Protect your family with Australia's Best Life Insurer of 2020

Protect your family with australia s best life insurer of 2020 content

Life’s too precious to take shortcuts when it comes to life insurance, so taking the time to find the right policy is an absolute must. For many Australians though, comparing life insurance can be confusing and it's often difficult to know how to assess one policy against another or what levels of cover you really need.

If trying to find the right policy for you and your family seems a little daunting, the comparison experts at Mozo have sifted through the nitty gritty of 25 different life insurance providers to assess Australia’s best value and quality life insurance policies for the Mozo Experts Choice Life Insurance Awards 2020.

“Our research showed there were vast differences between features and policies, as well as incredible price variations of up to 50% between similar policies on the market,” said Mozo Experts Choice Awards judge, Peter Marshall.

Of the 25 different insurers that our expert judging panel carefully assessed and critiqued, one stood out across the board. For the 2nd year in a row, NobleOak has taken out the title of Life Insurer Of The Year, winning more awards than any other insurer across both the Exceptional Value and Exceptional Quality categories. 

So if you're looking for quality life insurance that doesn't cost the earth, take a look at the Mozo expert review of Noble Oak below to see why they've won Life Insurer of the Year for two years running.

Mozo Experts Choice Life Insurer of the Year

NobleOak Life Insurance*
  • Comprehensive cover up to $15 million, plus Funeral Advance Benefit of $15,000

  • Claims processed within 5 business days on average

  • Bonus first month free (ends 04 Jan 2021)

What impressed our experts

First established 140 years ago, Noble Oak is one of Australia’s longest-standing life insurers. NobleOak's mission is to make life insurance more affordable and accessible, and its Premium Life Direct policy has extensive policy coverage and features that you don't have to pay through the nose for. You can start your cover aged between 16 and 69, with guaranteed renewal up to age 99 on up to $15 million in coverage (with higher levels of cover considered on request).

NobleOak Premium Life Direct Income Protection Insurance*
  • Insure up to 70% of your pre-tax income (up to $30,000 per month)

  • Protect your income for 2 years of up to age 65

  • Receive the first month free (ends 04 Jan 2021)

What impressed our experts

After gathering a range of quotes for different demographics (including age, gender, profession and risk level), the Mozo experts were particularly impressed with both the value and the quality of NobleOak’s Premium Life Direct policy. With this policy you can choose either a 30 or 90 day waiting period, a benefit period of 5 years or to age 65, plus there’s a generous maximum cover benefit of up to $30,000 per month (up to 70% of your pre-tax income).

* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

^See information about the Mozo Experts Choice Life insurances Awards

Why choose a Mozo Experts Choice Awards Winner?

Income protection insurance policies are designed to protect your income, should you fall ill or become injured. In fact, you could think of it as a ‘worst case scenario’ safety net. 

For this year’s Mozo Experts Choice Awards our research team looked at pricing and benefits for 25 different insurers in Australia, to determine the winners. By gathering quotes and comparing benefits, we were able to identify the cream of the crop.

Each policy was judged on its value and quality. For both awards the judges gathered quotes for a range of Aussie professions and demographics, including age and gender.

Key criteria for the Exceptional Value award was cost, waiting periods (one or three months were considered) and benefit periods (one or two years). For Exceptional Quality, policies that did not offer cover for partial disability, excluded mental health conditions and overseas events were not taken into consideration.

How to take out a life insurance policy with NobleOak

After a life insurance or income protection policy with Mozo’s 2020 Life Insurer Of The Year, NobleOak? All you need to do is follow these three simple steps:

Get a quote: from NobleOak’s insurance specialists on the NobleOak website.

Apply online: Once you’re happy with your quote, you can apply online by filling out your personal details and selecting which cover you want.

Get covered: NobleOak will assess your application keeping you in the loop on its progress and get back to you with the outcome. Should NobleOak require you to take any medical tests, they’ll cover the cost.

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