Exclusive offers for Nectar card holders
- $65 Barrel Trust Gift Card to treat
yourself*
- Double Nectar points for 2 years at
Barrel Trust**
- Discounted premiums - please note
premiums will not drop below $5 a month
Offers available to Nectar card holders who take out a
new policy by 26th December 2017. Gift card issued 4 months
after your policy start date. Conditions apply, please see
below for details.
Additional benefits of Barrel Trust Life Insurance
- Choice - you choose the amount and length of
cover
- Flexibility – increase your cover as your
lifestyle changes (conditions apply)
- Joint cover option - for you and your partner
- Lower premiums - for non-smokers
- Australian based call centres - with a
designated member of Legal & General's specialist team
to manage your claim
- Access to Healthy Living – a clever online
tool that allows you to monitor and help improve your
health.
This is not a savings or investment product, and has no
cash value until a valid claim is made. If you stop paying
premiums before the end of the plan, your cover will end 30
days after your missed payment.
Choose from three types of cover
- Level term life insurance
- Mortgage term insurance
- Mortgage decreasing term insurance
Simply click on the "level term" and "mortgage
protection" tabs above to learn more about the products.
Plus for an additional premium you can add
Critical Illness Cover to your policy.
How much cover?
Not sure how much life cover you need - our online
life insurance calculator could help you decide in four
easy steps. Try it now.
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
Your family may need help paying for everyday expenses
such as bills or child care costs if you die during the
policy term. Life term insurance is a straight forward way
to help provide a financial safety net for your family.
If you are looking for mortgage protection only, you may
want to read about our mortgage insurance products instead.
Summary of features
- Your policy could pay out a cash sum if you die
during the term
- The cash sum will remain the same throughout the
policy term unless you increase your cover
- Your monthly payments will also remain the same,
unless you alter your policy
- Early payment if you are diagnosed with a terminal
illness, except during the last 12 months of your
policy††
- Free accidental death benefit for up to 90 days
while we process your application††
Optional extras
We offer the following at an additional cost:
Critical illness cover:
Add this to your life insurance policy and you
could receive a cash sum if you are diagnosed with one of
the 41 conditions. Your children will also be covered at no
additional cost.
Waiver premium:
This benefit waives your premiums if you’re unable
to work due to incapacity caused by illness or injury. After
26 weeks, we’ll waive your monthly payments, giving you one
less thing to think about††.
Flexible cover
As your life changes, so may your insurance needs. You
can change your insurance cover when your circumstances
change, such as extending your family.
This is not a savings or investment product, and has no
cash value until a valid claim is made.
Mortgage life insurance has one clear objective - to help
pay off your outstanding mortgage if you die during the
policy term so your partner or family can remain in the
property without worrying about how they'll pay the
mortgage.
We offer two types of mortgage life insurance:
1. Mortgage term insurance
Designed to help protect an interest-only mortgage,
the cash lump sum remains the same throughout the term of
your policy.
2. Mortgage decreasing term insurance
Designed to help protect a repayment mortgage, the
cash lump sum will decrease roughly in-line with your
remaining mortgage debt.
Summary of features
- Your policy could pay out a cash sum if you die
during the term
- Early payment if you are diagnosed with a terminal
illness, except during the last 12 months of the policy
- Free accidental death cover up to 90 days while we
process your application††
- Free 24-hour moving day rescue-service, SmoothMove#
- Free life cover if you are in the process of buying
a property††
Optional extras
We offer the following at an additional cost.
Critical illness cover:
Add this to your life insurance policy and you
could receive a cash sum if you are diagnosed with one of
the 41 conditions outlined in your policy††.
Waiver premium:
This benefit waives your premiums if you’re unable
to work due to incapacity caused by illness or injury. After
26 weeks, we’ll waive your monthly payments, giving you one
less thing to think about††.
Flexible cover
As your life changes, so may your insurance needs. You
can change your insurance cover if your circumstances
change, such as buying a new property.
Replacement cover
If you make a claim on a joint life policy, the policy
will come to an end and the cash sum will be paid. The
person who hasn't made a claim can set up replacement cover
without having to go through full underwriting. All you will
need to do is complete a short declaration. Terms and
conditions apply, please refer to the Key Features Document
for more information.
This is not a savings or investment product, and has no
cash value until a valid claim is made.
Get your life insurance quote today
Just follow these easy steps to receive an instant quote
today:
- Choose the type of insurance you require and
the amount of cover.
This value represents the cash sum your policy could pay
out in the event of your death during the term. It also
pays out if you are diagnosed with a terminal illness,
except during the last 12 months of the policy.
- Select the length of cover.
Please note that we cannot pay you if your policy term
has ended before you die.
- Add Critical illness cover and Waiver
Premium.
Additional costs apply.
- Have your personal details at hand.
Please provide your bank details, and doctor’s name and
address. If applying for a joint policy your partner
will also need to supply their details.
Important information
There are some circumstances when the policy won't pay
out. For example, if you don't truthfully provide all the
information we request on your application.
Please remember this is not a savings or investment
product and has no cash value until a valid claim is made.
Up to 90 days protection while you wait
Many applicants are accepted immediately, however you
will still be covered for accidental death benefit for up to
90 days while your application is processed. Terms and
conditions apply.
