Suncorp award-winning life insurance

Suncorp has proven it’s one of the top picks when it comes to life insurance, claiming a 2019 Mozo Experts Choice Award for Exceptional Quality.  

“The 2019 Mozo Experts Choice Award winners for Exceptional Quality Life Insurance offered the best features on their policies, and offered flexibility when it came to paying premiums,” Mozo’s Banking Expert, Peter Marshall said. 

“So for customers looking for a life insurance policy with a range of good benefits, Suncorp is a serious contender.”

This year, Mozo’s expert judges measured up different life insurers and identified which providers had the most Exceptional Quality life insurance on offer. While price wasn’t taken into consideration when judging for this award category, features like the ability to pause or increase cover, funeral advancements and the option to pay level premiums took preference when choosing winners. 

About Suncorp 

With a long history dating back to 1902, Suncorp Group has become one of Australia’s largest financial institutions offering a wide range of banking, insurance and super fund products to over a million customers. Not only does Suncorp offer award-winning life insurance, it also offers insurance policies for home and contents, car and vehicle, health and travel - so it’s fair to say that they know a thing or two (or three) about insuring Aussies.   

Suncorp award-winning Life Protect Insurance

Suncorp won in the Mozo Experts Choice Awards exceptional quality life insurance category for it’s additional benefits, features and flexibility. Its Life Protect Insurance covers between $100,000 and $1 million and have a range of standout benefits like a $10,000 funeral advancement and terminal illness benefit. 

Key Features 

  • Terminal illness benefit: if you become terminally ill, and are diagnosed by a registered doctor, Suncorp will advance your full death benefit so you can get your finances in order 
  • $10,000 funeral advancement: this is an advance on your death benefit (meaning it will be deducted from the final pay out) to help your family with your funeral costs once you die
  • Premium pause benefit: if you’re struggling to pay your premiums, you can request to freeze your payments for up to 3 months while you get your finances together (keep in mind you’ll only be covered for accidental death during this period)
  • Premium protector benefit: if you’re unable to work for 90 consecutive days due to illness or injury, Suncorp will pay the cost of your personal insurance policies for the following year (up to $2,000)  
  • Lifestyle increase benefit: to keep up with changes in life, like marriage or childbirth, you are able to increase the sum insured by $100,000 each year without providing medical information 
  • 10% cashback: When you hold and pay your policy for 3 years with Suncorp, you’ll receive 10% of your premiums back (and you’ll keep receiving it every 3 years if you continue to hold the policy) 
  • 10% family member discount: if an immediate family member holds a Suncorp Life Protection policy, you’ll be discounted when you apply  

Who would it suit 

Suncorp’s award-winning Life Protect Insurance may suit someone looking for quality insurance with a bunch benefits. While it covers customers up to 99 years old, keep in mind you must apply before you turn 60. 

How to take out life insurance with Suncorp 

To get a quick quote in 30 second on Suncorp’s website all you need to do is fill in your details, or you can request a call from a Suncorp representative. Here’s the information you’ll need to provide.  

  • Date of birth 
  • Gender 
  • If you’ve smoked in the last 12 months 
  • Your email address (this is optional, as you can receive your quote via email if you like but Suncorp may then continue to send you emails after that) 
  • The amount of cover you would like to receive 
  • Whether or not a family member has a Suncorp Life Protection policy and their personal details or policy number (so you can receive a juicy little 10% family member discount) 

Interested to see what other life insurance providers won? Jump over to our Mozo Experts Choice page for a full list.