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Life Insurance

24 Dec 2020

When can I get life insurance?

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.

How does life insurance work?

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. 

Another birthday coming up?

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.

Life insurance may cost less now than after your next birthday

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.

Why pick Woolworths Life Insurance?

Easy to apply

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.

Low cost

Everyday Rewards members get 10% off for the life of the policy+, so cover can start as low as $2.80 a week**  

Freedom to
change your mind

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?

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# Depending on your answers to the health and lifestyle questions, or if you wish to add Total and Permanent Disability cover, you may be required to speak with a sales agent to clarify the situation.

+ You must be an Everyday Rewards member to receive a ten percent discount on your Woolworths Life Insurance quote. Everyday Rewards Membership is subject to the Everyday Rewards Terms and Conditions available at

** For $100,000 benefit for a 34 year old female non-smoker, assuming standard rates and inclusive of the 10% Woolworths Rewards member discount.

This is general advice only and does not take into account your objectives, financial situation or needs. Before acting on advice, consider whether it is appropriate for you. Before you purchase this product you should carefully read the Financial Services Guide, Product Disclosure Statement and Target Market Determination to decide if it is right for you. Benefits are subject to the terms and conditions including the limits and exclusions of the insurance policy. The Life insurer, Swiss Re Life & Health Australia Limited ABN 74 000 218 306 AFSL 324908 has adopted the Life Insurance Code of Practice (the Code). The Code is the life insurance industry’s commitment to mandatory customer service standards and it’s designed to protect you, the customer. Click here for more information about the Code or visit