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Are you an Australian high-net-worth individual or financial adviser looking for Indexed universal life insurance policies?
Guaranteed universal life cover for Australian clients
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Universal life insurance can be a great way to protect your family and loved ones in Australia. It is a flexible policy that can be tailored to meet your individual needs. It offers tax advantages and can provide a source of liquidity for your estate.
However, it is important to consider the tax implications of a universal life insurance policy. If you live in Australia and are considering a universal life insurance policy, it is important to speak to an expert to ensure you get the tax and planning advice you need to make sure your policy works for you. We work with wealth managers, trustees and premium finance companies to give you all the options you may want.
Get a universal life insurance quote for Australia today to get started by completing the form below.
Still have questions? Read our questions and answers or get in touch.
To receive a quote for universal life insurance in Australia, please provide us with the following information:
Once we receive this information, we will be able to provide you with a quote within 24 hours. To get started, simply reach out to us using the contact form at the bottom of this page. We look forward to assisting you with your life insurance needs
Yes, Australian residents can invest in indexed universal life insurance, also known as IUL. An IUL can supplement retirement income and estate planning needs.
All the policies supplied to Australian financial advisers by Capital for Life are single-life policies. We do not offer joint life second death policies or survivorshp policies.
Some life insurance companies offer universal life insurance to Australian residents with no medical. But if you want life insurance coverage of $5m or more, you will need a medical. Capital for Life Australia has an approved list of medical clinics in Sydney and Melbourne that clients can attend.
You can borrow against the cash value of your life insurance policy if you are an Australian resident. Loans secured against your life policy typically have lower interest rates because you are using the policy as collateral. You can either take the policy to a bank to borrow money and pledge it as collateral, or take a loan directly from the insurance company itself.
Popular reasons why Australian's take a life insurance policy loan are to:
Yes, it is possible for Australian residents to obtain financing for their universal life insurance policy. This premium financing can be for up to 100% of the policy's cash surrender value and is subject to underwriting. However, it's important to note that this financing strategy may not be suitable for all types of Australian financial planning and it's recommended to consult with a tax adviser before proceeding. Capital for Life can make a suitable introduction upon request.
Universal life cover with a death benefit from $1m upwards can be bought by an Australian high-net-worth resident.
Yes, you can use Capital for Life for all your international life insurance and financing solutions. We partner with Australian financial advisers, wealth managers, and trustees who use our solutions with their high-net-worth private clients.
Yes, Capital for Life serves high-net-worth clients across Australia and can assist with finding a suitable universal life insurance policy. Our team works with global partners and professional advisers to design a solution that meets the specific needs of each client. While we do not offer advice on specific universal life insurance products, we are dedicated to helping our Australian based clients find the coverage they need. Contact us today to learn more about the universal life insurance options available to high net worth individuals in Australia.
Universal life insurance (ULI) quotes are available in most countries in the Australasia region. Some examples of countries where you can get a universal life insurance quote include:
It is worth noting that the availability and terms of universal life insurance may vary across southern hemisphere countries. It is recommended that you speak with an insurance professional at Capital for Life to learn about the specific options available in the country where you live.
Learn more about universal life cover across Australasia from Capital for Life
Capital for Life offers universal life insurance services in Australia. Our services include policy comparison, cost calculation, and understanding policy features to find the best fit for your client. We also provide tax advisory, trustee, and premium financing services to ensure correct ownership and financing of the policy. Contact us for more information on our universal life insurance options across Australia.
According to data published by the World Health Organisation (WHO) in 2020, the average life expectancy in Australia is 83 years. Male life expectancy in Australia is 81.3 years, while female life expectancy is 84.8 years. Australia ranks 7th in the world for life expectancy. These statistics are based on the latest available data and are subject to change over time.
Life expectancy for Australia is an important factor for life insurance companies when determining the premium rates for their policies issued to Australian residents. A person's life expectancy plays a role in calculating the risk level associated with insuring them, as the longer a person is expected to live, the more likely they are to make a claim on their policy. As a result, life insurance premiums are typically lower for individuals with a higher life expectancy and higher for those with a shorter life expectancy. By understanding the average life expectancy in Australia, life insurance companies can better evaluate the risk associated with offering coverage to residents of Australia and adjust their premiums accordingly. Australia is classed as an 'A' risk rated country by many international life insurers meaning it is deemed a high life expectancy country.
From Sydney to Melbourne and the rest of Australia and beyond, Capital for Life provides life insurance cover for up to $165m for high net worth clients. Australian financial planners with clients in Melbourne, Sydney, Brisbane, Perth, Adelaide, Canberra, Hobart and Darwin can use universal life insurance with their clients.
How much life insurance can I get if I live in Australia?
Index universal life insurance, guaranteed universal life insurance and end-to-end support and service for financial advisers in across Australia. Trust us to support your protection business.
You will need a minimum of US$50,000 per year to save into a universal life policy to provide the benefits a UL policy can offer. All universal life insurance policies offer lifetime and death benefits in US dollars only.
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