Life Insurance for Tradies – Covermate Life

Working as a tradie is rewarding, but it’s also physically demanding and carries risks that many office workers never face. Whether you’re a plumber, electrician, carpenter, builder, painter, tiler, concreter, or mechanic, having the right life insurance in place can help protect your family and financial future if something unexpected happens.

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At Covermate Life, we help tradies across Australia explore their life insurance options with leading insurers — saving time, money, and paperwork.

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Why Life Insurance is Important for Tradies

Tradies often work with heavy tools, high-risk environments, and long hours. Unlike employees in office jobs, there’s usually no safety net such as employer-paid death cover, sick leave, or income protection.

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Life insurance can help provide:

• Financial security for your family if you pass away.

• Income replacement if illness or injury stops you from working.

• A lump sum benefit if you suffer a total and permanent disability.

• Funds to pay off mortgages, car loans, or business debts.

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Types of Cover Tradies May Consider

1. Life Insurance – Pays a lump sum benefit to your family or dependants if you pass away.

2. TPD Insurance (Total & Permanent Disability) – Provides a lump sum if you suffer a permanent disability and can’t return to work.

3. Income Protection Insurance – Can replace a portion of your income if illness or injury prevents you from working.

4. Trauma (Critical Illness) Cover – Pays a lump sum on diagnosis of serious conditions such as cancer, heart attack, or stroke.

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Common Challenges for Tradies Getting Cover

• Occupation risk ratings: Some insurers view trades as higher risk than office jobs, which can affect premiums.

• Income proof: Self-employed tradies may need to provide BAS statements or tax returns.

• Physical health: Injuries, smoking, or a high BMI may impact costs.

• Premium types: Stepped vs level premiums can affect long-term affordability.

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How Covermate Life Supports Tradies

Covermate Life works with Australia’s leading insurers — including AIA, MLC, TAL, Zurich, OnePath, ClearView, and MetLife. This allows tradies to:

• Compare multiple policies in one place.

• Explore different options for cover types and premiums.

• Save time on paperwork and applications.

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On average, our clients have found they can save 25–50% compared to their existing policies after reviewing their options.

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Back to Life Insurance by Occupation

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General Advice Only

The information on this page is general in nature and does not take into account your personal objectives, financial situation, or needs. Before acting on this information, consider whether it is appropriate for you. We recommend seeking personal advice before making any decisions about life insurance.

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Get Started Today

Whether you’re a plumber, electrician, carpenter, painter, or any other tradie, life insurance can help protect the people who rely on you most.

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FAQ 

1. Do tradies need life insurance?
Yes. Tradies often work in high-risk environments, and life insurance can help provide financial protection for your family if something happens to you.

2. What types of insurance are best for tradies?
Tradies often consider life insurance, income protection, TPD cover, and trauma insurance. Each serves a different purpose and can provide peace of mind.

3. Is income protection important for tradies?
Yes. If you can’t work due to illness or injury, income protection can replace part of your income. This is particularly important for tradies who rely on physical work.

4. Are premiums higher for tradies?
Some insurers charge higher premiums for tradies because of the physical risks involved. Comparing policies can help you find a more competitive option.

5. Can self-employed tradies get cover?
Yes. Sole trader tradies can apply for life and income protection insurance. Insurers may ask for tax returns, BAS statements, or accountant’s letters to confirm income.