Life Insurance Benefits

Give your family the peace of mind of knowing that if you die suddenly or are diagnosed as terminally ill, Woolworths Life Insurance could pay your chosen benefit as a lump sum to you or your family. The policy can provide cover from $100,000 up to $1.5 million, depending on your age and income. If you're an Australian resident aged between 18 and 65 you can apply. 

    Affordable premiums

    Cover starts from just $1.42 a week**

    Freedom to change your mind

    There's a 30 day “cooling off period”, which means you have 30 days to look over your policy to make sure it suits your needs and if you are not satisfied, you can cancel your policy within this period and any premium paid will be refunded.

  • Single or joint cover options available.

    Fortnightly, monthly or annual payment options.

    Easy to apply - no medicals
  • Apply over the phone - no medical or blood tests needed.
    No forms to fill out.

  • Financial help when your family needs it
  • The benefit is paid for death by any cause from day one, except suicide in the first 13 months.$15,000 advance payment while your claim is being assessed^. This can help with funeral expenses and any other expenses.Receive 100% benefit if you are diagnosed as terminally ill with less than 12 months to live.

** Premium based on $100,000 benefit for a female non-smoker aged 34.

Subject to proof of age and death being provided.

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 and Product Disclosure Statement 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 has adopted the Life Insurance Code of Practice (the Code). It’s 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