Life Cover

Life Cover

Life Cover

We will give you an additional 10% of accidental death cover FREE when you take Life Insurance. This means you will be covered for an extra 10% if the payout is the result of an Accident.

Example:

John took out $800,000 life cover, so that in the event of his death, his wife could pay off their home loan of $550,000 and be debt free. He also wanted to leave $250,000 to provide for his daughter’s education.

John tragically died in a motor vehicle accident on the way home from a business trip. Because his cause of death was deemed an accident, the death cover payout was increased by 10% to $880,000. This meant there was an additional $80,000 in the estate for his family.


Frequently Asked Questions

What is Life Insurance?

Life cover pays out the amount you are insured for, as a lump sum, if you pass away.

If you are diagnosed with a terminal illness, the Insurer will pay this amount out before you die, subject to meeting their requirements.

What is Accidental Death Cover?

Accidental Death cover is paid if you die because of an Accident, such as a skiing accident or a car accident.

What does this offer provide?

This offer provides you with an amount of Life Insurance, selected by you. In addition to that, we will give you an additional 10% Accidental Death cover, such that if you die in an Accident, the payout will be 110% of the amount you have insured your life for.

For example: If you cover your life for $500,000, we will provide an additional $50,000 of Accidental Death cover. This means that if you die in an accident, the claim will be worth $550,000.

How much cover do I need?

This depends on your needs and circumstances. Factors to take into account would include:

  • Paying off your debts
  • Leaving money for your loved ones and dependents

When will I be covered?

You will be covered as soon as your Application is approved. There is an industry wide exclusion for Death by Suicide within the first 13 months of taking out a Life Insurance policy.

What happens next?

  1. Request a quote
  2. When you are ready to proceed, we will begin the application process over the phone with you.  
  3. We will submit the completed Application to the insurance company and they call you to complete the Application process over the phone.
  4. You will be sent the relevant documents in the post.  

We're always available to help you with the process or to answer any questions you have.

To discuss Life Insurance or to get a quote, contact us.

Need more information?




CLIENT

“This is a great offer. I travel a lot in my car, and ride my bike on weekends. I now have additional peace of mind that my family will get an extra 10% of my cover in the event of an accident claim. And it cost me nothing extra!“


What are the chances?

Recent statistics show that:

Over 1,600 people die on Australian roads each year, most aged 25-59 years. (Source: Australian Government, Road Deaths Australia 2007) 

Nearly fifty per cent of Australians said they / their family would not cope financially in the event of their premature death. (Source: Lifebroker Life Insurance Report, 2010)

Just four per cent of Australian families with dependent children have adequate levels of insurance cover. (Source: IFSA research into underinsurance in Australia, 2005)

Australia is one of the most underinsured nations in the world for life insurance density and penetration (Source: Swiss Re, 2007)

In 2008 more than 34 families per day lost a member of their family and over half of those involve children losing a parent (Source: Lifewise/NATSEM Underinsurance Report, p5)