Would you like to earn some bonus points and get life insurance while you’re at it?

UPDATE: This deal has now expired. Make sure to follow us on Facebook or subscribe to our newsletter so you will be the first one to find out about new deals!

From time to time American Express offers bonus points for new customers who sign up with Zurich for one of their Life Insurance products. This time around there’s a 20,000 points bonus up for grabs and anyone who’s not already covered by Zurich is eligible! Depending on your situation you can get the cover for as low as  $5.48 per month (or lower depending on your personal circumstances). The minimum term for which you need to hold the insurance is 6 months, for me that works out to $32.88 for 20,000 Amex Membership reward points. Outstanding value 😉

Here’s a step by step guide on how you too can get your life insured and earn a nice amount of points for doing so!

  1. You need to have an American Express credit card (obviously!) if you don’t have an Amex yet, grab the Platinum Edge here for only $195 + $200 free travel credit, it’s my favourite card.
  2. Head over to: https://www.americanexpress.com/au/content/insurance/term-life-insurance/mylife-offer/ and click on get a quote.
  3. Make sure you select the Term Life Insurance product  because this is cheaper.
  4. Reduce the premium to $50,000 (unless you want a higher amount insured).
  5. Complete all the details and select American Express at the checkout for your preferred payment method.

    I just received my 20,000 bonus points after 1 month

That’s it! You will receive the details of your application in the mail and ones the first payment gets deducted the bonus points will drop in your account. Please note that cancelling before the 6 month term may void your eligibility for the points bonus which means they might get removed by American Express. Amex also pays 3 points per dollar or life insurance so it’s a great product if you’re in the market.

Note that even though the 20,000 points are not advertised on the site, you are eligible for the deal.

I personally received an invite in the mail for this promotion but also have an email to confirm the details:

“Thank you for your time today and your interest in American Express Ezicover MyLife. This policy is a simple and easy way to provide affordable cover for you and your family and you can apply over the phone in less than 10 minutes.

 American Express Ezicover MyLife offers*:

 a lump sum payment of between $200,000 and $750,000

  • $15,000 cash advance benefit while a death claim is being assessed
  • no medical examination to apply
  • First months cover for $0
  • Cover available for ages 19 to 69

For more information, please refer to the Product Disclosure Statement which is attached. 

If you apply for an American Express Ezicover MyLife policy by Jun 30 2017 (other’s have reported 31th July), pay for your premium on your American Express Card and you are accepted as a new policy holder, you could receive 20,000 bonus points#, so why not apply today. 

To apply today or find out more please don’t hesitate to call us on 1800 124 600.

Also attached is the Financial Services Guide for American Express and for Peakbound Five Pty Ltd, which explains the services that these companies provide, their relationship with the insurer and their remuneration.



Taylor Ralph


 * This is a summary only. Terms, Conditions and Exclusions apply, as explained in the Product Disclosure Statement (PDS).

#Offer only available to new American Express Ezicover Insurance Policy Holders who apply by (Jan 31 2017), (obviously meant to say 31 July 2017) are approved and have purchased their policy using a Card issued by American Express Australia Limited – not bank issued, provided they are enrolled in the eligible rewards programs. Eligible rewards programs include Membership Rewards program, Qantas Direct program, Qantas Frequent Flyer program and Velocity Frequent Flyer program. Bonus Points will be allocated once only per account, therefore Card Members who currently hold or have previously purchased an American Express Ezicover Insurance product are ineligible for this offer.


American Express Ezicover MyLife is issued by Zurich Australia Limited (Zurich), ABN 92 000 010 195, AFSL 232510. The promoter of this product is American Express Australia Limited (ABN 92 108 952 085, AFS Licence No. 291313). The information in this email is provided by Zurich and is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider these factors, the appropriateness of the information and the relevant PDS before making a decision.”

Happy flying everyone!