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What is life insurance for couples?
Life insurance is a way to help provide financial protection for someone else if you pass away or are diagnosed with a terminal illness1.
For couples, that usually means putting cover in place so your partner has financial support if something happens to you.
With Medibank Life Insurance, cover is set up as individual policies, not a joint policy. Each person has their own cover, which can be updated over time as your situation changes.
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What does Medibank Life Insurance include?
Medibank Life Insurance provides a lump sum payment if you pass away or are diagnosed with a terminal illness1.
This can help with:
- ongoing living costs
- mortgage or rent
- everyday expenses
- short-term costs like funeral expenses
You can also tailor your policy with optional cover, including:
Why choose Medibank Life Insurance?
Medibank Life Insurance policies let you tailor your cover and cover options to suit you and your circumstances, which can be important when you’re managing finances as a couple.
No medical tests required to apply
No medical examinations or blood tests required to apply.
Flexible payment options
You can choose to pay your premium fortnightly, monthly, or annually.
Access to Medibank 24/7 Nurse
Medibank Life Insurance policy owners can chat to a registered nurse over the phone or online and get guidance on what they can do next, at no extra cost.# Call 1800 644 325 or chat online anytime of the day or night, 7 days a week.^
Medibank health members save 10%
Medibank health members save 10% every year on premiums (excludes Recover Boost).
People who matter to you, matter to us too
Medibank Life Insurance helps protect thousands of Australian's families and loved ones, when they need it most.
Over 100,0002
Australians have trusted us to help protect them since 2008.
16+ years
of helping Australians protect what matters most.
2 All Medibank life insurance policies sold as of February 2025. Medibank life insurance products are issued by Zurich Australia Limited ABN 92 000 010 195, AFSL 232510 (Zurich). Policies sold between 2008 and June 2023 were issued by Swiss Re Life and Health Australia Limited (Swiss Re).
Things to consider when getting life insurance as a couple
When couples explore life insurance, there’s often more to think about than a single cover amount. While Medibank Life Insurance is held as individual policies, couples may look at how each policy fits within their shared financial picture.
Some general considerations couples often think about include:
How household finances are shared
Couples may look at how each income contributes to everyday living costs and whether some expenses would continue if one partner were no longer able to contribute to these costs.
Shared financial commitments
Things like a mortgage, rent or other joint debts may still need to be managed by one partner, depending on the situation.
Different roles within the relationship
In some relationships, one partner may earn more, work part‑time, or take on more caring responsibilities. Individual policies allow for different cover amounts based on personal circumstances.
How long cover may be relevant
Couples sometimes consider how long financial support might be needed. For example, while children are dependent or larger debts remain.
Flexibility over time
Because cover is held individually, each policy can be changed separately as circumstances change, such as moving house, starting a family or changing work arrangements.
Medibank Life Insurance doesn’t offer a joint policy, but allows couples to hold separate policies to give them flexibility while still helping support shared financial responsibilities.
This information is general in nature and doesn’t take into account your personal objectives, financial situation or needs.
How to apply for Medibank Life Insurance as a couple?
Applying for Medibank Life Insurance as a couple is quick and easy. If you're both Australian residents aged between 18 and 70, you can each apply for cover online or over the phone. The application process doesn't require medical tests or blood tests.
1. Get a quick quote online
You can get a quick quote online or call our team on 1300 152 271 between 8am – 8pm Monday to Friday (AEST/AEDT) if you'd like to talk to us.
2. Add optional covers to your policy
Tailor your policy with our optional covers like Critical Illness 2, Total and Permanent Disability 2 or Child Cover 2.
3. Purchase online or over the phone
If your application is approved, you can purchase Medibank Life Insurance and be covered on the same day.
How does Medibank Income Protection work for couples?
Life insurance can help support your partner if you pass away or are diagnosed with a terminal illness. Income protection is a form of life insurance that can provide you with a monthly benefit up to a percentage of your income (up to a certain amount), if you’re unable to work due to sickness or injury. The monthly benefit can help you keep up with cost-of-living expenses, like paying your rent, mortgage repayments and everyday bills so you can focus on your recovery.
Like Medibank Life Insurance, Medibank Income Protection is offered as individual policies, allowing each partner to take out their own cover.
Want to talk to us?
Whether you're looking for a new quote or have a question about life insurance, we're here to help. Call us Monday to Friday from 8:00am to 8:00pm AEST/AEDT.
Frequently asked questions
Things you should know
¹ Lump sum payable if you suffer a terminal illness and your life expectancy is 12 months or less. For the definition of terminal illness, please refer to the PDS.
2 For details on the optional TPD Cover, Critical Illness Cover and Child Cover, including definitions and eligibility criteria, please refer to the PDS.
3 Eligibility criteria apply. Please refer to the PDS.
^ 24/7 Medibank Nurse phone service is a separate service offered by Medibank Health Solutions Pty Ltd when you purchase Medibank Life Insurance. Medibank Health Solutions reserve the right to withdraw or change the service at its sole discretion at any time.
# Some referred services may involve out of pocket costs and waiting periods may apply.
Medibank Life Insurance and Medibank Income Protection (collectively Medibank life insurance) are issued by the insurer, Zurich Australia Limited ABN 92 000 010 195 AFSL 232510 (Zurich). NEOS Direct, a registered business name of NDLI Pty Ltd ABN 70 665 747 277 AFSL 547119, distributes and services Medibank life insurance, which is promoted by NEOS Direct's authorised representative Medibank Private Limited ABN 47 080 890 259 (AR No. 286089) (Medibank).
Any advice provided is general only and doesn’t consider your objectives, financial situation or needs. You should consider these factors, the appropriateness of the advice, and carefully read the relevant Product Disclosure Statement (which sets out the product terms, conditions and exclusions), Target Market Determination and Financial Services Guide before making a decision to acquire, or continue to hold, the product.
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