Virgin Life Insurance

Protecting all Aussies

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Call 1300 814 990

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Cover calculator

Unsure how much life insurance you need? Use our cover calculator to get you started.Tell me more

 
 

Can change as your needs change

Virgin Life Insurance is as flexible as you need it to be.

  • Change payment dates and frequency
  • Add or remove a partner
  • Change beneficiaries
  • Freeze premiums to give you payment certainty
  • Adjust your level of cover by applying for more or lowering it when you need to
  • Automatically raise your level of cover annually, in line with the Consumer Price Index

To freeze or index?
Choose an option that helps you manage the level of cover to suit your needs over time. If you need to switch from one premium option to the other, Virgin Life Insurance gives you the freedom to do so.

Indexing your Cover

The premium is calculated each year and increases as you get older. To help you keep pace with inflation, Virgin Life Insurance also increases your cover amount by the Consumer Price Index (CPI) or 5% - whichever is greater. The premium therefore also increases because the cover amount increases.

Why index? As time goes by the cost of living increases and if the family is growing and you upsize your house (and mortgage), some people find it useful to increase the amount they’re insured for. You can accept or decline indexation offers as you choose.
Freezing your Premium

The premium freeze locks in your payments at a certain rate, which reduces your level of cover each year so that it corresponds to your life stage (and premium value).

Why freeze? Once the mortgage and other debts are paid off and the kids head out on their own, some people find that they’re able to accumulate wealth at an increasing rate, and that their need for life insurance diminishes over time. You can freeze or unfreeze premiums as you choose.
 


*Guaranteed acceptance for Australian Residents aged 18-65 with our Quick & Easy option. Exclusions apply for suicide, pre existing medical conditions, criminal activities, dangerous occupations and pastimes.


This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. Please consider the Product Disclosure Statement and Financial Services Guide before deciding whether to buy this product.


Promoted by Virgin Money (Australia) Pty Limited ABN 75 103 478 897, authorised representative No 2808847 of Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869, and distributed by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260. Insurance issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848. For information about Virgin Money and TAL, please see the Financial Services Guide.