Northern Territory

Our online presence allows us to deliver fast, accurate and transparent life insurance quotes for the Northern Territory where we have had a number of clients come from in the last 12 months.

Northern Territory

We have put together some information for you to consider when deciding on your life insurance options:

  1. Stamp Duty
  2. Life Expectancy
  3. Life Insurance Quote
  4. Trauma Insurance Premium Example
  5. TPD Insurance Example Quote
  6. Income Protection Premium Estimate

Stamp Duty

Cover Type Stamp Duty Included in Base Premium of Additional Charge
Life Cover (stand alone or linked)

5%

Included in Base Premium

Accidental Death (stand alone or linked)

10%

Additional Charge

TPD Cover (stand alone or linked)

10%

Additional Charge

Accidental TPD Cover (stand alone)

10%

Additional Charge

Trauma Cover (stand alone)

10%

Additional Charge

Child Cover

5%

Included in Base Premium

Life Expectancy

A male born in the Northern Territory in 2011 has a life expectancy of 74.9 years, compared to females born in 2011 who have a life expectancy of 80.5 years.

In 2011 there were 964 deaths, with a median age at death of 61.9 years.

NT Population

NT Number of Deaths

Life Insurance Quote Estimate

Gender Male Female
Age 30 30
Level of Cover $1,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State

NT

Premium Style Stepped Stepped
Monthly Premium Amount $46.48 $33.55

Trauma Insurance Premium Example

Gender Male Female
Age 30 30
Level of Cover $1,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State

NT

Premium Style Stepped Stepped
Monthly Premium Amount $110.81 $112.83

TPD Insurance – Example Quote

Gender Male Female
Age 30 30
Level of Cover $2,000,000 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State

NT

TPD Definition Own Own
Occupation Accountant Accountant
Premium Style Stepped Stepped
Monthly Premium Amount $97.24 $97.24

Income Protection – Premium Estimate

Gender Male Female
Age 30 30
Monthly Benefit $6,250 $1,000,000
Smoking Status Non-smoker Non-smoker
Home State NT NT
Premium Style Stepped Stepped
Insurance Type Indemnity Indemnity
Waiting Period 30 Days 30 Days
Occupation Accountant Accountant
Benefit Period To Age 65 To Age 65
Monthly Premium Amount $63.18 $93.98

Please note these are example quotes only and may not be indicative of actual premiums or cover for life, trauma, TPD and income protection insurance .

Source: Australian Bureau of Statistics 31 July 2013, ClearView Risk View 8 July 2013

Published: August 9, 2013

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