Straight answers about life insurance, TPD, and income protection — no jargon, no runaround. If you don't see your question here, just ask us directly.
Yes In most cases, yes — life insurance, TPD, and some income protection policies can be held inside your superannuation fund and paid from your super balance. This means the premiums come out of your super rather than your take-home pay, which many FIFO workers prefer.
There are some important trade-offs to understand though. Income protection held inside super may have a shorter benefit period or different tax treatment compared to a policy held outside super. TPD definitions can also be more restrictive when held inside super.
It depends on the type of cover and how it's structured:
Income Protection: Generally Yes Premiums for personally-held income protection insurance are generally tax deductible in Australia, because the benefit you'd receive is also treated as taxable income.
Life Insurance & TPD: Generally No Premiums for life cover and TPD held outside super are usually not tax deductible, as the payout is typically tax-free.
Held inside super: The super fund may be able to claim a tax deduction, which is one reason super-funded premiums can be cost-effective.
Not always — and often not at all for standard cover amounts. Many life insurance applications in Australia are assessed on a health questionnaire only, with no blood tests or GP visits required.
Whether a medical is required depends on a few factors:
Cover amount: Higher cover amounts (typically above $1M–$2M for life cover) may trigger a requirement for blood tests or a medical exam.
Your age: Older applicants or those applying for high income protection benefits may face additional requirements.
Health history: If your questionnaire flags certain conditions, the insurer may request medical records or a GP report — but this is handled by the adviser and is part of normal underwriting.
Yes Yes — this is exactly what we specialise in. Underground mining, explosives handling, drilling, and other high-hazard FIFO roles can be covered. The key is knowing which insurers will cover your occupation and at what premium loading.
Not all insurers treat hazardous occupations the same way. Some will decline outright or apply heavy premium loadings for underground workers, shot firers, or those working with explosives. Others — particularly those who understand the mining sector — will offer reasonable cover.
Because we work with multiple Australian life insurers, your adviser can identify who offers the best terms for your specific role, rather than just going with whoever happens to offer standard FIFO cover.
It varies — and it's often more affordable than people expect, especially when structured correctly. The cost depends on:
Your age: Younger applicants pay lower premiums. The cost of waiting increases significantly as you age.
Your occupation: Hazardous occupations like underground mining typically attract a higher premium loading than, say, a site administrator. But the difference between insurers can be substantial — which is why comparing multiple providers matters.
Cover amount and type: Life cover for $1M is cheaper than $2M. Income protection benefit amounts, waiting periods, and benefit periods all affect the premium.
Smoker status and health: Non-smokers pay significantly less. Certain health conditions can result in exclusions or loadings.
No fees No — there are absolutely no fees to you. FIFOlife and Nexa Life Solutions operate on a commission basis, meaning the insurer pays the adviser a commission when a policy is taken out. You pay nothing on top of your insurance premium.
This is standard practice for personal insurance advice in Australia and is fully disclosed as required under the Corporations Act. Your adviser is obligated to act in your best interests under the Best Interests Duty legislation.
Your situation is unique. A Nexa specialist will call you, answer your questions, and compare policies from multiple Australian life insurers — no fees, no obligation.
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