|
|
|
|
|
| What does this policy cover? |
Life insurance pays a lump sum on death or terminal illness |
|
|
| |
|
|
|
|
|
|
|
|
| Special Event Increases |
Birth/adoption, marriage, increase of mortgage, moving home, divorce, full time care of a close relative |
| Subject to certain criteria, you can increase your cover without providing further health evidence if you experience one of these life events. |
|
| |
|
|
|
|
| Eligible Ages |
16 to 70 |
| People over the usual eligible age can sometimes also apply. Please call us for more detail. |
|
| |
|
|
|
|
| Eligible Occupations |
All |
| Usually, people of any occupation can apply for life cover. |
|
| |
|
|
|
|
| Maximum Sum Assured |
No Limit |
| The maximum amount of cover you can apply for. |
|
| |
|
|
|
|
| Term of Cover |
To age 100 |
| How long the insurer guarantees you can renew your cover for. |
|
| |
|
|
|
|
| Mode of Payment |
Fortnightly, monthly, yearly |
| The modes of payment the insurer accepts (you can change this at any time). |
|
| |
|
|
|
|
| Payment Methods |
Credit Card, Direct Debit |
| These are the insurers' preferred payment methods. |
|
| |
|
|
|
|
|
|
|
|
| Terminal Illness Benefit |
Yes (100%) |
| Your insured amount is paid in advance if you are diagnosed as terminally ill (basically unlikely to live for more than 12 months). |
|
| |
|
|
|
|
| Bereavement Support Benefit |
Yes ($10,000) |
| Some insurers offer an immediate advance payment to help with costs such as funeral expenses. |
|
| |
|
|
|
|
| Inflation Adjustment Benefit |
Yes |
| You can choose to have your insured amount increase at the same rate as inflation. |
|
| |
|
|
|
|
| Temporary Cover During Application |
60 days ($500,000 max) |
| Insurers offer temporary, limited cover while your application is being assessed. |
|
| |
|
|
|
|
| Children's Funeral Benefit |
Yes |
| A payment of $2,000 is made on the accidental death of a child of the insured person. Conditions apply, and your total insured amount is reduced by any payment made under this benefit. |
|
| |
|
|
|
|
| Financial Planning Benefit |
Yes ($1,500). |
| Should a claim be made, the insurer will pay a sum to assist with the cost of financial planning advice. |
|
| |
|
|
|
|
| Grief Support Benefit |
No |
| Should a claim be made, the insurer will pay a sum to assist with the cost of professional counseling. |
|
| |
|
|
|
|
|
|
|
|
| Suicide |
The life insurance benefit won′t be paid if death is a result of the insured person committing or attempting to commit suicide within 13 months of the policy commencement date. |
| A Life Cover Benefit will not be payable where death or terminal illness of a life assured occurs as a result of the life assured committing or attempting to commit suicide whether sane or insane, within 13 months of the policy commencement date. |
|
| |
|
|
|
|
|
|
|
|
Policy Brochure
(PDF viewer required) |
|
|
|
| |
|
|
|
|
Policy Wording
(PDF viewer required) |
|
|
|
| |
|
|
|
While every effort is made to ensure all of the information presented on this site is correct & up to date, no liability will be taken for any errors or omissions. Please refer to the full policy document for full information
|
|