog.
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.
Intentional self-inflicted acts
Death in a travel-banned country
If you die in a country where the DFAT has issued a ‘Do not travel’ warning.