What Is Life Cover?
Life cover, also known as death cover, helps protect the financial future of your loved ones when you no longer can. It pays a lump sum of money if you are diagnosed with a terminal illness or pass away.
You can choose to have Life Cover as a standalone policy or linked to other Insurance Products for amounts between $50,000 to $2 million. Fast-track cash advances are often available to help while the claim is being settled.
There are many variations in product terms, definitions, waiting periods, and benefits periods. These variations can make a big difference to the cost of your premiums, how much you can claim and how quickly you can receive payments.
Did You Know?
Life cover lump sum payments between $50,000 - $2 million.
Life cover premiums are often payable through Superannuation.
Terminal Illness benefits are available.
Cover can automatically increase each year to keep up with inflation.
Fast-track cash advances are often available.
Joint application discounts are often available.
Cover can be standalone or linked.