compare, select and save
on life insurance

• 
  Why Life Insurance?
• 
  Find the Right Life Insurance Product
• 
  How to Purchase Life Insurance
• 
  Life Insurance & Your Super
• 
  About iSelect Life
• 
  Key Person Insurance
• 
  Frequently Asked Questions
• 
  Glossary

View our range
of products

Are you authorized to provide advice on the amount of cover I should have?

Yes. We have fully qualified Financial Planners who specialize in Life Insurance

What Insurance Companies do you deal with?

• AXA/ AC&L
• ING
• ASTERON
• AVIVA
• MLC
• Zurich
• COMMINSURE
• TOWER
• AMP
• AIG

What are your fees? Do you get paid commission?

iSelect does not charge a fee for its advice or for finding you an appropriate life insurance provider. We are paid a commission by the recommended insurance company (via Charter) which allows us to deliver this service free to you. Please refer to our Financial Services Guide for further information on our fees and charges.

Do I need to have a Medical examination before taking out a policy?

In many cases no, but depending on your age, height to weight ratio and previous medical history etc will determine whether or not you will need a medical.   In most instances it is not required. Our advisors will be able to identify if one is required and assist you in this matter. 

Am I locked into the cover for a certain period?

No.  You are able to cancel your cover at anytime.

Am I covered whilst travelling overseas?

Yes usually, but you should check the policy wording as some will provide exclusions for example if you are traveling by unusual or unregistered modes of transport.

How do I pay my premiums?  

You can stipulate on the application form as to which method of payment you prefer i.e. Credit card, monthly Direct Debit or Cheque.

Are there any tax implications?

Income protection premiums are fully tax deductible.

If a Term Life policy is not written through a superannuation fund, the premiums are not tax deductible and any proceeds recovered are not considered to be assessable income

If a Term Life policy is written through a superannuation fund, the premiums are tax deductible to the fund. Taxation of death benefits depends on whether the benefits are paid to a dependent, non-dependent or to the Trustee of the deceased's estate.

As everyone's circumstances are different, we recommend you seek taxation advice from an independent tax adviser.