And we’re not talking about the “set and forget” kind. The right cover should be reviewed and renewed proactively, making sure it still matches your needs, your portfolio, and your lifestyle — because things change, and so should your protection.

Thanks to the NobleOak + TaxTank partnership, property investors can now pair award-winning life insurance with game-changing tax tools — helping to protect your wealth, your cash flow, and your future, all while squeezing every last dollar out of your returns.

Why It Matters for Property Investors

Most property investors carry significant debt to leverage growth. It’s smart while you’re here to manage it — but if you’re not, those same debts could sink your strategy. Without life insurance, your family or business partners could be forced to:

• Clear mortgages on investment properties.
• Cover rates, insurance, strata fees, and maintenance without rental income.
• Pay capital gains tax if properties are sold by your estate.
• Sell properties quickly — often at less-than-ideal market prices.

A well-structured life insurance policy ensures the portfolio you’ve built stays intact and continues working for the people you intended it to.

And the perks?

• Peace of mind knowing that some debt is covered to help protect your portfolio.
• Financial breathing room for your family to make smart decisions, not rushed ones.
• Steady cash flow – No rushed sales means tenants stay put and rental income keeps rolling in.
• Simpler estate planning – A clear, tax-efficient payout ensures your portfolio passes on smoothly and your legacy is protected.

How Much Life Insurance Should Property Investors Have?

There’s no one-size-fits-all figure, your cover should match the size and structure of your portfolio, the debts you carry, and your personal obligations. NobleOak recommends using their Life Insurance Calculator and a DIME-style framework (Debt, Income, Mortgage, Education) to work it out.

For property investors, that means factoring in:

• Outstanding home and investment property loans
• Ongoing holding costs such as rates, insurance, strata and maintenance
• Personal debts like credit cards, car loans or business loans
• Future education costs for children or dependants
• A cash buffer for unexpected expenses or market changes

This is why you shouldn’t just set and forget your cover. Portfolios grow, debts shrink (hopefully), and life changes, and your insurance needs to keep up. Give it a regular check-up so it still does the job. Because the last thing you want is a policy stuck in the past when your portfolio’s playing in the big leagues.

Why NobleOak is a Great Choice for Property Investors

Whether you’re sitting on a single rental or juggling a multi-million-dollar portfolio across trusts, companies, or your SMSF, NobleOak has the kind of cover that scales with you. They’re a direct insurer, which means no hefty broker commissions eating into your premiums, often making your cover more affordable. That’s cash better spent on your next reno, not a middleman’s lunch.

NobleOak’s investor-friendly perks include:

• Up to $25 million in life cover — enough to protect even the most ambitious portfolios.
• Fully underwritten policies for crystal-clear certainty when it matters most.
• Flexible ownership options, including inside your SMSF, so your cover works with your investment structure.

That’s why we chose them — not only can you get an instant quote straight from your TaxTank dashboard, but we’re all about keeping every hard-earned dollar in your pocket… and life insurance is no exception.

How TaxTank Complements Your Life Insurance

While life insurance protects your future, TaxTank gives you instant clarity today. With live market values, current loan balances, and up-to-the-minute income and expense performance at your fingertips, it’s never been easier to review whether your insurance cover still stacks up.

TaxTank keeps everything in one place so you can:

• See your full portfolio value in real time — property by property.
• Track loans, repayments, and LVRs without digging through bank statements.
• Monitor rental income and expenses live to spot trends or shortfalls.
• Store every capital cost, borrowing expense, and receipt permanently for compliance.
• Calculate CGT projections on demand so you know the future tax impact of any sale.

Purpose-built for Australian tax laws (no clunky overseas imports here), TaxTank works seamlessly with your accountant to save you money, time, and stress. Pair it with NobleOak’s life insurance, and you’re helping to protect your portfolio from every angle — today, tomorrow, and beyond.

Yes, I Did Say Instant Quote — Here’s How

1. From your TaxTank dashboard, hit the NobleOak icon in the Partner tile, then click “Get a Life Insurance Quote.” Answer a few quick-fire questions – no life story, just the basics.
2. See your quote instantly: Monthly or annual cover options, right there on screen.
3. Check your inbox: You’ll get an email for NobleOak with next steps to either book a quick call or complete the application online.
4. Done and dusted: If accepted, your policy will be  in place, portfolio protected, peace of mind achieved.
   
   

Final Word

Life insurance for property investors isn’t about doom and gloom, it’s about making sure the empire you’ve built doesn’t topple the moment you’re not there to steer it.

With NobleOak, you get high-quality cover that flexes whether you’ve got one rental or a sprawling portfolio. With TaxTank, you’ve got live market values, loan balances, and income performance at your fingertips so you’ll always know exactly how much cover you need, and when to adjust it.

That’s why we teamed up with them. Instant quotes right from your dashboard, zero surprises at claim time, and premiums that keep more cash in your pocket (where it belongs). Your bricks-and-mortar wealth deserves that level of protection, and so do you.

Frequently Asked Questions – Life Insurance for Property Investors

1. I’m a small-scale investor – is life insurance still worth considering?
Even one investment property comes with loans, rates, and running costs. It’s worth asking yourself: if something happened to you, could your family or business partners comfortably cover these without selling?

2. How much cover should I look at?
There’s no magic number. Your ideal cover depends on your debt, holding costs, and lifestyle. NobleOak’s quote tool will provide an indictive monthly or annual premium, and TaxTank keeps the live numbers at your fingertips so you’re never guessing.

3. My rental income covers the mortgage – isn’t that enough?
Sometimes yes, sometimes no. Vacancies, market shifts, or changes to other family circumstances can throw a spanner in the works. Consider whether you’d want extra breathing room built into your safety net.

4. Is life insurance tax-deductible for property investors?
Generally life cover premiums aren’t deductible outside of super funds. Different rules apply for income protection insurances held in your name of course.

5. Does it matter if my properties are in my name, a trust, company, or SMSF?
 It matters for how your cover is structured, but NobleOak offers flexibility across different ownership models. The important part is matching the policy to your actual setup.

6. Why does NobleOak often work out cheaper than some other policies?
They operate as a direct insurer, which can mean fewer middleman costs like broker commissions. That saving can go back into your portfolio, or maybe that long-overdue reno!

7. How do I check my cover still fits my portfolio?
Regularly review your policy against live numbers, including debt, portfolio value, and holding costs. TaxTank makes that easy with instant access to market values, loan data, and income performance.

8. How do I actually get a quote?
 From your TaxTank dashboard, click the NobleOak icon, hit “Get a Life Insurance Quote,” answer a few quick questions, and your monthly or annual options appear instantly – plus you’ll get an email with the next steps.

Any financial product advice is general in nature only and does not take into account your individual circumstances, objectives, financial situation, or needs. Before acting on it, please consider the appropriateness of the information, having regard to those factors. Any third party websites or tools referred to are subject to their own terms and conditions and NobleOak Life Limited makes no representation or warranty as to any information on those websites. Persons deciding whether to acquire or continue to hold life insurance issued by NobleOak Life Limited should consider the relevant Product Disclosure Statement and Target Market Determination for the product. NobleOak Life Limited ABN 85 087 648 708 AFSL 247302.

To break it down, you already pay 2% of your income via the Medicare Levy to fund the public health system. But if you don’t have private hospital health cover and your income is a little too healthy, the ATO charges you up to an extra 1.5% just for not holding a private policy.

Yep – you’re taxed for not buying insurance, even though you’re already taxed for the healthcare system. Make’s sense right.. ?
​

Who gets hit with the Medicare Levy Surcharge?

In 2025 you’re in the firing line if:

• You’re single and your income is over $97,000
• You’re in a couple or family and your combined income is over $194,000
• And you don’t have an eligible private hospital policy

But beware: this isn’t based on your taxable income.

The Medicare Levy Surcharge is calculated on your “income for surcharge purposes”, which includes:

• Taxable income
• Reportable fringe benefits
• Total net investment losses (including net rental losses and financial investment losses)
• Reportable super contributions

So, if you’re a property investor claiming net rental losses or making deductible super contributions, you might think you’re under the threshold – but the ATO’s surcharge formula adds all that back in to reassess your “real” income.

What does that mean? It means you could be hit with the surcharge even if your tax return says otherwise.And if you’re carrying investment losses across multiple properties, it could bite you hard.

What counts as ‘eligible’ cover?

Only hospital cover that complies with government rules.
Extras-only policies (like dental, optical or physio) won’t protect you from the surcharge.

How Bupa + TaxTank Can Save You

We’ve partnered with Bupa, one of Australia’s most trusted names in health insurance, to help you:

Avoid the Medicare Levy Surcharge
Protect your health with real value
Save long-term with a TaxTank exclusive bonus

Why Bupa?

• Wide range of compliant hospital policies to suit your needs
• Flexible options for different life stages and budgets
• Great member benefits and wellness perks
• Award-winning service and an extensive hospital network
• Competitive pricing – plus an additional 6% off for TaxTank members, on top of any other eligible Bupa promotions

At TaxTank, we’re on a mission to help Aussies make smarter money moves – not just during tax time, but all year round. Avoiding a sneaky, unnecessary tax and scoring better value on health cover? Now that’s a win-win

Join TaxTank today to take advantage of our great partnership offer.

That’s why TaxTank has partnered with NobleOak, Australia’s most awarded direct life insurer, to bring our members a smarter solution: fully-underwritten life insurance that’s transparent, digital-first, and comes with your first month free. Because at TaxTank, we’re all about helping you do more with your money, and this is one more way we’re making that happen.

Why NobleOak Is Different

Let’s be real: most life insurance providers are still operating like it’s 1998. Call centres, forms, and weeks of waiting? No thanks.

NobleOak has brought life insurance into the modern world just like TaxTank has done for tax. Their digital-first platform delivers real-time, fully-underwritten quotes with no brokers, no commissions, and no hidden fees. And the best part? You can get a personalised quote directly from your TaxTank dashboard. Just click the ‘Get Quote’ button, answer a few simple questions, and you’re boom – instant quote!

It’s the kind of seamless experience you’d expect from a fintech, not an insurer. And that’s exactly why we love them.

Award-Winning Cover, Trusted Nationwide

Over the past nine years, NobleOak has earned over 30 independent awards for value and service, including:

• Canstar Outstanding Value Life Insurance – 7 years running
• Finder Best Life Insurer
• Mozo Experts Choice Awards
• Feefo Platinum Trusted Service Award

They’re the real deal—consistently delivering on both price and performance.

What You Get with NobleOak + TaxTank

This partnership isn’t just another integration, it’s a smarter, sharper way to manage your financial wellbeing. Whether you’re a savvy individual reviewing your super fund’s default cover, an SMSF trustee looking for tailored protection, or simply ready to upgrade an outdated policy, this one’s for you.

Here’s what’s you get:

 First month free – exclusive to TaxTank subscribers

Instant access to quotes—direct from your TaxTank dashboard

No brokers, no commissions, no hidden costs

Quick, transparent online process

Competitive, fully-underwritten cover tailored to your needs

Building Wealth? Don’t Forget to Protect It

With just one click, you can take the stress out of life insurance and get cover that actually fits your life.

First month free. Real-time quote. No fuss.

We’ve partnered with NobleOak to cut the crap, keep the cover, and bring you life insurance that’s actually worth your time.

Want access to exclusive perks like this?
Our partnership with NobleOak is only available to TaxTank subscribers. If you haven’t jumped in yet, now’s the time. Start your free trial today and unlock life insurance that actually has your back (without the BS).

Start your free trial

You’ve done the hard work. You’ve got the plan. You’re in control.

And then bam… you step off a weird curb and tear your ACL. Suddenly, work is out. Physio is in. The couch is your new office, and your income? That’s out too, unless you’ve got income protection.

Because even the best plans need a backup when life throws a curveball.

The Thing We All Forget to Insure

We insure everything, cars, homes, pets, phones, even our dishwashers. But the one thing that pays for all of it? Our income? That usually gets left out. And the irony? It’s the only thing keeping the whole system running.

If you had a machine printing $100,000 a year, you’d insure it, right? Well… you are that machine.

Here’s some stats to drive the point home:

• Nearly half of Australians have less than three months’ worth of savings
• 40% of households are one unexpected expense away from financial stress
• And JobSeeker pays $380/week. Seriously how far will that get you these days… Especially if you’re a self employed sole trader or asset rich property investor trying to keep your finances in motion.

Enter Income Protection (aka: Your Financial Airbag)

Income Protection Insurance steps in when you can’t. If illness or injury takes you out of work, it covers up to 70% of your pre-tax income, paid in monthly instalments, so the bills keep getting paid, even if you’re stuck in bed watching reruns of “The Block.”

You choose how long the cover lasts: 1 year, 5 years, or right through to age 65

Some policies include rehab and retraining

And yes – premiums are tax-deductible when held personally

 TaxTank subscribers get the first month free, because we’ve got your back too

Why NobleOak?

We chose NobleOak because they’re doing for insurance what we’ve done for tax: Cutting the fluff and getting to the good stuff.

• Real-time quotes
• Fully-underwritten cover
• No brokers, no commissions, no “we’ll call you between 10am and never”
• Just solid, award-winning protection (30+ awards and counting)
• And for TaxTank subscribers: first month free

Oh, and you can do it all directly from your TaxTank dashboard. One click. Few questions. Zero pressure.

Moral of the Story?

Your income is the engine behind everything you’ve built including your lifestyle, your investments, your future plans. Protecting it isn’t dramatic, it’s just a practical step in looking after what you’ve worked for (with a side of tax deductibility when structured right).

Do you need it? Well the big question, if something unexpected did happen would your finances hold up? If you’re not sure, it might be time to click the button, explore your options, and give yourself one less thing to worry about.

First month free. Real-time quote. No fuss.

We’ve partnered with NobleOak to cut the crap, keep the cover, and bring you life insurance that’s actually worth your time.

Want access to exclusive perks like this?
Our partnership with NobleOak is only available to TaxTank subscribers. If you haven’t jumped in yet, now’s the time. Start your free trial today and unlock life insurance that actually has your back (without the BS).

Start your free trial

We insure our homes, cars, pets, and even phones, yet we often forget to protect the one thing that pays for it all, our income.

If you had a machine printing $100,000 a year, you’d insure it, right? Well, that machine is you. And just like that trampoline incident, you never think something will go wrong, until it does.

Income Protection isn’t paranoia; it’s smart planning. Because when life pulls the rug out, the cost of doing nothing is always higher than the cost of being prepared.

The “She’ll Be Right” Mindset (And Why It’s a Bit Risky)

Australians love a “she’ll be right” attitude, it’s practically in our DNA, but when it comes to protecting your income, that mindset can lead to financial disaster.

Imagine you’re a property investor juggling mortgage repayments and maintenance costs, or a sole trader covering every business expense. Now picture an illness or injury forcing you out of work for months. Without a steady income, how long could you keep up? The stats tell a somber story:

• 45%of Australians have one month’s worth of savings or less with just 23% being able to last last six months or more¹
• Centrelink’s JobSeeker payment is approximately $390 a week², while the average mortgage repayment is over $900 per week³. Renters don’t fare much better, with capital city rent ranging between $570- $775 per week⁴.

Without a safety net, losing your income doesn’t just mean tightening your budget, it could mean falling behind on repayments, defaulting on loans, or selling assets at a loss.

Hoping for the best isn’t a plan. Without financial protection, one setback could undo years of hard work.

Enter: Income Protection, Your Financial Safety Net

This is where Income Protection Insurance comes in. It’s not about expecting the worst; it’s about ensuring an income loss doesn’t derail your financial future.

How does it work?

• Income replacement – Covers up to70% of your pre-tax income, paid in monthly instalments.
• Flexible benefit periods – Choose cover from 1 year, 2, 5 or 10 years, or to age 65, depending on the insurer.
• More than salary protection – Some policies cover rehabilitation or retraining costs, helping you get back on your feet.

Still unsure? Ask yourself:

• If you couldn’t work for six months, how would you cover rent, mortgage, or bills?
• Would you need to drain savings, rack up credit card debt, or sell assets?
• Could your family maintain their lifestyle without your income?

If these questions make you pause, it’s worth considering a plan. Because while we all hope for smooth sailing, life has a way of throwing storms our way, and when it does, Income Protection ensures you’re not left sinking.

Not All Income Protection Policies Are Created Equal

So, you’re thinking about Income Protection, smart move. But before you dive in, here’s something to keep in mind: not all policies are built the same. The right plan for you depends on a few key factors, including how long you want coverage, what percentage of your income you’ll receive, and how you structure your policy.

Tax Deductible? Yes, If You Do It Right

One of the biggest mistakes people make is not holding their Income Protection policy in the most tax-effective way. If you take out a policy personally, your premiums are tax-deductible in your individual tax return, meaning you can claim them as an expense, helping to reduce your taxable income.

However, if your policy is bundled into your superannuation, those tax benefits may not apply, and payouts could be more restrictive. Understanding the tax side of things could mean thousands of dollars saved over time, so it pays to get it right.

A Smarter Way to Protect Your Income

At TaxTank, we believe your money should work for you, not the other way around. That’s why we’ve partnered with NobleOak, a multi-award-winning Australian insurer known for competitive premiums, transparent policies, and no hidden surprises, including zero brokerage fees.

What’s in it for you?

• Special Benefits: Enjoy special offers for TaxTank members, ensuring you get value-driven coverage.
• No Brokerage Fees: Unlike many insurers, NobleOak offers direct-to-customer policies, meaning no unnecessary middleman costs, just straightforward, cost-effective protection.
• Transparent, No-Fuss Cover: No industry jargon, no upselling, just clear, reliable coverage designed for Australians.

Protection + Tax Deduction? That’s a Win-Win

Even better, you can generate a quick quote with NobleOak directly from your TaxTank dashboard, secure your cover in minutes, and instantly track your tax position once it’s paid.

And because we love a good tax perk, this is one of the rare cases where the ATO actually helps you keep more money in your pocket. (Of course, if you ever need to claim, they’ll be right there to tax your payout like regular income… but that’s a conversation for another day.)

So why wait? Protect your income, maximise your deductions, and stay ahead of life’s curveballs.

First month free. Real-time quote. No fuss.

We’ve partnered with NobleOak to cut the crap, keep the cover, and bring you life insurance that’s actually worth your time.

Want access to exclusive perks like this?
Our partnership with NobleOak is only available to TaxTank subscribers. If you haven’t jumped in yet, now’s the time. Start your free trial today and unlock life insurance that actually has your back (without the BS).

Start your free trial

¹Saving account statistics December 2024 (Finder.com.au)

²www.servicesaustralia.gov.au

³www.loans.com.au. March 2025

⁴www.domain.com.au March 2025

Important Information –NobleOak Life Limited ABN 85 087 648 708 AFSL 247302 is the issuer of NobleOak life insurance products. The information contained is of a general nature only and does not take into consideration your objectives, financial situation or needs. Before making a decision to purchase or continue with a product you should read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD) and Financial Services Guide (FSG) and consider this information having regard to your own objectives, financial situation and needs. If you are considering replacing an existing life insurance policy you should consider your circumstances, including continuing the existing cover until the replacement policy is issued and cover confirmed.

But here’s the problem: many Australians are still paying for outdated policies they haven’t reviewed in years. They’re stuck in expensive plans loaded with brokerage fees, holding cover that may not even suit their needs anymore.

And if your life insurance is tucked away inside your super fund? You might assume you’re covered, but what if it’s costing you more than you think for cover that may not even be adequate?

It’s time to take a fresh look. Because, like everything else in finance, technology is changing the game.

Why You Should Care: The Hidden Costs No One Talks About

If you’ve got an existing life insurance policy, do you actually know how much of your premium goes towards brokerage fees? Many people don’t. Unlike home or car insurance, where you’d shop around for a better deal every year, life insurance is often left untouched for decades.

But here’s the kicker: if your policy includes brokerage fees, you could be paying thousands more over time for the exact same level of cover.

And for those relying on superannuation-based life insurance, it’s not as straightforward as it seems. Many default policies inside super:

• Offer limited cover – The payout might not be enough to support your family long-term.
• Aren’t portable – If you change super funds, your cover could disappear.
• Can be tax-inefficient – Depending on the beneficiary, payouts could be taxed at a much higher rate.

How Tech is Stepping Up: No More Guesswork, Just Instant Comparisons

At TaxTank, we’re on a mission to make tax fun (yes, really…), so when we saw a bold life insurance company shaking things up, we knew we had to get in on the action.

Let’s face it, we use tech for everything: managing our taxes, tracking spending, even grabbing groceries with a tap. So why is life insurance still acting like it’s 1985? Fax machines, paperwork, and weeks of waiting? No thanks. It’s time insurance caught up.

Enter NobleOak’s Quick Quote tool! Finally bringing speed, simplicity, and transparency to life insurance. No fluff, no waiting games, just straightforward cover when you need it.

• No long winded quotes – Get instant results without the hassle.
• No weeks of waiting – Compare and switch easily
• No hidden exclusions – Just clear, no-fuss coverage.
• No hidden fees – Competitive rates without the sneaky extras.

Whether you’re an individual wanting to compare and save or an SMSF trustee ensuring your fund is structured efficiently, life insurance has finally stepped into the digital age.

Because when it comes to protecting your future, the old way just doesn’t cut it anymore. 

The Bottom Line: Don’t Overpay for Outdated Life Insurance

Life changes, and so should your life insurance. But if you haven’t reviewed your policy in years, you could be throwing money away without even realising it.

Many Australians are relying on potentially inadequate super-based cover, or simply missing out options that could be better and more cost-effective. And the worst part? They don’t even know it.

Why This Matters

Let’s talk numbers. round 8.8 million Australians hold life insurance through their super fund¹, assuming it’s the best (or only) option. But default super policies aren’t personalised, and they often provide less cover than you actually need. If your circumstances have changed, like kids, mortgages, businesses, your family could be left exposed.

Then there’s the commission trap. Traditional life insurance sold through brokers or advisers can include hefty commissions. Over time, that can addup to thousands of dollars in unnecessary costs.

So, if you’re still paying for a policy you set up years ago, chances are you could be overpaying, underinsured, or both.

How Tech is Fixing the System

Most people stick with the same life insurance provider for years, not because it’s the best deal, but because switching feels like a nightmare. The process is slow, confusing, and buried in industry jargon.

The old way of doing life insurance is outdated and broken, keeping people locked into expensive policies and unnecessary hoops to jump through.

But technology is changing the game.

Direct-to-consumer platforms like NobleOak are cutting out the middlemen, offering fully underwritten life insurance without the markups, the paperwork, or the waiting games.

And now, you can access your NobleOak Quick Quote directly from your TaxTank platform, making it easier than ever to take control. Forget months of back-and-forth, with just a few clicks, you can compare policies, uncover potential savings, and ensure you’re not paying for more than you need.

TaxTank: Always Bringing More to the Table

Still holding onto a dusty old policy? Now’s the time to check what you’re paying, compare what’s out there, and make sure you’re not funding a system designed to keep you in the dark.

At TaxTank, we’re all about giving you more – more transparency, more control, and more ways to keep your money where it belongs. We’ve made tax smarter, simpler, and dare we say fun.. So why stop there?

Now, with life insurance at your fingertips, you can ditch the old-school processes and embrace the future of financial freedom, all from your TaxTank platform.

Because we’re always on the lookout for better, smarter ways to put you in control, and this is just the beginning.

First month free. Real-time quote. No fuss.

We’ve partnered with NobleOak to cut the crap, keep the cover, and bring you life insurance that’s actually worth your time.

Want access to exclusive perks like this?
Our partnership with NobleOak is only available to TaxTank subscribers. If you haven’t jumped in yet, now’s the time. Start your free trial today and unlock life insurance that actually has your back (without the BS).

Start your free trial

¹Association of Superannuation Funds of Australia. March 2025

Important Information –NobleOak Life Limited ABN 85 087 648 708 AFSL 247302 is the issuer of NobleOak life insurance products. The information contained is of a general nature only and does not take into consideration your objectives, financial situation or needs. Before making a decision to purchase or continue with a product you should read the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD) and Financial Services Guide (FSG) and consider this information having regard to your own objectives, financial situation and needs. If you are considering replacing an existing life insurance policy you should consider your circumstances, including continuing the existing cover until the replacement policy is issued and cover confirmed.