St. George Life Insurance
What life insurance products does St. George offer?
St. George offers a number of solutions through its ‘Protection Plan’ product suite that fall within the ‘life insurance’ umbrella. Specifically, St. George says it offers:
- Term life insurance, which St. George says pays a benefit in the event of death or on diagnosis of a terminal illness.
- Living Insurance, which pays a benefit if the policyholder suffers from one of a range of specified medical events such as cancer, a heart condition or loss of a limb.
- Total and Permanent Disablement (TPD) Insurance, which pays a benefit if the insured person is unlikely to work again, perform household duties again, or suffers a loss of ability due to a permanent disability.
- Business Overheads, which provides funding for certain business expenses if you the insured person is unable to work in their business because of sickness or injury.
How much does St. George Life Insurance cost?
St. George says you will need to contact them directly to get a quote for the cost of one of its life insurance policies. It explains that the cost of its insurance includes the premium and other fees and charges, such as the policy fee and stamp duty.
Generally speaking, the cost of a life insurance policy depends on a range of factors including your age, gender, smoking status and the insured benefit selected. Providers may also take your occupation, health, income and personal pastimes into account.
St. George’s life insurance product comes with a number of optional extras which may affect the premium you would pay. These include TPD benefit and living benefit.
According to St. George, at the time of writing if the insured person is covered by multiple eligible St. George Protection Plans policies, a multi-policy premium discount of 5% will apply on all premiums applicable to the insured person, excluding policy fee and stamp duty.
Canstar does not currently compare St. George life insurance, but you can compare other life insurance providers on Canstar’s database.
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Eligibility to apply for St. George Life Insurance
According to St. George, Australian citizens and Australian permanent residents between the ages of 15 – 69 may be eligible for coverage under its term life insurance policy. Age restrictions for other aspects of the Protection Plan product suite may vary. Check the PDF or contact St. George for details.
Upon application, you may also be asked some questions about your health, lifestyle and family medical history to determine your eligibility and what level of cover might be available to you.
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How to apply for a St. George Life Insurance policy
Before taking out a life insurance policy, it may be beneficial to first compare various providers to help ensure you’re applying for a policy that suits your needs.
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If you choose to apply for a St. George Life insurance policy, you can do so over the phone or at one of its branches.