Virgin Money award-winning life insurance


What makes an income insurance policy really stand out? 

Flying high above the competition certainly helps, and that’s exactly what Virgin Money did to take out a 2019 Mozo Experts Choice Award for Exceptional Value Income Protection. 

Launched today for the first time, the inaugural 2019 Mozo Experts Choice Life Insurance Awards recognise some of the leading Life Insurance, Life and TPD Insurance, Life and Trauma Insurance and Income Protection Insurance policies on the market. 

“Virgin Money was one of just a handful of winners in the Exceptional Value Income Protection category this year,” said Mozo Experts Choice Judge, Peter Marshall.   

“Given that we analysed 25 different insurers as part of the judging process, it just goes to show how good their Income Protection Insurance policy is to have stood out in that field.” 

About Virgin Money

Founded as part of Richard Branson’s Virgin Group, Virgin Money Australia is a financial services company that has been owned by the Bank of Queensland since 2013, though it’s headquarters are based in Sydney. Their life insurance policies are underwritten by TAL Life Limited.

Virgin Money offers a range of banking and insurance products to customers throughout Australia, including home loans, credit cards, car insurance, home insurance and travel insurance .  

Aside from it’s win in the 2019 Mozo Experts Choice Life Insurance Awards, Virgin Money has also received recent accolades in the form of a 2019 Mozo Experts Choice Award for best Investor Fixed Home Loan and a 2018 Mozo Experts Choice Award for best Velocity Frequent Flyer Premium Credit Card

Virgin Money award-winning Income Protection Insurance

So aside from providing excellent value, what are some of the other perks that make a Virgin Income Protection Insurance policy stick out?

Virgin Money can cover up to 85% of your income to a value of up to $10,000 per month

Depending on the policy you choose, Virgin will give you a choice of waiting (14, 28, 60 or 90 days) and benefit periods. Plus the longer your waiting period is, the lower your cost will be.   

If your partner also chooses to take out cover you’ll be eligible for a 5% discount on income protection premiums

When it comes to policy choice, Virgin Money offers two different types of cover. The first of these is Tailored cover which can pay out up to 85% of your income (up to $10,000 each month), and as well as provide greater choice when it comes to waiting and benefit periods. 

They also offer Quick and Easy Income Protection cover which can pay out up to 85% of your income (up to $7,500 each month).

And Virgin’s Income Protection Insurance isn’t just available to full time workers, as part-time workers, self-employed workers and even stay at home parents can get cover too. 

How to take out life insurance with Virgin Money

If you think Virgin Money Income Protection could be the right choice for you, applying is as simple as giving them a call or grabbing a quick quote online. 

To do so, simply head over to the Virgin Money website and enter a few details including your name, date of birth, state, phone number, email address, gross annual income and your desired level of cover.  

Like to take a look at even more award-winning options? Don’t forget to check out the full 2019 Mozo Experts Choice Life Insurance Award winners list.