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Firefighting is a very noble profession, with plenty of risks involved as part of the job. Whether you’re employed full-time or are a volunteer firefighter, knowing that your loved ones can be taken care of financially can give you greater peace of mind, which you can get through an appropriate life insurance policy.
Comparing life insurance plans through Savvy is quick and simple. You’ll be able to consider a variety of offers from some of Australia's top insurers side-by-side to help you determine whether you can access the coverage you’re looking for and which policy may be best for you. Get started with a free online quote through us today.
Can I purchase life insurance as a firefighter?
Whether you can purchase life insurance as a firefighter will depend on your insurer’s terms and conditions. Providers will typically grade different occupations based on the level of risk they pose, with firefighting often among the riskiest. As such, many insurers will deny life insurance applications made by firefighters. Medical professionals such as dentists, doctors and nurses and truck drivers are among those considered high-risk, but cover is often more readily available to these professions.
However, this isn’t the case across the board. There may be insurers in the market who are able to offer policies to full-time or volunteer firefighters under certain conditions, such as with significant loadings or exclusions attached.
If you’re unsure about whether you can be covered, it’s worth filling out a free, no-obligation online quote through Savvy so you can compare any available offers based on your profile. Once you’ve done this, you can speak to a life insurance expert who can talk you through what your options may be.
What types of life insurance may be available to firefighters in Australia?
If your profile is accepted by your insurer, there are four types of life insurance which you may be able to choose from. These are:
- Life cover: this is the most common form of life insurance, which can pay out a lump sum to your beneficiaries in the event of your death or terminal illness diagnosis. This payout, which has no defined upper limit, can provide financial support for your loved ones to cover expenses such as funeral costs, outstanding debts and ongoing living expenses.
- Total and permanent disability (TPD) cover: this type of insurance can pay out a lump sum of up to $3 million to $5 million if you become permanently disabled due to a covered illness or injury and are unable to work again. This can apply either to your current position or any position suitable for your experience, education and training (known as Own and Any Occupation, respectively).
- Trauma cover: this type of insurance can pay out a lump sum of up to $2 million if you’re diagnosed with a critical illness or suffer a major injury, such as a heart attack, cancer or severe head trauma.
- Income protection cover: this type of insurance can provide an ongoing benefit worth up to 70% of your income (subject to your insurer’s terms and conditions) if you’re unable to return to work for an extended period due to injury or illness.
All coverage for these types of insurance will be subject to your insurer’s discretion and terms and conditions, so it’s important to be across the fine print before you buy your policy if you’re eligible to purchase one.
Types of life insurance
Life cover can pay a nominated beneficiary a lump sum if you’re diagnosed with a terminal illness or pass away. This type of insurance can provide your immediate family or another loved one some financial assistance to cover funerals, medical costs and day-to-day expenses.
If you’re injured or too sick to work for an extended period, income protection insurance is designed to help you focus on your recovery. You can be covered for up to 70% of your usual wage for a chosen period, such as five years or up to age 65, depending on the level of coverage you buy.
This type of insurance is designed to offer cover to those who are permanently disabled by injury or illness and are no longer able to work. You can choose to take out cover for an inability to work in your current job or in any role suited to your qualifications.
Trauma insurance is a type of policy which provides you with a lump sum payment in the event of a critical illness or major accident. The conditions eligible for claims will be outlined in your insurer's PDS, but can include cancer, heart disease, severe head trauma and cardiovascular disorders.
Why compare life insurance through Savvy?
Frequently asked questions about life insurance for firefighters
Helpful life insurance guides
Life insurance by your condition & profile
Compare life insurance options aligned to your medical condition and profile and receive no-obligation quotes from some of Australia's leading insurers.
Savvy is partnered with Compare Club Australia Pty Ltd (AFS representative number 001279036) of Alternative Media Pty Ltd (AFS License number 486326) to provide readers with a variety of life insurance policies to compare. Savvy earns a commission from Compare Club each time a customer buys a life insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via Compare Club.
Savvy does not compare all life insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
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