It's up to you to decide when it's the right time for you to buy life insurance. You can apply to purchase our life insurance anytime after your 18th birthday and right up to before your 65th birthday. There’s no ‘right’ age to get life insurance but people often start thinking about life insurance when they make life changes such as getting married, buying a house or business, or starting a family. For example, with a large financial commitment like a house, a life insurance benefit could cover your share of the mortgage payments if you weren’t around.
When you buy life insurance, you make regular payments (called a premium) for an amount of cover. If you pass away or are terminally ill, the benefit may be paid to your family or dependants (your beneficiaries). With Woolworths Life Insurance there is also the option of taking out Total and Permanent Disability cover. There are no restrictions on how the money can be used - it can help pay the rent or mortgage, pay for childcare, pay the bills or it can be used to pay for your children’s education.
Sometimes it's great to get a birthday present for yourself. You get to choose exactly what you want, you know you're going to like it and you get all the good feelings from both giving and receiving. While it may not be your first thought, there are some good reasons to consider life insurance if you have a birthday coming up. And if you're between the ages 18-65, you're eligible to apply for our life insurance.
Our life insurance premiums are stepped which means they will generally increase with age. If you purchase your policy before your birthday, your premium will reflect the age you are now and won't change for the next 12 months. Now that's a nice gift to receive.
Buy Life Insurance online. No medical or blood tests needed. Please call our customer contact centre for Funeral Insurance or Life Insurance with the Total & Permanent Disability cover option.
Everyday Rewards members get 10% off for the life of the policy+, so cover can start as low as $2.55 a week**
30 day cooling off period - cancel your policy within this time frame and as long as you haven't made a claim, we'll refund your premium
Thinking about life insurance?