Life and Terminal Illness Cover
Protect your family's financial future with a lump sum benefit if the unexpected happens. Compare quotes from all major Australian insurers — zero fees, instant cover.
Up to $10M+ cover available
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General advice only. We help you understand your options — you make the decision.
What Is Life & Illness Cover?
Life insurance provides a lump sum benefit to your beneficiaries if you pass away or are diagnosed with a terminal illness. This benefit can be used to pay off your mortgage, fund your children's education, replace lost income for your family, cover funeral costs, and meet other financial obligations.
Life insurance is one of the most important financial protection tools available. It ensures that the people who depend on your income are financially secure, regardless of what happens to you.
Hippo Wealth compares Life Cover across all major Australian insurers — TAL, AIA, MLC, Zurich, BT, ClearView, and more — so you can see every option clearly before making a decision. No fees, no pressure.
What Does Life Cover Include?
Covers a wide range of needs — from debts and living expenses to your family’s long-term financial security in the event of death or terminal illness.
Death Benefit
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Mortgage Protection
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Education Funding
A lump sum paid to your nominated beneficiaries if you pass away while the policy is active.
Terminal Illness Benefit
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Income Replacement
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Funeral & Estate Costs
The full benefit paid if you're diagnosed with a terminal illness expected to result in death within 12 months.
Who Should Have Life Cover?
Life insurance is essential for anyone whose family depends on their income. Here are the most common groups we help:
Families With Mortgages
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Homeowners with dependants
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Couples with shared mortgages
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Parents of young children
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Multi-income households
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Young Professionals
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Early-career professionals
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New parents
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First-time homebuyers
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Couples planning families
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Business Owners
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Sole traders
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Business partners
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Directors with staff
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Practice owners
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How Much Does Life Cover Cost?
Your Age
Younger applicants typically pay lower premiums than older applicants.
Health History
Pre-existing conditions may affect your premium or eligibility.
Smoker Status
Smokers typically pay 2-3x higher premiums than non-smokers.
Cover Amount
Higher coverage amounts mean higher monthly premiums.
Occupation
High-risk occupations may have higher premiums.
Policy Type
Term vs. whole-of-life policies have different cost structures.
3 Easy Steps To Get Covered
Compare
We compare Life & Terminal Illness policies across Australia’s leading insurers, tailored for medical and dental professionals. You receive a clear, side-by-side summary of cover, definitions, exclusions, and premiums; all in plain language. This is general advice: you see the full market, not a single recommendation.
Confirm
You review your options and choose the level of cover that suits your needs — from protecting your family to clearing debt.
We’re here to answer questions, but the decision is entirely yours. No obligation to proceed.
Complete
Once you’ve selected your cover, we manage the full application process — including underwriting, medical disclosures, and policy setup. We handle the details, keep you informed, and ensure your cover is active when you’re ready.