Term Life Insurance

Inexpensive term life insurance to cover your income producing ability is a product that is really needed today to give peace of mind. Life insurance in Australia was originally conceived to protect a man's family when his death left them without income.

Over time is has developed into a variety of policy plans. In a "whole life" policy, fixed premiums are paid throughout the insured's lifetime; this accumulated amount, augmented by compound interest, is paid to a beneficiary in a lump sum upon the insured’s death; the benefit is paid even if the insured had terminated the policy.

Under "universal life," the insured can vary the amount and timing of the premiums; the funds compound to create the death benefit.
With "variable life," the fixed premiums are invested in a portfolio (with earning reinvested), and the death benefit is based on the performance of the investment.

In "term life insurance," coverage is for a specified time period (e.g., 5-10 years); such plans do not build up value during the term. Annuity policies, which pay the insured a yearly income after a certain age, have also been developed. In the 1990s, life insurance companies began to allow early payouts to terminally ill patients. In other words, a policy holder with a grave illness could now access some of their life insurance funds to use as they choose.

One of the reasons that level term life insurance is a fair bit cheaper than other life insurance is because the insurer only has to make a payment if the insured party passes away, and even then the insured party has to die during the term of the policy for the next of kin (or the named beneficiary) to be eligible for a payout.

The reason why a level term insurance policy is so called is because the repayment remain level throughout the term of the policy, so you will never have to worry about the cost of your policy rising. The policy is also taken over a fixed term, which is where the ‘term’ part of the policy comes in. This means that you can enjoy easy budgeting and low cost repayments, and you’ll know exactly how long you will be making payment for. On the downside, once the policy expires you will not be able to reclaim any money and the policy will be cancelled, so you will then need to look at taking out alternative life insurance cover.

The average term of a level term life insurance policy – unless otherwise specified – is fifteen years. There are a variety of factors that contribute to the cost of the policy such as whether you go for the most basic package or whether you include a bolt-on such as critical illness cover, whether you are a smoker, your general health, and the term over which you take the policy out.

Both level term insurance policies and whole life policies offer valuable peace of mind to policyholders. The cost of this type of life cover is a small price to pay for the peace of mind that comes with being protected, and you can increase this peace of mind by adding extras such as critical illness to your policy for just a small extra fee.

As a nation, we like to insure just about everything we can…our cars, our homes, our belongings, our pets, and even our credit repayments. It therefore makes sense that we should insure the most important thing of all – our lives.

Term Life Insurance Firms

A & M Insurance Services
Helensvale Queensland 4212
Phone: (07) 5502 6599

A & R Financial Planners Pty Ltd
1 The Broadway
Penrith NSW 2750
Phone: (02) 4732 1877

A AA Family Care Australia
Phone: 1800 808 026

A AA Health-Link Consultants
Level 2/ 337 Latrobe Street
Melbourne Victoria 3000
Phone: (03) 9670 5555

A. Cost Less Insurance
18 Highland Crescent
Narre Warren Victoria 3805
Phone: 1800 681 268

A Cost Less Insurance
Narre Warren Victoria 3805
Phone: 1800 681 268

AA (Tony) Summers
47 Darrell Road Tamworth NSW 2340
Phone: (02) 6762 3122

AAA Family Care Australia
Phone: 1800 808 027

AAA Family Care Australia
Phone: 1800 808 027

AAA Financial Group
17 Koel Court
Carrum Downs Victoria 3201
Phone: (03) 9776 4110

AAA Financial Group Limited
Suite 1, 107 Pacific Highway
Hornsby NSW 2077
Phone: (02) 9987 1222

AAA Health Link Insurance
3/ 100 Dorcas Street
South Melbourne Victoria 3205
Phone: (03) 9682 1122

AAIB- AustralAsia
Insurance Brokers Pty Ltd
Level 2, Christie Street
St Leonards NSW 2065
Phone: (02) 9966 4555

AASTRA Insurance Services
PO Box 2445
Fountain Gate Victoria 3805
Phone: 1300 787 298

Abbott Shan
262 MacQuarie Street
Dubbo NSW 2830
Phone: (02) 6884 1533

ABC Financial Planning Pty Ltd
585 Street Pauls Terrace
Bowen Hills Queensland 4006
Phone: (07) 3252 3955

ABIA Pty Ltd
267 Angas Street
Adelaide SA 5000
Phone: (08) 8232 7710

ABL Global Spectrum
Lvl 1, 11 Ridge Street
North Sydney NSW 2060
Phone: (02) 9966 1555

ABN AMRO Morgans
Level 15, Cairns Corporate Tower
15 Lake Street
Cairns Queensland 4870
Phone: (07) 4052 9222

Acclaimed Financial Solutions Pty Limited
53 Wynter Street
Taree NSW 2430
Phone: (02) 6551 4436

Accountants Investment Management
279 Rocky Point Road
Sans Souci NSW 2219
Phone: (02) 9593 4711

ACM Financial Services
The Home Loan Centre Level 1,
161 London Circuit
Canberra City ACT 2601
Phone: (02) 6230 0371

ACM Financial Services
Canberra City ACT 2601
Phone: (02) 6230 0371

ACT Life Insurance Brokers
The Atrium 1st Floor,
Swinger Hill Centre
Ainsworth Street
Mawson ACT 2607
Phone: (02) 6286 3340

Acumen Financial Planning
1140 Nepean Highway
Mornington Victoria 3931
Phone: (03) 5973 5970

Adam Pile Risk Services
58 Jonquil Street
Ormeau Queensland 4208
Phone: (07) 5546 7316

Adams & Associates
Financial Planners Pty Ltd
49 Best Street
Wagga Wagga NSW 2650
Phone: (02) 6931 7000

Adept Super & Life Pty Ltd
9 Gloucester Road
Hurstville NSW 2220
Phone: (02) 9570 8355

Advance Risk Solutions
339 Ferrars Street
South Melbourne Victoria 3205
Phone: (03) 9696 3390

Advance Risk Solutions
Street 2/339 Ferrars Street
South Melbourne Victoria 3205
Phone: (03) 9696 3390

Advice At Health-Link
Level 2/ 337 Latrobe Street
Melbourne Victoria 3000
Phone: (03) 9670 5555

Advice Plus Financial Services Pty Ltd
Suite 3, 29 Wilmot Street
Burnie TASMANIA 7320
Phone: (03) 6431 6166

Adviser Direct
200 Glebe Road
Merewether NSW 2291
Phone: (02) 4969 1900

Advocate Group
PO Box 766
Runaway Bay Queensland 4216
Phone: 0411 726 000

AFS Financial Services
137 Ross River Road
Mundingburra Queensland 4812
Phone: (07) 4779 3966

AGC Life
15/ 33 Waterloo Road
North Ryde NSW 2113
Phone: 1300 242 300

Agnew Wealth Creations Pty Ltd
55 Bridge Road
Nowra NSW 2541
Phone: (02) 4423 7333

Ahern Peter
62a Barolin Street
Bundaberg Queensland 4670
Phone: (07) 4153 1033

AIG Life
Lvl 8/ 220 George Street
Sydney NSW 2000
Phone: 1800 033 490

AIG Life
Level 4, 6 Parkes Street
Parramatta NSW 2150
Phone: 1800 033 490

AIG Life
Unit 8, 2008 Logan Road Upper
Mt Gravatt Queensland 4122
Phone: 1800 033 490

AIG Life
549 Street Kilda Road
Melbourne Victoria 3004
Phone: 1800 033 490

AIG Life
Lvl 1/ 810 Whitehorse Road
Box Hill Victoria 3128
Phone: 1800 033 490

AIIM Financial Services Pty Ltd
102 Hume Street
Wodonga NSW 3690
Phone: (02) 6056 6900

A.J.M. Finance Managers
285 Anzac Highway
Plympton SA 5038
Phone: (08) 8293 5453

Alan Jones Insurance Agencies Pty Ltd
Suite 39, Big B Arcade,
50 James Street
Burleigh Heads Queensland 4220
Phone: (07) 5576 4200

Alan Jones Insurance Agencies
Suite 39, Big B Arcade,
50 James Street
Burleigh Heads Queensland 4220
Phone: (07) 5576 4200

Albey Feil Financial & Insurance Services
27 Sturt Street
Mt Gambier SA 5291
Phone: (08) 8725 0655

Aldenhoven Lee & Associates Pty Ltd
Suite 17 116 Melbourne Street
North Adelaide SA 5006
Phone: (08) 8267 4800

Alderdice David
319 Margaret Street
Toowoomba Queensland 4350
Phone: (07) 4613 0888

Alderdice David
Suite 2, 173 Hume Street
Toowoomba Queensland 4350
Phone: (07) 4613 0888

Alexander Financial Services
20 Adria Road
Alexander Heights WA 6064
Phone: (08) 9247 5553

All Areas Financial Services
9 North Concourse
Beaumaris Victoria 3193
Phone: (03) 9589 0799

Allen Lloyd
12 Melton Street
Biloela Queensland 4715
Phone: (07) 4992 2000

Allen Russell
228 Hoskins Street
Temora NSW 2666
Phone: (02) 6978 1044

Allianz
Phone: 13 1000

Allison Greg
21 Haig Streets Broadview SA 5083
Phone: 0412 618 665

Allwood & Ryan
41 Percy Street Portland Victoria 3305
Phone: (03) 5521 7600

Alpha Business Consultants
Suite 107 37 The Corso Manly NSW 2095
Phone: (02) 9977 8800

Alpha Insurance Services Pty Ltd
Level 1/ 206 Greenhill Road
Eastwood SA 5063
Phone: (08) 8357 8633

Amanda McCall
2/ 45 Collier Street
Stafford Queensland 4053
Phone: (07) 3356 6929

American International
Assurance Company
(Australia) Limited
Level 4, 6 Parkes Street
Parramatta NSW 2150
Phone: (02) 8837 8888

American International
Assurance Company
(Australia) Limited
220 Street Georges Terrace
Perth WA 6000
Phone: (08) 9481 3232

American International
Assurance Company
(Australia) Limited
Unit 8, 2008 Logan Road Upper
Mt Gravatt Queensland 4122
Phone: (07) 3849 7966

American International
Assurance Company
(Australia) Limited
549 Street Kilda Road
Melbourne Victoria 3004
Phone: (03) 9522 4800

American International
Assurance Company
(Australia) Limited
Phone: 1800 898 555

American International
Assurance Company
(Australia) Limited
Phone: (03) 9843 6888

American International
Assurance Company
(Australia) Limited
45 Sanders Street
Upper Mt Gravatt Queensland 4122
Phone: (07) 3849 7250

AMEV Life Assurance Co Ltd
14 Cribb Street Milton Queensland 4064
Phone: (07) 3368 2657

AMDAL Financial Services
36 Parkview Avenue
Grange SA 5022
Phone: (08) 8356 0000

AMP
2/ 147 Balo Street
Moree NSW 2400
Phone: (02) 6752 3838

AMP
Sydney NSW 2000
Phone: 13 3888

AMP
33 Alfred Street Sydney NSW 2000
Phone: 13 3888

AMP
Suite 5, 21 Kinghorne Street
Nowra NSW 2541
Phone: (02) 4421 8666

AMP Bunbury
Unit 2, 18 Casuarina Drive
Bunbury WA 6230
Phone: (08) 9721 8744

AMP Caloundra
Shop 26 Centrepoint Plaza,
50 Bulcock Street
Caloundra Queensland 4551
Phone: (07) 5491 5911

AMP Financial Centre
12 Central Road
Miranda NSW 2228
Phone: (02) 9524 8661

AMP Financial Centre
Suite C Level 1/ 111
Main Street
Blacktown NSW 2148
Phone: (02) 9672 4800

AMP Financial Planning
Investment House
1/ 1 Wattle Road
Shellharbour NSW 2529
Phone: (02) 4297 6455

AMP Financial Planning
5 Woolcock Street
Hyde Park Queensland 4812
Phone: (07) 4726 4777

AMP Financial Planning
Accredited - GL Financial
78- 80 Franklin Street
Traralgon Victoria 3844
Phone: 1300 654 266

AMP Robina
5/ 211 Ron Penhaligon Way
Robina Queensland 4226
Phone: (07) 5593 0561

AMP Society
821 Pacific Highway
Chatswood NSW 2067
Phone: (02) 9412 0223

Asteron
465 Victoria Avenue
Chatswood NSW 2067
Phone: 1800 221 727

Asteron
66 Greenhill Road
Wayville SA 5034
Phone: 1800 803 628

Asteron
Phone: 1800 803 628

Asteron
Level 4, 50 McDougall Street
Milton Queensland 4064
Phone: (07) 3011 8600

Asteron
Level 8, 15 William Street
Melbourne Victoria 3000
Phone: (03) 9245 8500

Asteron
Level 3, 37 Street Georges Terrace
Perth WA 6000
Phone: 1800 221 727

ANZ Financial Planning
Phone: 1800 626 855

Austbrokers RWA Pty Ltd
Quirindi
PO Box 134 Quirindi NSW 2343
Phone: (02) 6746 3433

Austbrokers RWA Pty Ltd
Sydney
PO Box 485 Manly NSW 1655
Phone: (02) 9977 7084

Aviva Australia
Phone: 1300 659 659

AXA
Phone: 13 7292

Axcess Financial Services Pty Ltd
PO Box 1230 Mackay
Queensland 4740
Phone: (07) 4944 1234

Brett Le Man & Associates
37 Holland Road Holland Park
Queensland 4121
Phone: (07) 3397 8699

Canberra Insurance Brokers
First Floor, 14 Dundas Court
Phillip ACT 2606
Phone: (02) 6239 1566

Capital Insurance Brokers
General & Life Insurance
Private Bag 10,
Deakin ACT 2600
Phone: (02) 6282 7666

Cedars Insurance Services (CES LICHAA)
Suite 1, Level 1,
25 Belmore Street, Burwood NSW 2134
Phone: (02) 9715 3333

Chris Scarr
Income Protection
22 Murray Street
Hobart TAS 7000
Phone: (03) 6231 0033

Coles Financial Group
138 Wilson Street Burnie TAS 7320
Phone: (03) 6431 7430

Co-Ordinated Insurance Services Pty Ltd
Phone: 1300 795 459

DBT Financial Solutions
Streete 13/ 22 Parry Avenue
Bateman WA 6150
Phone: (08) 9332 7111

E-Life
Mitcham Victoria 3132
Phone: 1300 662 142

EBM Insurance Brokers
Insurance Brokers
28 Stirling Street
Bunbury WA 6230
Phone: (08) 9791 9773

Family Care Australia
Phone: 1800 808 027

Favenuero Insurance & Financial Services
154 Fitzmaurice Street
Wagga Wagga NSW 2650
Phone: (02) 6921 4567

Financial Industry Complaints Service
Phone: 1300 780 808

Finlife Financial Life Advisers
1st Floor, 24 Junction Road
Burleigh Heads Queensland 4220
Phone: (07) 5593 4433

Fitzpatrick & Co.
Insurance Brokers P/L
631 WAvenuerley Road
Glen WAvenuerley Victoria 3150
Phone: 1800 672 146

Fortitude Financial Management
G04/ 12 Cato Street Hawthorn
East Victoria 3123
Phone: (03) 9824 5531

Genesis Financial Services
Australia Pty Ltd
PO Box 2314 Burleigh DC
Queensland 4220
Phone: (07) 5593 7473

Genesys Wealth Advisers Ltd
Phone: 1300 764 330

Genesys Wealth Advisers
218 Beveridge Street
Swan Hill Victoria 3585
Phone: (03) 5033 2910

Godfrey Pembroke Financial Consultants
Phone: 1800 023 867

Great Western Insurance Brokers
274 Foreshore Drive
Geraldton WA 6530
Phone: (08) 9964 1119

Horsell International Financial Solutions
Level 10 83 Mount Street
North Sydney NSW 2060
Phone: (02) 9955 4366

Immediate Insurance Solutions
PO Box 6486
Upper Mt Gravatt Queensland 4122
Phone: (07) 3297 0178

Income and Life
3 Rasmussen Drive
Templestowe Victoria 3106
Phone: (03) 9846 3007

ING
Phone: 1800 242 979

IPS Financial Services Pty Ltd
Suite 2, Level 11, 32 Marine Parade
Southport Queensland 4215
Phone: (07) 5581 3200

Insurance Acumen Australia
PO Box 1133 Canning Bridge WA 6153
Phone: 1300 766 467

Insurance Advisory Service
Level 7, 143 York Street
Sydney NSW 2000
Phone: (02) 9283 2000

ISP Australia Pty Ltd
Level 1, 315 Ross River Road
Aitkenvale Queensland 4814
Phone: (07) 4725 5573

Kevin Hobbs
Maylands WA 6051
Phone: (08) 9370 1911

Life & Business Planning Pty Ltd
Suite 1, Level 1,
160 Cotlew Street,
Ashmore Plaza Shopping Centre,
Ashmore Queensland 4214
Phone: (07) 5539 4155

Maddern Financial Advisers
Suite 240, 29 Milton Parade
Malvern Victoria 3144
Phone: (03) 9832 0913

MBF Life Limited
Life Insurance
GPO Box 4232 Sydney NSW 2001
Phone: 1800 200 044

McLauchlan & Partners
80-82 Upton Street
Bundall Queensland 4217
Phone: (07) 5539 9095

Murphy Financial Services (SA) Pty Ltd
283 Wakefield Street
Adelaide SA 5000
Phone: (08) 8224 0602

MSI Taylor Financial Services
Level 9, Toowong Tower,
9 Sherwood Road,
Toowong Queensland 4066
Phone: (07) 3217 8800

Navigator
Phone: 1800 653 710

Pathrec
Level 6 50 Queen Street
Melbourne Victoria 3000
Phone: 1800 066 895

Peel Life Insurance Consultants
286 Pinjarra Road
Mandurah WA 6210
Phone: (08) 9534 8499

Peter Vivian Financial Services
11 Adelaide Road
Gawler SA 5118
Phone: (08) 8523 0230

Precise Advice Financial Services Pty Ltd
27 Keysborough Close
Keysborough Victoria 3173
Phone: (03) 9798 9900

Queensland Marine &
General Insurance Brokers Pty. Ltd.
37 Grafton Street
Cairns Queensland 4870
Phone: (07) 4031 3111

Quill Group Business Accountants Pty Ltd
Level 6, 12 Marine Parade
Southport Queensland 4215
Phone: (07) 5528 2000

Real Insurance
Home, Contents and Motor Insurance
Locked Bag 9042 Castle Hill NSW 1765
Phone: 1300 367 325

Retireinvest Camden
22 Broughton Street
Camden NSW 2570
Phone: (02) 4655 9441

Rod Koch Financial Services
Suite 1, 608 Bruce Highway
Woree Queensland 4868
Phone: (07) 4054 5777

Ron Robinson
Phone: 0427 867 183

South Coast Insurance Planning Pty Ltd
Suite 4, Laguna House,
2 Philippine Parade
Palm Beach Queensland 4221
Phone: (07) 5534 2332

Southern Cross Financial Planning
1st Floor, 78 Terrigal Esplanade
Terrigal NSW 2260
Phone: (02) 4384 0333

Stonehouse Wealth Management
Level 2, 36 Streetation Road
Indooroopilly Queensland 4068
Phone: (07) 3871 4988

Strategic Financial Solutions
Level 7, 20- 22 Albert Road
South Melbourne Victoria 3205
Phone: (03) 9690 4622

Tarrants Financial Consultants Pty Ltd
67- 69 Market Street
Wollongong NSW 2500
Phone: (02) 4228 5511

Total Wealth Management
9 Burnett Street
Ipswich Queensland 4305
Phone: (07) 3281 1226

Wealth Insure & Investment
6 Jennifer Court
Grovedale Victoria 3216
Phone: (03) 5241 1369

Wealth Planning Partners
1 / 8 Fortitude Crescent
Burleigh Heads Queensland 4220
Phone: (07) 5520 2688

Wealthplanning Pty Limited
200 Glebe Road Merewether NSW 2291
Phone: (02) 4969 1900

Are you a Term Life Insurance firm in Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Canberra or Darwin Australia?  Email me for advertising rates at info@insuranceHQ.com.au