Avant Life Insurance
Whether you want to choose cover yourself or get personalised advice, Avant Life Insurance can help you find the right solution. Use our Life Insurance Selection Tool for an instant quote or speak with an Avant financial adviser.
Life insurance, designed for doctors
Doctors face risks that are different to most professions.
Avant applies decades of experience supporting doctors to help protect your income, family, and future, with life insurance options that reflect how you work and live.
Avant exists for doctors, with a long history of supporting the risks that come with medical practice. That same specialist understanding applies to life insurance.
Expert guidance
Benefit from the knowledge of a experienced life insurance adviser. Ensure that every aspect of your financial situation is considered.
Choice of insurers
Access a wide range of life insurance options from Australia’s leading insurers.
Personalised solutions
Receive a tailored life insurance plan that aligns to your specific needs.
Time-saving convenience
Enjoy a streamlined process and expert advice without the hassle.
What we can help with
For you and your family
Life cover
In the event of death or terminal illness, life cover can provide a lump sum benefit.
Income protection
When illness or injury prevents you from working in your occupation or any occupation, income protection cover supports you by paying a monthly benefit.
Trauma cover
If you suffer from one of the listed major health events, trauma cover can provide you with the financial resources to make lifestyle or career adjustments to help you recover.
Total and permanent disablement cover
When an illness or injury permanently prevents you from working in your occupation or any occupation, TPD cover can provide a lump sum benefit.
For your practice
Key person insurance
Key person insurance involves taking out life insurance covers with the business owning and paying for these policies to protect its financial position should something happen to a key person.
Buy-sell agreements
This agreement determines what happens to a business partner’s shares when they depart the business for specific reasons outlined in the agreement, such as retirement, death, or permanent disability.
Business expense cover
Business expense cover safeguards operational continuity if an owner becomes too sick or severely injured to work. It typically covers expenses for office rent, most loan payments and utility bills.
Insurance tailored to your career stage
No two stages of a medical career look the same. That is why our life insurance range is structured around the real risks doctors face at every stage.
Life Cover
Protecting your future. In the event of death or terminal illness, Life Cover can provide a lump sum benefit.
Income Protection Cover
When illness or injury prevents you from working in your occupation or any occupation, Income Protection Cover supports you by paying a monthly benefit. Find out more
Life Cover
Protecting your future. In the event of death or terminal illness, Life Cover can provide a lump sum benefit.
Total and Permanent Disablement (TPD) Cover
When an illness or injury permanently prevents you from working in your occupation or any occupation, TPD Cover can provide a lump sum benefit.
Income Protection Cover
When illness or injury prevents you from working in your occupation or any occupation, Income Protection Cover supports you by paying a monthly benefit. Find out more
Life Cover
Protecting your future. In the event of death or terminal illness, Life Cover can provide a lump sum benefit.
Total and Permanent Disablement (TPD) Cover
When an illness or injury permanently prevents you from working in your occupation or any occupation, TPD Cover can provide a lump sum benefit.
Trauma Cover
If you suffer from one of the listed major health events, Trauma Cover can provide you with the financial resources to make lifestyle or career adjustments to help you recover.
Income Protection Cover
When illness or injury prevents you from working in your occupation or any occupation, Income Protection Cover supports you by paying a monthly benefit. Find out more
Children's Cover
If your child suffers a serious illness, injury or major health event, Children’s Cover can provide you with the financial resources to ensure you or your family can be there for your child and still provide for your family.
Life Cover
Protecting your future. In the event of death or terminal illness, Life Cover can provide a lump sum benefit.
Total and Permanent Disablement (TPD) Cover
When an illness or injury permanently prevents you from working in your occupation or any occupation, TPD Cover can provide a lump sum benefit.
Trauma Cover
If you suffer from one of the listed major health events, Trauma Cover can provide you with the financial resources to make lifestyle or career adjustments to help you recover.
Income Protection Cover
When illness or injury prevents you from working in your occupation or any occupation, Income Protection Cover supports you by paying a monthly benefit. Find out more
Children's Cover
If your child suffers a serious illness, injury or major health event, Children’s Cover can provide you with the financial resources to ensure you or your family can be there for your child and still provide for your family.
Business Expense Cover
Will protect your share of the everyday costs of running your practice, if you are prevented from practising due to illness or injury.
Please note: Business Expense Cover is only available through our Personal Life Insurance Advice channel.
Whether in search of information on life insurance to protect your family and yourself, or to protect your practice, Avant has created two tailored guides to assist you in making the right choice.
eBook: The Avant Guide to Life Insurance
To support you in your search for life insurance products, we are introducing the Avant Guide to Life Insurance.
In this eBook, you'll learn about the main life insurance products, cover definitions, different types of premiums, what to expect in the application process, frequently asked questions about life insurance and more.
eBook: The Avant Guide to Life Insurance for Business
Avant understands that doctors face many challenges when setting up their practice, from maintaining daily operations to ensuring long-term business continuity - and we want to help.
To support you in navigating the complexities of using life insurance policies to protect your practice, we are introducing the Avant Guide to Life Insurance for your Business
Without the right support, finding the right income protection or life insurances can be time consuming, confusing and challenging. To make life easier, Avant provides two ways for doctors to get cover.
1. Online through the LIST
The Avant Life Insurance Selection Tool (The LIST) puts a curated list of life insurance providers at your fingertips. We’ve done the hard work for you by assessing leading life insurance providers and have developed a shortlist of leading providers, whose life policies, features and benefits we believe doctors will value.
Compare, select, apply.
2. Talk to an adviser
For advice tailored to your personal circumstances or to check whether your existing cover is still right for your current and future needs, talk to someone who really understands doctors – an Avant personal insurance adviser.
Since 1893, when a small group of doctors formed a mutual medical defence organisation, Avant has had one simple objective in mind, to support doctors.
Over the years, and through our in-depth understanding of doctors, we developed and offered products that have been designed with doctors in mind. In addition to professional indemnity and health insurance, we have evolved to provide members with products and services such as practice technology, life insurance, life insurance advice and lending that can support them throughout their life and career.
Over the years, we continued to adapt and reinvent our products to keep up with changes in the insurance markets and changes to the regulatory regime. But always ensuring that the products’ features and benefits were of value to doctors.
What is the Doctors’ Life Insurance Selection Tool?
That’s why since October 2021 we changed our life offering. We moved from one product offering to providing doctors a choice of products from a range of life insurance providers, whose life policies, features and benefits we think doctors will value.
The Doctors’ Life Insurance Selection Tool (LIST), is an online comparison tool that makes it easy for you to compare, select and apply for life insurance cover by putting a curated list of suitable providers at your fingertips. All you need do is go to our website, enter some information, compare the policies including their features and price and consider if one of them is right for you.
Prior to October 2021, Avant Life Insurance provided a life insurance plan directly to members. This product is no longer available to new customers but cover for existing customers continues and, in some circumstances, allows changes to your cover. For more information on the Avant Life Insurance Plan, including how to contact us, please see Avant Life Insurance Plan.
Doctors Financial Services (DFS) provides both general and personal advice. The Doctors’ LIST service only provides general advice.
General advice does not consider your objectives, financial situations or needs. You should consider whether the product is appropriate for you and the Product Disclosure Statement and Target Market Determination for the relevant product before deciding to purchase or continuing to hold a policy or plan.
The LIST service is designed with doctors, medical specialists, and allied health professionals in mind, including their partners. Our financial advisers can also assist.
The level of life insurance cover you need will vary based on your individual circumstance. Tools such as the Avant Life Insurance Needs Calculator may help guide you on how much cover you should consider. Or you can speak with an Avant Life Insurance Adviser.
Doctors Financial Services is part of the Avant Group who has been protecting doctors for over 130 years. Our vision is to be the most trusted professional partner in supporting doctors throughout their lives and careers.
We understand that sometimes we go through difficult phases in our lives where we may need additional assistance and care. And that everyone’s individual situation and circumstances are different.
Experiencing vulnerability?
Vulnerability can come in many unique forms. This includes illness, poor mental health, aging, loss of income, and changes in community, family or personal circumstance. Other factors such as the loss of a loved one, disability, financial distress, and language or literacy barriers can also present challenges.
We are committed to taking extra care to support our vulnerable customers and to treating you (and your family, carer or support person) with empathy, compassion and respect.
If you’re in need of extra assistance, we have information, tools and services that you may find helpful.
What can you do if you're experiencing financial hardship?
Unplanned events can leave you in a financial position that you didn’t expect. These may include:
- injury or illness
- unexpected changes in income or expenditure
- a relationship breakdown or death in the family
- a natural disaster such as floods or fire
- situations of family and domestic violence
If you require support or assistance during this time, please don't hesitate to get in touch with our Customer Service team on 1800 128 268. We can talk you through the options that may be available to help you through a difficult time. Or, you may wish to speak with your financial adviser.
If you have Avant Life Insurance, we may be able to help with:
- reviewing your benefits or the amount of cover you have to reduce your premium
- assisting you to make changes to your policy
- discussing different payment options.
You may need to provide supporting documentation to assist with your application.
What other support is available?
A range of free external support services are available to all Australians facing challenging personal circumstances and in need of help.
Doctors Financial Services Family and Domestic Violence Policy
If you, or your family are in immediate danger always call 000.
1800RESPECT
National 24-hour domestic and family violence and sexual assault line
Call 1800 737 732
Lifeline
24/7 counselling and referral service for people in a crisis
Call 13 11 14
Beyond Blue
24/7 support to people experiencing anxiety or depression
Call 1300 224 636
National Relay Service
Help if you are deaf or find it hard hearing or speaking with people who use a phone
Call 1300 555 727
SMS relay number 0423 677 767
13Yarn
A confidential 24/7 helpline service with Lifeline-trained Aboriginal & Torres Strait Islander Crisis Supporters
Call 13 92 76
MensLine Australia
24/7 support, information, and referral service for men with family and relationship issues
Call 1300 78 9978
National Debt Helpline
A free, confidential service to help people in financial difficulty
Call 1800 007 007
Drs4Drs
Drs4Drs promotes the health and wellbeing of doctors and medical students across Australia
Call 1300 374 377
TIS National
The Translating and Interpreting Service is provided by the Department of Home Affairs for people who do not speak English and for agencies and businesses that need to communicate with their non-English speaking clients.
(24 hours, every day of the year)
Immediate phone interpreting Within Australia 131 450 Outside Australia +613 9268 8332
Supporting members during difficult times
Avant’s vision is to support our members throughout their lives and careers, which puts your wellbeing central to our purpose. If you're facing vulnerability or financial hardship and wish to speak to us, our team is here to support you. Contact our Business Support Team to discuss your options on 1800 128 268
Avant's Health and wellbeing library also contains a range of resources, support and advice to support you, including our comprehensive list of key support services available in Australia.
Existing Avant Life Insurance Plan policy holders
The Avant life insurance plan closed to new customers in October 2021. If you are an existing plan policy holder you can continue to receive secure cover, with options to adjust or increase your existing protection (if eligible).
For policies from other insurers arranged by Avant, please contact us to discuss your cover.
IMPORTANT: The information provided on this website is general advice only and has been prepared without taking into account your objectives, financial situation and needs. You should consider these, having regard to the appropriateness of this advice as well as the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a decision to acquire a financial product.
The life insurance products presented on the Avant Life Insurance Selection Tool (LIST) should not be regarded as representative of all life insurance products that may be available to you. The selection is for illustration purposes only and should not be regarded as an endorsement or recommendation by Avant Life Insurance to take out any of the life insurance policies presented, as we have not considered any of your objectives, financial situation or needs in providing you with these estimated premiums. The LIST can be used to obtain an estimate of premiums for the life insurance products compared. The provision of estimated premiums does not constitute an offer of insurance. Avant Life Insurance is not able to bind any insurer or ensure that any insurer sells any product to you. Accordingly, nothing on this website amounts to an offer by us or any insurer to sell any product to you or enter into any contract with you.
The LIST compares the prices and some of the features of the life insurance products. However, it does not compare all of the features or benefits of each product, nor the relevant policy coverage, which should be considered before making any decision. When reviewing a product you should consider whether the product is appropriate for you and read the relevant PDS and TMD before deciding to purchase or continuing to hold a policy or plan. The PDS and TMD for each product are available by contacting us on 1800 128 268. Before using the LIST you should read our Financial Services Guide for detail about who we are, how we are remunerated and how the LIST works. Information on this website does not constitute legal or professional advice, and is current as at the date of initial publication.
This service is provided by Avant Life Insurance. “Avant Life Insurance” is a registered business name of Doctors Financial Services Pty Ltd ABN 56 610 510 328 AFS Licence Number 487758 (DFS).