Ways to help you manage your policy 1. Review your cover when things change Reaching major milestones like having kids, paying off the mortgage, buying or selling an investment property or retiring can impact the amount of insurance cover you need. You may also choose to review any loadings you have*, additional options you have chosen, or any activities or conditions your cover excludes^. It’s important to review your cover to ensure you’re only paying for what you need. ^ Exclusions are those activities and conditions you won’t be covered for, because of the risk involved from a pre-existing medical condition. 2. Switch off automatic insurance increases Your policy may have a feature that...
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When you buy a life insurance policy, you select an amount of money that will be payable at the time of your death and you name the person or persons who are to receive that money (these are known as your “beneficiaries”). You may also have the right to determine whether that money will be paid in a lump sum or in a series of payments. All of these choices depend on what you want the insurance to do for you and your dependents. Most people buy life insurance to provide financial security for their families upon the death of the insured person. If this is your reason, the first step in calculating how much insurance to buy is to identify your dependents’ likely financial needs. If you are...
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Life Insurance 12.5% healthy living discount Up to $15,000 Advanced Funeral Benefit Early payment for terminal illness Whatever happens in the future, you always want to make sure your loved ones are taken care of. With Life Insurance, it can help in the tough times so they won't have to worry about how to pay the bills and the mortgage. Life Insurance provides financial support to your loved ones if you’re no longer alive, in the form of a lump sum cash payment. Choose how much cover you need and with premiums that start from $5 a week*, it won’t interrupt the lifestyle you enjoy now. There’s also an early payout if you are diagnosed with a terminal illness. And you can...
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