Woolworths award-winning life insurance
Are you a regular Woolies shopper? If yes, you might be pleased to know that you can now add life insurance to your shopping list! Honestly, is there anything you can't get with the 'fresh food people'? On top of all that, the life insurance Woolworths offers is now award-winning.
That's right, Woolworths' Life Insurance just scooped up a 2021 Mozo Experts Choice Award for Exceptional Quality! Woolworths policy was one of only four that received the award - the results of which are determined by our team of research experts.
To select the winners for this particular award, our team of experts scoured through policies from 26 different insurance providers. The generosity of additional benefits offered and the flexibility of the policy were taken into account. Price is not taken into consideration for this award.
Expert Judge Peter Marshall said, "After gathering multiple quotes we were particularly impressed with Woolworths' Life Insurance Policy. Where eligible, the sum insured amount is generous, plus there's also the possibility of a $15,000 advanced payment - this can help cover funeral costs."
As you can see, this policy ticked quite a few boxes for Mozo's research team. So if you're after life cover that is fairly generous, this one might be worth looking into.
A little about Woolworths
More commonly known as 'Woolies,' Woolworths supermarkets were founded way back in 1924 and have gone on to become one of Australia's largest supermarket chains. In the nearly 100 years since the first store was opened on Pitt Street in Sydney, Woolworths has branched out to other products, including insurance.
Woolworths sells a whole range of insurance products, including home, car, pet and of course life insurance. Woolworths Life Insurance is underwritten by Swiss Re which has been in the insurance game since the 19th Century.
Woolworths’s award-winning Life Insurance
Want to learn more about Woolworths Life Insurance? Here’s a quick rundown of some of the standout features:
- Cover ranging from $100,000 to $1.5 million
- Advance payment of $15,000 to help pay for funeral costs
- Cover can be taken out between ages 18 and 65
- The ability to contact Woolworths at any time to increase the benefit amount
On top of all this, as a Woolworths Life Insurance customer you could be eligible for 10% off your grocery shop once a month. Plus TPD Insurance is also available as an optional extra.
Just keep in mind that some exclusions and sublimits will apply. To make sure you have a full understanding of what the policy offers, we recommend reading the product disclosure statement cover to cover. This can be found on Woolworths’ website.
Want to find out more about the Mozo Experts Choice Awards? Check out the full methodology report to read more about how the winners of the Life Insurance Awards are determined.