Some information on features


Tailor your cover and choose a package that may include Life, Income Protection, TPD and Trauma. The cover is fully underwritten meaning you have more certainty in the event of a claim. 


Choice to reduce your cover (Life, TPD and/or Trauma) each year meaning your premium adjusts accordingly as your financial commitments reduce over time making your Life Insurance more affordable. 


Claim proceeds are paid to you or your beneficiary (depending on which cover types you select) which could be used in any way you see fit. 

    How does FlexiCover Life Insurance work?

    FlexiCover is issued by NobleOak Life Limited.

  • FlexiCover is a Life Insurance product which enables you to choose to reduce^ your cover each year - for example, as your financial commitments reduce over time. When you do this, your premium adjusts accordingly to help make your Life Insurance more affordable. 
  • In the event of a claim, you or your beneficiary (depending on which cover types you select) would receive a lump sum payment^^ which could be used in any way you see fit, including for example to help to clear the balance of your loan or any other financial commitments.
  • FlexiCover claim proceeds are paid to you or your beneficiary - they are not tied to your financial commitments and the cover remains in place regardless of whether you change your lending arrangements. 

What are you covered for?

  • Pay a lump sum to your nominated beneficiary upon death
  • Advance payment if you are diagnosed with a terminal illness
  • Advance payments to assist with funeral expenses


  • Apply for up to a maximum of $25m cover
  • Terminal illness benefit - your life cover amount is paid upon terminal illness, instead of when you die
  • $15,000 funeral advance benefit (from your Life cover amount)

What are you covered for?

  • Premiums may be tax deductible (your accountant can confirm if this applies to you) 
  • Monthly payment in your benefit period while you can't work due to sickness or injury 
  • Financial support for yourself and your family when you need it most

  • Up to $30,000 monthly benefit depending on your income, for the first 2 years you remain on claim
  • Benefit period: 2 years, 5 years or to age 65
  • Waiting period: 30 or 90 days

What are you covered for?

  • Help protect yourself and your family from financial stress with a lump sum payment if you're permanently disabled from a sickness or injury and unable to return to work


  • Apply for up to a maximum of $5m cover

What are you covered for?

  • Help pay for treatment expenses and lifestyle adjustments with a lump sum payment if diagnosed with a covered critical illness
  • Cover for 37 critical medical conditions listed in the PDS


  • Apply for up to a maximum of $2m cover

This table is a summary of some features only - please see the PDS for full product details.

Get a quote from NobleOak today

Click below to find out more and get a quick quote or call the NobleOak FlexiCover team on 1300 108 490 and mention 'Community First'.

FlexiCover is issued by NobleOak Life Limited. 

This is factual information only (it is not general or personal financial advice). the Target Market Determination for NobleOak's FlexiCover Insurance is available at

Important Information – FlexiCover is issued by NobleOak Life Limited ABN 85 087 648 708 AFSL No. 247302 (‘NobleOak’). Community First Credit Union Limited ABN 80 087 649 938 AFSL/Australian credit license 231204 (‘Community First’) is not responsible for the FlexiCover product. Community First promotes the FlexiCover product under a marketing arrangement with NobleOak but does not provide any financial advice regarding the product. NobleOak Services Limited (wholly-owned by NobleOak) pays Community First an ongoing commission of 15% of premium when products are acquired as a result of the marketing arrangement. This commission is at no additional cost to customers. Further information can be found in the NobleOak Financial Services Guide (FSG) available at

*First month free offer - if you apply for cover and cover is issued you will not start paying premiums until one month after the commencement date of the cover. This offer is available once only per new customer and may not be used in conjunction with any other offer.

**NobleOak awards information found at

^With FlexiCover, Life, TPD, Income Protection and Trauma Insurance covers are available. You can choose for FlexiCover's annual Decreasing Cover Adjustment Feature to apply to your Life, TPD or Trauma cover amounts. It means your cover amount will reduce each year within a range of 0% to 10% as selected by you. 

^^ The FlexiCover suite of life Insurance products includes income protection cover as an available cover - as described in the Product Disclosure Statement, this pays a monthly benefit (rather than a lump sum) if you are unable to continue working due to illness or injury. 

Cover is available to Australian residents and is subject to acceptance of the application and the terms and conditions set out in the FlexiCover Product Disclosure Statement (PDS). This information is of a general nature only and does not take into consideration your individual circumstances, objectives, financial situation or needs. Before you purchase an insurance product, you should carefully consider the PDS to decide if it is right for you. The PDS is available by calling NobleOak on 1300 108 490 or from Clients should not cancel any existing Life Insurance policy until they have been informed in writing that their replacement cover is in place. NobleOak cannot provide you with personal advice, but our staff may provide general information about NobleOak Life Insurance. By supplying your contact details, you are consenting to be contacted by NobleOak, in accordance with NobleOak’s Privacy Policy.

Community First Credit Union LimitedABN 80 087 649 938 | Operating as Community First Bank | AFSL and Australian credit licence 231204| BSB 512-170