Business owner reviewing insurance documents at their desk

Life Insurance for Business Owners

You've sorted your business insurance. Now let's make sure you and your family are covered too. We work with Steadfast Life to connect you with specialist personal insurance advice.

Steadfast

Life Partner

48hr

Response Time

Personal

Advice

Recognition

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WHY THROUGH TANK

Why business owners come to us for life insurance

Our clients ask us about life insurance all the time. It makes sense. When you're sorting out your business insurance, it's natural to think about protecting the people behind the business too. We work closely with Steadfast Life to make sure that side is covered.

Insurance broker discussing life insurance options with a business owner

01

One Conversation

You're already talking to us about your business insurance. Rather than starting from scratch with someone new, we connect you with the right people and make sure nothing gets missed.

02

Specialist Life Insurance Advice

Steadfast Life are specialist life insurance advisers. They compare options across multiple insurers and provide personal advice tailored to your situation - not a generic online quote.

03

We Know Your Business

Because we already understand your business, we can give Steadfast Life the context they need. That means less time explaining yourself and faster, more relevant recommendations.

04

Everything in One Place

Your business insurance and personal insurance working together. When renewal time comes around, we make sure the full picture is covered.

PERSONAL COVER

Types of personal insurance

These are the personal insurance products that Steadfast Life can help you with. They're separate from your business insurance - they protect you and your family, not your business.

01

Life Insurance

Pays a lump sum to your beneficiaries if you die or are diagnosed with a terminal illness. Covers debts, mortgage, and your family's ongoing costs.

02

Income Protection

Replaces up to 75% of your income if illness or injury stops you working. Particularly important if you're self-employed and don't have sick leave.

03

TPD Insurance

Total and Permanent Disability cover pays a lump sum if you can't ever work again. Helps with debts, medical costs, and modifying your home or lifestyle.

04

Trauma Cover

Pays a lump sum if you're diagnosed with a specified critical illness like cancer, heart attack, or stroke. Gives you money to focus on recovery.

Family reviewing their personal insurance cover together

HOW IT WORKS

From conversation to cover

Getting your personal insurance sorted through us is straightforward. Here's what happens.

01

Talk to Us

Mention life insurance during your business insurance conversation, or reach out specifically. We'll get a feel for what you need.

02

We Connect You

We pass your details to the Steadfast Life team with your consent. They're specialist life insurance advisers within the Steadfast network.

03

Steadfast Life Reaches Out

A Steadfast Life adviser will be in touch within 48 hours to discuss your situation and understand your needs.

04

Tailored Advice

They compare options across multiple insurers, provide personal advice, and recommend cover that fits your situation.

05

You're Covered

Your personal insurance is sorted alongside your business cover. One less thing to worry about.

01

Talk to Us

Mention life insurance during your business insurance conversation, or reach out specifically. We'll get a feel for what you need.

02

We Connect You

We pass your details to the Steadfast Life team with your consent. They're specialist life insurance advisers within the Steadfast network.

03

Steadfast Life Reaches Out

A Steadfast Life adviser will be in touch within 48 hours to discuss your situation and understand your needs.

04

Tailored Advice

They compare options across multiple insurers, provide personal advice, and recommend cover that fits your situation.

05

You're Covered

Your personal insurance is sorted alongside your business cover. One less thing to worry about.

THE GAPS

What business insurance doesn't cover

You've got your business protected. But there are gaps that only personal insurance can fill.

Business owner considering personal insurance options

Public liability and professional indemnity protect your business from claims. But if you get sick or injured and can't work for six months, none of that helps pay your mortgage.

Most people have some life insurance through their super fund, but it's often a basic level that hasn't been reviewed. It might not cover your actual debts, let alone your family's living costs.

If you're a business owner, there's no employer paying you while you recover. Income protection fills that gap, replacing up to 75% of your earnings if illness or injury stops you working.

Trauma cover pays a lump sum if you're diagnosed with a critical illness like cancer, heart attack, or stroke. It gives you money to focus on recovery instead of worrying about bills.

QUESTIONS

Frequently Asked Questions

We're general insurance brokers - business insurance is what we do. For life insurance, we work closely with Steadfast Life, a specialist life insurance broker within the Steadfast network. We connect you with their team, and they handle the advice and placement.
Steadfast Life Pty Ltd (AFSL 421904) is a specialist life insurance broker within the Steadfast Group network. They provide tailored advice on life insurance, income protection, TPD and trauma cover for individuals and business owners across Australia.
Life insurance (death cover), income protection, total and permanent disability (TPD), and trauma (critical illness) cover. These are all personal insurance products that protect you and your family - separate from the business insurance we handle directly.
No. There's no cost to you for the introduction. Tank Insurance may receive a referral fee from Steadfast Life, but this doesn't affect the price you pay for your policy.
Income protection pays you a regular income (typically up to 75% of your pre-disability earnings) if you can't work due to illness or injury. For self-employed business owners who don't have sick leave, it's one of the most important covers you can have.
Total and Permanent Disability insurance pays a lump sum if you become totally and permanently disabled and can't work again. It helps cover debts, medical costs, and ongoing living expenses.
Once we connect you with Steadfast Life, their team will typically be in touch within 48 hours. The full process depends on your situation, but straightforward applications can be completed within a few weeks.
It depends. Default cover in super is often a basic level that hasn't been reviewed against your actual circumstances. A Steadfast Life adviser can review what you've got and help you work out if it's enough for your debts, your family's living costs, and your lifestyle.
Key person insurance is a business insurance product - it protects your business from the financial impact of losing a critical person. Life insurance is personal cover that protects your family. They solve different problems, and many business owners need both. We handle key person insurance directly as part of your business insurance.

Let's Sort Your Personal Insurance Too

Already talking to us about your business insurance? Mention life insurance and we'll connect you with Steadfast Life's specialist team. Or reach out specifically - we're happy to help either way.

Expert Review: 24/02/2026

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