Lifebroker (AFSL 400209, ACN 115 153 243) provides this website (Website) to help compare the life insurance products available through Lifebroker’s comparison service (Comparison). By using the Website you acknowledge and agree to these terms of use (Terms of Use).

1. Use of the Website

The information and Lifebroker comparison service is made for your personal use to assist you in obtaining information on, and providing comparisons with, the products offered on the Website.

You must not use the Website or Comparison in any manner that is inconsistent with the purpose for which they were provided or in any way which breaches any laws or is not permitted by these Terms of Use. This includes using any method or process to copy, replicate, republish, modify or repackage the content, or anything to place an unreasonable load on the Website or its infrastructure.

2. General Advice

The information contained in this Website is of a general nature and does not take into consideration your personal situation and needs.  Please read the relevant Product Disclosure Statement from the insurer to consider whether the product is appropriate for your situation before making a purchase.

3. Eligibility for cover

The Lifebroker Comparison is based on the information you have provided when requesting a Comparison. Acceptance for the products outlined on this Website is dependent on your eligibility for cover after your application is reviewed and approved by the insurer.  Any revised terms to the standard product are determined during the underwriting process and are not included in the Comparison pricing and information provided.

4. Security Statement & Security Features

We are committed to implementing a number of security controls to ensure the integrity and security of data. These include the implementation of:

a. 256 bit SSL encryption. This level of encryption will be used on all data that is sent between your computer and any of the secure pages on this website;

b. A time-out period after a period of browser inactivity to reduce the risk of anyone else accessing your account details if you leave your computer; and

c. Regular security reviews of the Lifebroker systems architecture.

5. Use of Your Information

You acknowledge and agree that Lifebroker may use your personal information in accordance with the Lifebroker Privacy Policy.

7.  Disclosure of Commission and Pricing

The pricing on this site is provided by an independent research house and is displayed in Australian dollars (AUD). The amounts are subject to change with price revisions and do not include any revised terms that may be applied, such as a loading.

In order to provide a free comparison service, Lifebroker receives a commission payment from participating insurance providers for the services provided by Lifebroker on this Website, only when a policy is approved and goes into force.  Please see the Lifebroker Financial Services Guide for more information.

8. Jurisdiction

The law applicable to the use of this Website and to these Terms of Use is the law of Victoria, Australia, you submit to the exclusive jurisdiction of the courts of Victoria in relation to any matters arising under these Terms of Use or in relation to this Website.

9. Limitation of Liability

a. The Lifebroker Comparison collates information from third-party sources and therefore inaccuracies may occur on the Website information that Lifebroker cannot control.

b. To the fullest extent permissible by law the materials on this Website are provided “as is” and without warranty of any kind (either express or implied). Lifebroker does not warrant that the website or its contents will be error and/or omission free or provided uninterrupted. Nor will Lifebroker be liable for errors and/or omissions or interruptions to the Website.

c. To the fullest extent permissible by law, Lifebroker specifically disclaims any and all liability that may arise for direct, indirect, incidental, consequential, loss of profit or special damages that may arise from the access to and/or use of this Website and the Comparison.

d. To the fullest extent permissible by law, Lifebroker specifically disclaims any and all liability in relation to or arising out of the Website information and Website recommendations. You are responsible for your choice of insurance product and type and amount of cover and should carefully read the information supplied before making a purchase., If you have questions about your product selection, ensure that you read the relevant Product Disclosure Statement for the insurance product you are interested in obtaining. Further information can also be obtained from Lifebroker or the relevant participating insurance provider.

10. Change of these terms

Lifebroker may update these Terms of Use at any time and at Lifebroker’s sole discretion.

11. Comparison Methodology

Although Lifebroker frequently reviews the information provided by the Website, we do not warrant or guaranteed the timeliness, accuracy or completeness of the Website site information.

Below is a guide on the methodology used to source and update the Comparison information provided.

Comparison Information Source Frequency of updates
Premium.png#asset:587

The prices are provided monthly premium price is sourced from an independent research house.

Updated monthly 
Claims.png#asset:585 This is provided by each insurer to highlight the amount of claims paid in a calendar year across all of the insurer’s life products. This also includes claims paid through superannuation funds. Updated annually
Size.png#asset:583

The size of the company is calculated using the total dollar value of premiums currently in-force, including group, retail and direct insurance. This is sourced from an independent supplier of life insurance market information.

Update quarterly (in December, March, June and September)
Data.png#asset:586

All the features listed within the detailed Comparison tool are sourced directly from the each insurer’s Product Disclosure Statement (PDS). This is updated whenever the insurer releases a new PDS or updates its PDS.

In accordance with the relevant insurer’s PDS and Supplementary PDS releases
Star Rating2.png#asset:584

The star ratings for Heart, Stroke, Cancer (Male and Female) are sourced from an independent research house. Each trauma policy has been rated out of 100 for each for the cover provided for Heart Attack, Stroke, Male Cancer and Female Cancer. 

These ratings have been converted into a star rating so they are easier to compare when reviewing the policies in more detail.

Rating/ 100 Stars
100 5
97.5 -100 4.5
95 - 97.5 4
92.5 - 95 3.5
90 - 92.5 3
87.5 - 90 2.5
85 - 90 2.5
85 - 87.5 2
82.5 - 85 1.5
80 - 82.5 1
77.5 - 80 0.5
<75 0
Updated monthly