Life Insurance
To get the correct life insurance need not be arduous or expensive – but it is critical to start early and get sufficient cover. We pride ourselves on providing cost-effective insurance to our customers and making sure we deliver a straight forward and transparent experience.
- Provides a lump sum benefit if you pass away.
- Provides a lump sum benefit if you are diagnosed with a terminal illness
- Can take this insurance both inside and outside super
- The premium can be funded by a partial rollover from just about any super fund
- How much do I need?
- How much does it cost?
- Provides a lump sum benefit if you become totally and permanently or partially and
permanently disabled. - The premium can be funded by a partial rollover from just about any super fund
- How much do I need?
- How much does it cost?
- Provides a lump sum benefit if you experience a health event or are diagnosed with a serious
illness. - How much do I need?
- How much does it cost?
- Income Protection allows you to receive a monthly payment while you are unable to work.
- How much do I need?
- How much does it cost?
What’s involved – you get paid your ‘sum insured’ after a certain ‘waiting period’, for a certain nominated ‘benefit period’.
Waiting period
14 days to 2 years, the longer the waiting period the lower the premium
Benefit Period
- You can get paid from 1 year to age 70
Can take this insurance both inside and outside super
The premium can be funded by a partial rollover from just about any super fund. - If you take it outside super (i.e. pay it personally) the premiums are tax deductible
What determines how much insurance (sum insured) I need:
Income required, debt, lifestyle needs, inheritances, cash reserves
What determines the cost (premium)?
Age
Occupation
Sex
Smoker status
Pastimes and hobbies
Family history
Premiums structure- level, stepped or hybrid