Often, people who ask me to get life insurance are those who have a hard time getting it due to pre-existing health conditions. If they don’t have existing insurance (inside or outside superannuation), workcover then all they have left is health insurance but this is in no way the same as income protection or life insurance and would not be enough.

Possible solutions could be workcover (icare) but you need to check eligibility, accident only cover (which excludes illness), automatic default group cover without underwriting (often through superannuation) however they have restrictive terms of payment on pre-existing health conditions.

Contact us, your financial adviser or insurance broker for a further discussion as they may be able to obtain favourable insurance terms for you.

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