Premium Information - Lifebroker - Life Insurance, Income Protection Insurance Brokers

Term Life Cover

Term life insurance provides a lump sum payment on the death of the life insured. Approximate premiums are detailed below for non-smokers.

Age	Cover Amount	Male	Female
		per month	per month
30	$250,000	$25	$20
30	$500,000	$30	$25
40	$250,000	$27	$22
40	$500,000	$42	$33
50	$250,000	$60	$45
50	$500,000	$105	$80

Income Protection

The biggest variable with income protection is the waiting period; with the table below we have assumed a benefit of $3,500 per month to age 65. We have run quotes with two waiting periods, 30 and 90 days. Please note that these are before tax premiums, and income protection premiums are tax deductible (non-smoker rates).

Age	Waiting Periods	Male	Female
		per month	per month
30	30 Day	$55	$70
30	90 Day	$40	$50
40	30 Day	$85	$120
40	90 Day	$60	$85
50	30 Day	$175	$260
50	90 Day	$120	$170

TPD

Total and Permanent Disability (TPD) is usually taken as an extension to life cover. It provides a lump sum payment in the event that the life insured is totally and permanently disabled. The premiums below are for life and TPD cover combined (non-smoker rates).

Age	Cover Amount	Male	Female
		per month	per month
30	$250,000	$30	$27
30	$500,000	$50	$40
40	$250,000	$45	$35
40	$500,000	$70	$60
50	$250,000	$110	$95
50	$500,000	$195	$165

Trauma Insurance

Trauma policies pay a lump sum in the event of an injury or sickness as defined in the policy document, (for example cancer, heart attack, stroke). This can be taken as a stand alone policy (on its' own), or attached to a life insurance policy.

There are basic trauma policies and there are extended trauma policies that cover a greater level of events (we only quote on the extended cover). Some policies offer TPD as a definition of trauma, therefore this can provide cost savings.

The costs below are for stand alone trauma policies.

Age	Cover Amount	Male	Female
		per month	per month
30	$100,000	$25	$25
30	$200,000	$35	$35
40	$100,000	$35	$38
40	$200,000	$65	$65
50	$50,000	$50	$45
50	$100,000	$100	$80

Lifebroker is an Authorised Representative of National Financial Solutions Pty Ltd, holder of AFSL 284182