Protect yourfamily's future.

Compare Club makes life insurance simple - it only takes a minute to get an estimate that fits your needs.

Welcome to Compare Club Life

Affordable insurance with cover options to suit your budget and lifestage.

How life insurance can help you and your loved ones


Get peace of mind

You and your family shouldn't have the added worry of financial stress if you get seriously ill or worse. Life cover gives you peace of mind that your loved ones can still afford to live, no matter what the situation.


Covers debts and major expenses

What would happen if your wage disappeared? The right life cover can make sure there's enough money to pay major expenses such as mortgages, loans and school fees.


Makes up for lost income

Life insurance helps cover everyday expenses if you can't work because of illness or injury, even if it's just temporary. We help you find affordable cover that keeps your bank balance healthy while you're recovering.


Medical expenses

Recovering from illness or injury is stressful enough without worrying about medical bills. A life policy payout can help get you back on your feet by covering the cost of major medical expenses.

It's not just for now. It's for your future.

CompareClub makes life insurance simple - even if you've got a busy lifestyle. Get estimates in less than a minute, and find a policy to help protect you and your loved ones.

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All your Life Insurance questions answered

with our in depth guides

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Find affordable life cover for over 50s

Turning 50 shouldn't mean good life cover is beyond your budget. Here's how older Australians can find affordable life policies.

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Life insurance for smokers

Smokers can still get life insurance. Find out what it'll cost and how quitting can cut your premiums.

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Life insurance and pre-existing conditions

Many insurers will still cover Australians even if they have pre-existing conditions. Here's what you need to know.

New to life insurance?

Our team of specialists can help

Find cover to suit your lifestyle. Call us on

1300 904 624

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    Common questions about comparing Life Insurance.

    Here are some of the most frequently asked questions we receive about Life insurance:

    With life insurance, you are usually free to choose between stepped or level premiums.

    A simple way of thinking about it is stepped premiums go up as you get older, while level premiums are not fixed to your age.

    The price of your premiums - whether quoted outside of a policy, or within an active policy - tends to increase with age as you get older. It makes sense because the older you are, the more likely you are to make a claim.

    Stepped premiums usually start lower than level premiums but will increase as you get older. Depending on other factors, such as your policy type, your annual premium could even increase by as much as hundreds of dollars in just the first few years.

    Level premiums are a little more stable as they are not linked to your age. They will be a bit higher than stepped premiums at the start, but any rises are not linked to your age – your costs will only rise if your insurer puts the premiums up.

    Which is better? It really depends. You will want to consider how long you want to keep the policy for and how much it will cost as you get older. You do not want to be stuck with a policy you cannot afford when you are living off retirement earnings.
    There are three main types of life insurance in Australia: group, direct, and retail.

    Knowing the difference between group, direct, and retail may be helpful when choosing the right life insurance policy for you. So, what is the difference?

    Retail life insurance

    A retail life insurance policy is one that has been purchased through an adviser, personal finance expert or a company like Compare Club.

    Before you purchase, you will be asked several fact-finding questions. You will be asked some detailed information regarding your health, lifestyle, and occupation.

    This will help the insurer understand a bit more about you and set an appropriate price, based on a series of health, age, and lifestyle factors.

    To set up a retail policy like this, you could go through a financial adviser or other personal finance expert. 

    At Compare Club, our qualified specialists are always happy to help you compare and find suitable life cover quotes.

    Group life insurance

    Group insurance refers to the scenario where multiple people are insured under a single contract. A good example is a 'group' of employees, or a 'group' of members under a super fund.

    Unlike retail life insurers, a group insurer will not normally require you to relay detailed information. A group insurer will rather assume about the occupation and state of health that your group represents.

    Its why Group Life Insurance is often cheaper than retail and may be easy to obtain. However, given you do not need to provide detailed information, it can also be a lot less flexible.

    What does this mean? Well, it can be an option for people who have been denied retail life insurance – if you have got a serious health condition or work in a dangerous occupation.

    However, there may also be a lot more restrictions when it comes to claiming and you will have less ability to tailor a policy to your needs.

    Direct life insurance

    This sort of policy is one that has been directly purchased through an insurer. Direct life insurance is often sometimes referred to as 'non-advised' insurance, as it is often set up without anyone giving your personal or general advice.

    Direct policies tend to be simple and easy to organise and you can set them up online or over the phone. However, they are not medically underwritten, unlike retail. This can sometimes restrict what you can claim for.

    You might want to seek personal advice before taking out a direct policy. 3 To understand the terms and conditions of a direct life insurance policy, it is important to read the Product Disclosure Statement (PDS) in detail.

    Out of all the types of life insurance, there is no commonly agreed upon idea of which one is superior. It is best to do your research and really be clear on what you need life cover for. Here is a guide that goes more in-depth into life insurance that you might find useful.

    Within these policy types, you may access benefits additional to life cover, including but not limited to: total and permanent disability cover (TPD), trauma cover, income protection and an accidental death benefit.

    Cover types like TPD and trauma insurance can be claimed for while the policyholder is still alive. It might be worth looking into these additional types of cover in case you can incorporate your preferred benefits into your life insurance policy at a decent price.

    It is not up to anyone else to decide exactly how much life insurance you should have, but we can help you figure out the basics.

    Most people want to know that when they pass away, their family will be able to pay for:

    • Any funeral and death expenses

    • The mortgage and any other major debts
    • Childcare, education and living expenses
    • A good quality of life and extras (i.e. holidays, leisure etc.)

    The best way to figure out how much life insurance you should have, of course, is to consider what these figures look like for your family. Would your family be able to sustain the lifestyle they currently have (and love) if you were to pass away?

    Taking time to consider your finances is important. It is worth thinking about how much money your family may already be receiving from your superannuation, shares, savings, and existing insurance policies if you pass away or are too sick or injured to work.

    Knowing these figures will help you to tally a more accurate final amount to support your family's needs, while staying within your budget.

    Everyone is different. A single thirtysomething with no children may decide they need less cover than a dad with five children who is the main breadwinner for the house.

    To avoid being over-insured or under-insured, always consider your personal circumstances when deciding how much life insurance you need.
    Retail insurers require you to answer questions about health and lifestyle before agreeing to cover you. This is commonly known as a medical underwriting process.

    If you are a smoker, it is likely you will pay higher premiums for your policy than a non-smoker would for the same policy. This is because as a smoker, the insurer perceives you as a higher risk due to the ill effects smoking has on human health.

    The insurer may want to know whether you smoke or not, how long you have been smoking for, how many you smoke a day and other details regarding your lifestyle choices, including any potential drug and alcohol use.

    But comprehensive life insurance for smokers is still possible. Different insurers have different criteria regarding their customers who smoke. While one insurer may not insure you at all, it does not mean you cannot get cover with a different insurer.

    You will also need to be completely truthful. The Duty of Disclosure is a legal requirement and if you do not disclose the fact you smoke - or have any other medical conditions - then you may invalidate your claim.

    For example, if your doctor knows you smoke but your insurer does not, when you eventually pass away, your insurer will potentially be able to access your medical records and may deny your family's claim.

    Affordable life insurance for smokers is possible. If you do not smoke often or have recently quit, you may not need to pay as much as someone who smokes two packs a day.

    What if you choose to quit? You will need to have been off the cigarettes for at least 12 months to get a non-smoker rate, and some insurers may still consider the fact you are now an ex-smoker.

    Some insurers even allow active policyholders to adjust their policies if they have quit smoking, to renegotiate a non-smoker's rate.
    There are a few different ways you can compare life cover.

    You could go through an adviser who may have access to a panel of insurers and therefore multiple policies on the market.

    Or you could talk to your family and friends and see which companies they are with. Ask if they find the prices fair and their policy to be suitably comprehensive for their needs. However, keep in mind that what works well for one person does not work for everyone.

    When deciding on a policy, consider: the price of premiums, how much coverage the policy provides, the insurer's past performance and percentage of claims paid out, payment options, the insurer's overallmission/core values. For example, if good customer service is important to you, does the insurer have a local customer care team? How do current members rate their overall experience?

    There is a lot to consider, and you will want to explore all your options before making a final decision. The fastest and easiest way to compare lots of different life cover products at once is through a comparison tool.

    All you need to do is enter a few details about yourself, and we will do the rest. We compare policies from a panel of ten insurers to find suitable policies aligned with your budget. Get started today.

    The answer to this question is not a clear yes or no and it is worth exploring exactly what is and is not covered in depth if you are looking to take out Income Protection.

    It is dependent on many factors such as whether you have a pre-existing condition and how severe that condition is.

    But even if you have been diagnosed with a condition now or in the past does not stop you getting income protection insurance. Whether mental health-related claims will be covered or not under your policy is up to the individual insurer.

    At the end of the day, it's important to remember that 'mental illness' as an umbrella term encompasses many different conditions that range widely in severity.

    Something like mild stress at work is going to be treated very differently by an insurer than a condition like multiple personality disorder.

    The best way to find out if mental illness would be covered or not is to speak to the insurer or get professional or general advice.

    And if you are currently looking for mental health help in general, we would recommend speaking to somebody like Beyond Blue. They are better equipped to help you than we are.

    Once the policy papers are signed and filed away, a policyholder may be left wondering, “do life insurance policies pay out?”

    After all, you will want to know that you are paying for something worthwhile.

    Luckily, if you have disclosed the truth in your insurer's underwriting process, read and understood the terms and conditions in detail and are able to keep paying for your policy until the end…

    Then, there are not many reasons why your policy would not pay out.

    However, there are some circumstances that could prevent your beneficiary from being able to claim.

    These include the following:

    • Your beneficiary's contact details have changed and your insurer cannot locate them.
    • You have inadvertently lied on your life insurance application, and your insurer has discovered your non-disclosure upon your death.
    • You have missed a few payments and your policy has now lapsed.
    • You have forgotten to tell your loved ones about your life insurance policy, and therefore, when you pass away nobody knows to call up and make the claim.
    • You passed away due to risky behaviour -- such as travelling to a war zone (note that some insurers will not cover this.)
    • There are exclusions in your policy. This could be a pre-existing condition that was excluded when you took out the policy.
    • The claim is due to self-harm. It is worth noting insurers usually will not let your beneficiary make a claim if you take your own life within 13 months of taking a policy out.
    • You are fighting in a war.
    • Your claim is due to illegal activity. Insurers will not pay out if you have been killed or injured while robbing a bank, for example.
    You should always check with your insurer and read your policy papers in full, as there may be other reasons why your specific life insurance policy may not pay out.
    Generally, a life insurance payout is not counted as taxable income. This means that after your beneficiary goes to make a claim on it, they will not need to pay taxes on the money when they eventually receive it.

    There are a few exceptions to this rule, however.

    If the policyholder has arranged for the insurance company to hold the policy for a little while before transferring it to the beneficiary - say, the policyholder wants the beneficiary to turn 18 first - then any interest earned in that interim period may be taxable.

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