NobleOak Direct Life Insurance

NobleOak

NobleOak is a provider of direct income protection insurance, life insurance, TPD insurance, trauma insurance, and business expenses insurance.

Compare NobleOak Life Insurance

Considering NobleOak Life Insurance? See our comparison table below for a snapshot of their current market offerings. Please note that this table has been formulated based on a non-smoking, 30-year-old male in a professional occupation. To compare more direct life insurance products, please click here.

Compare Direct Life Insurance

NobleOak wins Outstanding Value Award for Direct Life Insurance in 2017

In Canstar’s 2017 Direct Life Insurance Star Ratings, we researched and rated 31 direct life insurance products from 30 insurers to determine which providers offer Outstanding Value. We are pleased to congratulate NobleOak, one of our two winners of an Outstanding Value Direct Life Insurance Award in 2017.

NobleOak, with their Premium Life Direct product, are the only direct life insurance provider to have achieved a Canstar award for outstanding value in both 2016 and 2017.

Why NobleOak is a winner

NobleOak has won the Outstanding Value Direct Life Insurance Award for the second time in 2017. NobleOak offers an outstanding value proposition by combining great price and features.

NobleOak offers great features such as the indexation of your sum insured amount, which means that each year your sum insured amount will increase by around 5%.

premium freeze is also offered, meaning your premiums can be “frozen” upon request, so they do not increase each year. However, be aware that when a premium freeze is applied, your sum insured decreases each year as you get older.

Cover applies 24 hours a day worldwide, meaning you are still covered while travelling overseas.

funeral benefit of up to $15,000 is paid to assist with the cost of a funeral if you should pass away.

terminal illness benefit of up to $3 million is offered if you are diagnosed with a terminal illness. This can assist with costs such as paying medical bills, pre-paying funeral costs, and paying off a mortgage or other debts.

Guaranteed future insurability is offered, so a person can increase the sum insured when their circumstances change, e.g. when they marry, have a baby or take out or increase a mortgage on their primary place of residence.

Financial Advice benefit is paid to help dependants manage the money from the insurance payout.

TPD cover of up to $5 million is available as a rider (an optional extra). TPD cover can be for a different sum insured amount than the death cover sum insured amount.

Trauma cover is available as a rider and can be added without the requirement for the consumer to obtain advice.

Additional payments are available for grief support or counselling for family members.

Insurance claims can be initiated over the phone and online.

How much does NobleOak life insurance cost?

The cost of your life insurance will vary depending on several different factors such as your age, occupation, choice of insurer, and whether you’re looking for direct life insurance or advised life insurance. You can compare NobleOak life insurance premiums for direct life insurance for your situation by clicking on the link below. Compare these premiums to the average premiums for direct life insurance on our database.

How do I buy NobleOak life insurance?

You can get a quote for NobleOak life insurance by clicking on one of the NobleOak products in Canstar’s direct life insurance comparison page for your occupation and age:

Compare Direct Life Insurance

NobleOak FAQs

Yes, however it depends on whether you buy cover through NobleOak or your financial adviser, or if you only have life insurance included through your super fund.

When purchasing income protection insurance, the insurance premiums will be tax deductible if you buy it directly from an insurer or through your financial adviser, but not tax deductible if you buy income protection through your super fund.

When it comes to life insurance, if you only have life insurance included through your super fund, the premiums paid are not tax deductible because the expense is not paid by you directly out of pocket.

Premiums for other forms of life insurance such as term life insurance, TPD insurance, or trauma insurance may not be tax deductible. Ask your tax accountant or financial adviser for details.

NobleOak life insurance policies are renewed annually, with stepped premiums that increase as you age and as your level of cover increases with indexation, to keep up with inflation.

An optional premium freeze is also offered, meaning your premiums can be “frozen” upon request, so they do not increase each year (level premiums). There are pros and cons to this however, and it’s important to understand that when a premium freeze is applied, your sum insured decreases each year as you get older.

For more information about stepped premiums versus level premiums, read this article.

You should be able to change your level of cover by adding or removing optional features like TPD cover, and by increasing or decreasing your sum insured for each type of cover included in your life insurance policy. Keep in mind that increasing your level of cover and or adding your spouse or children to your policy is likely to mean you pay a higher insurance premium.

If you wish to alter your policy, contact NobleOak on 1300 551 044 (open Mon-Fri), or email enquiry@nobleoak.com.au, or fax (02) 9299 7852 to discuss your options.

At the time of writing, NobleOak direct life insurance does not automatically exclude any pre-existing conditions.

NobleOak may impose Special Acceptance Terms on your cover at the time you take out the policy in order to cover you for certain conditions.

You have a legal duty to disclose (tell NobleOak about) any pre-existing medical conditions you have now or had in the past, as well as current medications and health issues. Find out more about pre-existing conditions for life insurance here.

You or your beneficiaries can claim with NobleOak life insurance by calling them on 1300 551 044 (open Mon-Fri) or email: claims@nobleoak.com.au.

If your insurance claim is approved, NobleOak will arrange the payment of your benefit.

NobleOak was officially established as the Druids Friendly Society of NSW in 1877 but they began as early as 1861, when the NSW Ancient Order of Druids first offered insurance to its members. These early beginnings make NobleOak one of Australia’s oldest insurers.

They are a specialist provider in Australia for life insurance, TPD, trauma insurance, income protection insurance, and business expenses insurance. NobleOak have won many awards for their life insurance products since entering the market, including the Canstar Direct Life Insurance Award in 2016 and 2017 as well as the Canstar Direct Income Protection Award in 2016, 2017 and now 2018.

The NobleOak vision is to protect Australians and their families by offering them affordable and accessible insurance. NobleOak provides fully underwritten cover which means that a number of health and lifestyle questions are asked at application time, so applicants knows exactly what they are covered for and there are no surprises at claim time. They keep costs low by avoiding large upfront commission payments to third parties and they pass savings back to their clients in the form of lower premiums.

NobleOak proudly advertises that they have a client satisfaction rating of 95.5% (2017 client survey by Pureprofile). If you phone them, they promise that a real person in your time zone will answer your call within three rings.

NobleOak supports the Australian community by partnering with organisations such as the Pharmaceutical Society of Australia and the Independent Practitioner Network.

NobleOak Premium Life Direct

Canstar Research
Rating:
Award: Outstanding Value Life Insurance

Direct Life Insurance

30-39 year old male

2017 Star Ratings Report

The table below shows some of our best life insurance options available for a non-smoking male aged 30-39 years old, who is working in a professional occupation. This table is sorted by Star Rating (highest to lowest).

Compare the rest of your options when it comes to term life insurance using our website:

Compare Life Insurance

Written by: William Jolly | Last updated: