We would encourage you to speak to your financial planner or accountant who may be able to provide you with advice. Important information : This product is not suitable for purchase within a superannuation fund. 4,1įor terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS). Once you are accepted, as long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 70th birthday, regardless of changes to your health condition. You must be aged 16 to 55 to apply for Critical Illness cover.
#QUOTES ABOUT LIFE INSURANCE FULL#
1 The Life cover Buy Back feature allows you to reinstate the Life Cover Amount that was reduced 12 months after full payment of a Critical Illness claim. In certain circumstances this may mean the end of a cover or the Life Insured’s policy. Payment of a benefit under Critical Illness cover reduces the cover amount of any remaining benefits under Life cover and Permanently Unable to Work cover by that payment amount. This can help relieve your family’s financial burden at a very stressful time. The funds can be used for any purpose you choose, whether to pay for treatment and other medical costs, or any associated costs related to lifestyle changes (such as reducing working hours). Critical Illness cover must be taken out in conjunction with Life cover. It provides a lump sum payment ( subject to conditions) in the event that you suffer a defined Critical Illness 5. 4,1Ĭritical Illness Insurance, is also known as trauma cover or serious illness cover. Once you are accepted, as long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 65th birthday, regardless of changes to your health condition. You must be aged 16 to 55 and working on a permanent basis in an eligible occupation type for at least 20 hours per week to apply for Permanently Unable to Work cover. 1 The Life cover Buy Back feature allows you to reinstate the Life Cover Amount that was reduced 12 months after full payment of a Permanently Unable to Work claim. Payment of a benefit under Permanently Unable to Work cover reduces the cover amount of any remaining benefits under Life cover and Critical Illness cover by that payment amount. The funds can be used for any purpose you choose, such as cover your debts and living expenses, provide for medical treatment or ongoing care, or to pay for any home modifications that are required as a result of your disability. Permanently Unable to Work cover must be taken out in conjunction with Life Cover.
It provides a lump sum payment ( subject to conditions) in the event that the Life Insured is permanently unable to work due to sickness or injury 6. Permanently Unable to Work cover also known as Total and Permanent Disability (TPD) Insurance.
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