Asteron Lifeguard Enhancements Income Shield Super

Size: px
Start display at page:

Download "Asteron Lifeguard Enhancements Income Shield Super"

Transcription

1 Enhancements Income Shield Super

2 CONTENTS 1.0 Summary of changes Enhancements to Included Income Shield Super Benefits New 5 Year Benefit Period for S Class Occupations Improved Sick Leave Offsets Improved Statutory Insurance Offsets (Occupation Classes AA, AP, LP or MP only) Improved Capability clause (only due to causes other than sickness or injury) New Income Protection available to Part-Time Workers Improved Definition Partial Disability New Temporary Extended Waiting Period Improved Replacement Ratio & Maximum Cover Limit of $60, Improved Payments Whilst Overseas (Occupation classes AA, AP, LP, MP, A1 or A2) New Waiting Period Conversion Benefit New Concurrent Disability Benefit Improved Recurring Disability Benefit Improved Optional Benefits Improved Increasing Claim Option New Booster Plus Option Contact us 6

3 Enhancements Income Shield Super 1 At Life, we regularly review our policies to ensure that they are at the forefront of industry developments and will continue to meet the financial challenges which may occur as a result of sickness or injury. Providing regular updates is an integral part of our service philosophy at Life. As a result, we have automatically upgraded your policy to reflect some of the innovations we have made to our Income Shield Super product. This ensures that your policy remains at the leading edge of insurance and gives you and your family even better value protection at no extra cost. In this brochure you will find a summary of both the automatic enhancements we have made to your policy plus a series of new optional enhancements that you can apply to have added to your existing Life policy. These improvements offer you an increased number of benefits, improved definitions on benefits and the opportunity to add additional features to your policy. Automatic Enhancements We will enhance your policy without any further cost to you. You will not need to undergo any further medical assessments to benefit from these automatic enhancements, so you can start enjoying your new improved cover today. In the event of a claim, you will be assessed against the most recent, upgraded version of the policy. If, in your opinion, the improvements are less favourable, we will assess you against your previous policy terms. We will work with you and your adviser to ensure that the cover you have is most appropriate to your needs. Optional Benefits Some optional benefits have also been improved. Any optional benefits that you already have will also be upgraded from the effective date of upgrade. We understand that, over time, your needs may change so we have also created some new optional benefits that you may be eligible to have added to your policy. Adding some or all of these options to your policy may result in an increased premium and may also require additional underwriting. We can work with you and your adviser to explain these. Changes to Policy Terms Included within this brochure is a summary of changes to the policy terms. If you have any questions or need any further information on these please contact your adviser or our Life Customer Service on where one of our team will be delighted to help you.

4 2 Enhancements Income Shield Super 1.0 Summary of changes This brochure includes a summary of all of the upgraded benefits for Income Shield policy. Depending on the PDS issue number you applied with, some or all of these upgraded terms will already be included in your policy. Included benefits are automatically provided as at the effective date listed below. Where an upgrade: has been applied to your policy the field below will include 3. was already included in your policy terms the field below will note INC (included). issue 2 issue 3 issue 4 issue 5 Enhancements Included Benefits Effective Date of upgrade 15 April August May 2010) 15 November 2010) New 5 Year Benefit Period for S class Occupations New Income Protection Cover Available to Part-Time Workers 10 November INC INC INC 19 August INC INC INC Improved Sick Leave Offsets 19 August INC INC INC Improved Definition Partial Disability New Temporary Extended Waiting Period Improved Capability clause (only due to causes other than sickness or injury) Improved Replacement Ratio & Maximum Cover Limit of $60,000 Improved Payments Whilst Overseas (Occupation Classes AA, AP, LP, MP, A1 or A2) New Waiting Period Conversion Benefit New Concurrent Disability Benefit Improved Recurring Disability Benefit Improved Statutory Insurance Offsets 19 August INC INC INC 19 August INC INC INC 19 August INC INC INC 24 May INC INC INC 15 November INC 15 November INC 15 November INC 15 November INC 15 November INC issue 2 issue 3 issue 4 issue 5 Enhancements Optional Benefits Effective Date of upgrade 15 April August May 2010) 15 November 2010) Improved Increasing Claim Option 19 August INC INC INC New Booster Plus Option 19 August INC INC INC

5 Enhancements Income Shield Super Enhancements to Included Income Shield Super Benefits Below is a summary of changes to included benefits each with a simple description of how it affects you. Some of the terms and expressions used in the policy wording quick reference below have specific meaning and the meaning of these words and expressions can be found in the glossary of our current Product Disclosure Statement (PDS). A copy of our latest PDS is available on our website, or by contacting Life Customer Service on In the event of a claim, you will be assessed against the most recent, upgraded version of the policy. If, in your opinion, the improvements are less favourable, we will assess you against your previous policy terms. We will work with you and your adviser to ensure that the cover you have is most appropriate to your needs. Please note that if you are suffering from a preexisting condition before or at the effective date that an upgrade applies to your policy, the benefits introduced in that upgrade will not apply when assessing any claim affected by that preexisting condition. The effective date for each upgrade is denoted in the summary of changes. 2.1 New 5 Year Benefit Period for S Class Occupations If your occupation is higher risk and is rated in our S class occupation category, you are no longer limited to applying for a 2 year benefit period and can now apply to have the option of a 5 year benefit period to better protect your income security. Changing from a 2 year benefit period to a 5 year benefit period will require underwriting. 2.2 Improved Sick Leave Offsets We will no longer offset Income Protection payments for Severe or Partial Disability if you receive (or are entitled to receive) payments for sick leave. This allows you to manage your own sick leave balances without impacting your monthly benefit. 2.3 Improved Statutory Insurance Offsets (Occupation Classes AA, AP, LP or MP only) It is normal for income protection policies to limit benefit payments if you are also receiving other benefits from other insurance policies including statutory insurance schemes such as Workers Compensation, Accident Compensation, social security etc. If you work in an occupation that is classified by us as AA, AP, LP or MP at the time of claim, we will not limit your benefits under this policy even if you receive payments under any statutory insurance schemes. For all occupations, the amount payable will be recalculated if you or the Policy Owner receive other payments in relation to the sickness or injury causing your disablement by way of: other disability, group sickness or accident insurance cover, including cover under a mortgage repayment insurance policy or through a superannuation fund that were not disclosed to us at the time you applied for the policy. For occupations classified as A1, A2, B, C or S, in addition to the above, the amount payable will also be recalculated if you or the Policy Owner receive other payments in relation to the sickness or injury causing your disablement by way of: any payments from Workers Compensation schemes, social security, Accident Compensation schemes and other statutory insurances payable for loss of income. We will recalculate the benefit so that the amount we pay, when added to your monthly income and the other payments to be taken into account, is no more than the greater of: 75% of your pre-disability income, (or 80% of your pre-disability income if the SuperSaver Option applies) where the Severely Disabled Benefit, Accidental Injury Option or the Accidental Injury Plus Option is payable, or 100% of your pre-disability income where the Partially Disabled Benefit is payable; and the benefit otherwise payable. 2.4 Improved Capability clause (only due to causes other than sickness or injury) If you are partially disabled due to a sickness or an injury, clearly you are unable to work to your full capability due to that sickness or injury. Therefore, we have modified the wording for the capability clause to specify that while assessing capability, we will only consider whether you are working to your capability as a result of causes other than sickness or injury. If you are partially disabled and you are not working to your capability as a result of causes other than sickness or injury and this situation continues for at least 2 months, then your monthly income while partially disabled will be calculated based on what you could reasonably be expected to earn if you were working to the extent of your capability. In determining what you could reasonably be expected to earn if you were working to the extent of your capability, we will take into account available medical evidence (including the opinion of your registered doctor) and any other relevant considerations directly related to your medical condition (including information provided by you).

6 4 Enhancements Income Shield Super 2.5 New Income Protection available to Part- Time Workers If you are working part-time for more than 20 hours per week you may be eligible to increase your cover. 2.6 Improved Definition Partial Disability Rather than having two different partial disability definitions, we have simplified our Partial Disability definitions to a single definition across our income protection range. While the level of cover has not changed we believe this change will make this benefit easier to understand. If either: a) you were working full-time in your usual occupation during the 12 consecutive months prior to the commencement date irrespective of whether you are working full-time or part-time immediately before your disability started; or b) at the commencement date you were working part-time in your usual occupation and immediately before your disability started you are working full-time We will consider you to be partially disabled if: you are working for more than 10 hours per week in your usual occupation or a gainful occupation or; you are working for 10 hours or less per week and you are not severely disabled; or you are not working and you are not severely disabled; and solely due to sickness or injury your monthly income is less than your pre-disability income, as long as you are following the advice of a registered doctor in relation to that sickness or injury. If you were working part-time in your usual occupation during the 12 consecutive months prior to the commencement date and you are working part-time immediately before your disability started We will consider you to be partially disabled if: you are working for more than 5 hours per week in your usual occupation or a gainful occupation; or you are working for 5 hours or less per week and you are not severely disabled; or you are not working and you are not severely disabled; and solely due to sickness or injury, your monthly income is less than your pre-disability income, as long as you are following the advice of a registered doctor in relation to that sickness or injury. 2.7 New Temporary Extended Waiting Period If your policy has a 30 day waiting period, you can choose to increase the waiting period applicable to the policy to 60 or 90 days for a period of up to 13 months. This option can be exercised only once during the lifetime of your policy. If the schedule states a 30 day waiting period applies, the Policy Owner can elect to increase the waiting period applicable to the policy to: 60 days; or 90 days for a period of up to 13 months. The waiting period can be reduced back to 30 days without the need for further underwriting during this time. The Policy Owner must write to us in order to apply to reinstate the original waiting period before the end of the 13 month period. The application to increase the waiting period and subsequently reinstate the original waiting period can be made only once during the lifetime of your policy. 2.8 Improved Replacement Ratio & Maximum Cover Limit of $60,000 Higher income earners can now apply for a higher proportion of their income to be covered. You can now apply for 75% of the first $320,000 annual income, 50% of the next $240,000 and 20% of the balance. The maximum cover that you can apply for has also been increased from $40,000 per month to $60,000 per month. You can apply for an overall maximum* Total Monthly Benefit of up to $60,000. The maximum monthly income that can be insured is: 75% of the first $26,667 (of monthly income); 50% of the next $20,000 (of monthly income); and 20% of the balance (of monthly income). Cover above a Total Monthly Benefit of $40,000 may be available to occupation classes AP, LP, MP and selected AA occupations, subject to eligibility 1. A 2 year benefit period will apply to any cover above $30,000. * maximum level includes insurance cover of a similar type offered under another insurance policy issued by any insurer including us. 1. Certain occupations may not be eligible. For more information, speak to your financial adviser.

7 Enhancements Income Shield Super Improved Payments Whilst Overseas (Occupation classes AA, AP, LP, MP, A1 or A2) Your protection now fully applies overseas in exactly the same way it applies at home. You now have the security of knowing that if you claim outside of Australia and New Zealand and are unable to return home, your income protection is not limited simply because your condition occurred overseas. If you are disabled outside Australia and New Zealand and are entitled to receive payments from us, and in our opinion can still meet our claim requirements, benefits will continue to be paid whilst you remain outside Australia and New Zealand New Waiting Period Conversion Benefit Some employers or superannuation funds provide salary continuance cover for up to 2 years. You can then supplement this by choosing individual income protection cover with a 2-year waiting period, allowing payments under the individual income protection cover to commence after the salary continuance cover. This reduces your premium and you only pay for the cover needed. If employment is changed and the salary continuance is no longer provided, then typically the policy would need to be re-underwritten in order to apply for a shorter waiting period. We have now relaxed this requirement so you can now reduce your waiting period to 30, 60 or 90 days with no underwriting. If your schedule states a 2 year waiting period applies and you have comparable insurance cover provided by an employer or superannuation fund, you may apply to reduce your waiting period to 30, 60 or 90 days should that cover no longer apply. You must apply within 30 days of your previous cover ceasing to apply and evidence of the previous cover must be supplied New Concurrent Disability Benefit There may be occasions where your sickness or accident causes multiple disabilities, each of which would normally qualify for payment under the policy. While it is not possible to pay benefits on more than one condition at any one time, your policy now stipulates that you will always be paid under the disability which qualifies for the highest benefit amount. Where you are suffering from two or more concurrent disabilities and are eligible for more than one payment for the Severely Disabled Benefit or Partially Disabled Benefit (whichever is applicable), payment will only be made for the condition that entitles you to the highest benefit. We will not pay for more than one benefit at the same time Improved Recurring Disability Benefit Your policy already has special provisions that cater for a condition which causes recurring claims. Previously, if you suffered from the same or a related condition (to the first claim) within 6 months of the earlier claim ending, this would be classified as a recurring claim and benefits would commence without a waiting period. This period has now been extended to 12 months if your policy has a benefit period longer than 5 years. This means that should the same or related condition occur, you can get paid without serving a waiting period which ensures you can access your insurance payments quicker. If you suffer from the same or a related sickness or injury within: 12 months of disability claim payments ending (if the benefit period is longer than 5 years); or 6 months of disability claim payments ending (if the benefit period is 5 years or less), we will consider your disablement as being recurring. If we consider you to have a recurring disability, the monthly payments for the Severely Disabled Benefit or Partially Disabled Benefit (as applicable) will recommence without applying a new waiting period and the benefit period will be reduced by any previous periods for which benefits were paid for the disablement and each recurrence of the disablement. 3.0 Improved Optional Benefits Below is a summary of changes to optional benefits each with a simple description of how it affects you. Some of the terms and expressions used in the policy wording quick reference below have specific meaning and the meaning of these words and expressions can be found in the glossary of our current Product Disclosure Statement (PDS). A copy of our latest PDS is available on our website, or by contacting Life Customer Service on

8 6 Enhancements Income Shield Super Some or all of these options may be limited to certain occupations only. Where you already have an optional benefit applied to your policy any improvements to that optional benefit will be automatically applied to your policy. All other new options can be applied for and will require underwriting. In the event of a claim, you will be assessed against the most recent, upgraded version of the policy. If, in your opinion, the improvements are less favourable, we will assess you against your previous policy terms. We will work with you and your adviser to ensure that the cover you have is most appropriate to your needs. Please note that if you are suffering from a preexisting condition before or at the effective date that an upgrade applies to your policy, the benefits introduced in that upgrade will not apply when assessing any claim affected by that preexisting condition. The effective date for each upgrade is denoted in the summary of changes. 3.1 Improved Increasing Claim Option Most people would not imagine their income remaining static for the rest of their working life, so why should your income protection be any different? Including the Increasing Claim Option ensures your claim payments will increase with inflation on each policy anniversary. Up until now, this increase was capped at 10%, but this has now been removed so that your claim payments can increase in line with inflation without any restrictions. Speak to your adviser now if you don t have this benefit attached to your policy. If the Increasing Claim Option applies, the Total Monthly Benefit will be increased at each policy anniversary whilst the policy owner is receiving payments by the indexation factor (the Pregnancy Premium Waiver Benefit and the Unemployment Benefit are not considered to be a payment for this purpose). When you are no longer disabled, the indexed Total Monthly Benefit will not be reduced unless the policy owner requests the reduction in writing. 3.2 New Booster Plus Option In addition to Recovery Booster, we have introduced a new Booster Plus option, which will take away the need to choose, and combines the benefits of the Recovery Booster and Booster options. This allows you to be insured for the 25% income protection gap for: the first two years of a claim, if the claim is as a result of a listed crisis condition; or the first 3 months of a claim if the Severely or Partially Disabled Benefit is payable. If the schedule states that the Booster Plus Option applies, you will be covered for all events under the Booster Option and the Recovery Booster Option. If the Booster Benefit and the Recovery Booster Benefit are payable at the same time, the higher benefit, but not both, will be payable. 4.0 Contact us If you have any queries about the automatic enhancements to your policy, or want to find out more about the optional benefits, contact your adviser, visit our website or call our Life Customer Service team on Important note This information is general advice and doesn t take into account a person s objectives, financial situation or needs. A person should consider the Product Disclosure Statement (PDS) available at and consider obtaining financial advice before making any decision about this product. This product is not a bank deposit or other bank liability. Products and services are provided by different entities in the Suncorp Group and each entity is not responsible for, does not guarantee and is not liable in any respect for products or services of other Suncorp entities. is issued jointly by Suncorp Life & Superannuation Limited ABN AFSL and Suncorp Portfolio Services Limited ABN AFSL RSE Licence No L

9 Enhancements Income Shield Super 7 This page has been left blank intentionally.

10 8 Enhancements Income Shield Super This page has been left blank intentionally.

11

12 Contact Life or the Trustee Mail Life Customer Service GPO Box 68 Sydney NSW 2001 Fax Phone (outside Sydney) Web Life state offices NSW/ACT Level Kent Street Sydney NSW 2000 GPO Box 4252 Sydney NSW 2001 T F NSW callers outside Sydney VIC/TAS Level 8 15 William Street Melbourne Vic 3000 PO Box Collins St West Melbourne VIC 8007 T F Vic callers outside Melbourne & Tasmanian callers QLD Level 4 50 McDougall Street Milton QLD 4064 PO Box 5229 West End QLD 4101 T F QLD callers outside Brisbane SA/NT Level Grenfell Street Adelaide SA 5000 PO Box 429 Unley Business Centre Unley SA 5061 T F SA callers outside Adelaide WA Level 3 37 St Georges Terrace Perth WA 6000 PO Box 444 West Perth WA 6872 T F WA callers outside Perth Suncorp Life & Superannuation Limited ABN AFS Licence No Level Kent Street Sydney NSW 2000 Suncorp Portfolio Services Limited ABN AFS Licence No RSE Licence No. L Level 18 Suncorp Centre 36 Wickham Terrace Brisbane QLD 4000 AS /01/12 B

Asteron Lifeguard Enhancements Life Cover Super

Asteron Lifeguard Enhancements Life Cover Super Enhancements Life Cover Super Contents 1.0 Summary of changes 2 2.0 Improved Included Benefits 3 2.1 Improved Special Events Increase Benefit New Trigger Events 3 2.2 Improved Removal of $2,000,000 cap

More information

Asteron Lifeguard Enhancements Income Protector

Asteron Lifeguard Enhancements Income Protector Enhancements Income Protector Contents 1.0 Summary of changes 2 2.0 Enhancements to Included Income Protector Benefits 4 2.1 Improved Partially disabled benefits to 100% of Pre-Disability Income 4 2.2

More information

Asteron Lifeguard Enhancements Total and Permanent Disablement (TPD) Stand Alone

Asteron Lifeguard Enhancements Total and Permanent Disablement (TPD) Stand Alone Enhancements Total and Permanent Disablement (TPD) Stand Alone Contents 1.0 Summary of changes 2 2.0 Improved Included Benefits 4 2.1 New Permanent Disability Increase Benefit New Trigger Events 4 2.2

More information

Asteron Lifeguard Enhancements Income Advantage

Asteron Lifeguard Enhancements Income Advantage Enhancements Income Advantage Contents 1.0 Summary of changes 2 2.0 Enhancements to Included Income Advantage Benefits 4 2.1 Improved Income Update Benefit (Agreed Value) 4 2.2 Improved Capability clause

More information

Asteron Lifeguard Enhancements Life Cover

Asteron Lifeguard Enhancements Life Cover Enhancements Life Cover Contents 1.0 Summary of changes 2 2.0 Improved Included Benefits 4 2.1 Improved Special Events Increase Benefit New Trigger Events 4 2.2 Improved Funeral Advancement Benefit Increase

More information

Adviser AT YOUR FINANCIAL SERVICE. Equate TM 6.0 User Guide. Information Guide

Adviser AT YOUR FINANCIAL SERVICE. Equate TM 6.0 User Guide. Information Guide Adviser AT YOUR FINANCIAL SERVICE Life Solutions Wealth Solutions Equate TM 6.0 User Guide Information Guide Contents Getting started 1 Adviser maintenance 1 Equate roadmap 2 Case study 7 A few tips 7

More information

Zurich Life Risk Zurich Income Replacement

Zurich Life Risk Zurich Income Replacement Product Summary Issued 1 March 2015 Zurich Life Risk Zurich Income Replacement Adviser use only Summary These tables outline the in-built benefits, optional extras and product parameters for Zurich Income

More information

WA Super Insurance Guide

WA Super Insurance Guide MY SUPER APPROVED WA Super Insurance Guide The information in this document forms part of the WA Super Product Disclosure Statement, November 2013 You should read the PDS in conjunction with this Member

More information

Taxation of insurance payments through super Fact Sheet - October 2014

Taxation of insurance payments through super Fact Sheet - October 2014 Taxation of insurance payments through super Fact Sheet - October 2014 Insurances such as life, total and permanent disability (TPD) and income protection (IP) can be taken through super. The trustee of

More information

Insurance through super strategies

Insurance through super strategies Insurance through super strategies For advisers Inside super or outside super? Insurance is quite often held within super because the premiums can be paid from accumulated super balances or employer contributions.

More information

Life insurance how much cover is needed? Fact Sheet - October 2014

Life insurance how much cover is needed? Fact Sheet - October 2014 Life insurance how much cover is needed? Fact Sheet - October 2014 This fact sheet examines various methods of estimating the level of personal life insurance to be taken by an individual. The calculation

More information

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans ANZ Smart Headline Choice goes Super here ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Tailored Employer Plans Legal entity referred to in this Guide Name of

More information

Comparison of insurance - inside and outside super Fact Sheet - October 2014

Comparison of insurance - inside and outside super Fact Sheet - October 2014 Comparison of insurance - inside and outside super Fact Sheet - October 2014 Insurance is quite often held within super because the premiums can be paid from accumulated super balances or employer contributions.

More information

Insurance guide. SignatureSuper AMP Life Association and Personal fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper AMP Life Association and Personal fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life Association and Personal fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document

More information

Product Summary Zurich Income Replacement Insurance Plus

Product Summary Zurich Income Replacement Insurance Plus Zurich Life Risk Product Summary Zurich Income Replacement Insurance Plus Zurich proudly supports Adviser use only. Preparation Date: 1 April 2008 Zurich Australia Limited ABN 92 000 010 195 AFSLN 232510

More information

Professional Insurance Portfolio

Professional Insurance Portfolio Product Disclosure Statement Please read this Product Disclosure Statement carefully. It contains important information about the above product. Version 9 Issued 6 June 2014 Professional Insurance Portfolio

More information

Flexible Lifetime Super

Flexible Lifetime Super Issued ₁ July ₂₀₁₅ Flexible Lifetime Super Insurance fact sheet Registered trademark of AMP Life Limited ABN 84 079 300 379. This document is a fact sheet for the product disclosure statement (PDS) dated

More information

Core Super MySuper. Insurance & Other Important Information 3 August 2015

Core Super MySuper. Insurance & Other Important Information 3 August 2015 Core Super MySuper Insurance & Other Important Information 3 August 2015 As a Core Super MySuper member you have Income Protection as well as Life and Total and Permanent Disablement [TPD] Insurance available

More information

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the

More information

Superannuation and Residency Fact Sheet - October 2014

Superannuation and Residency Fact Sheet - October 2014 Superannuation and Residency Fact Sheet - October 2014 A change in residence has significant implications for superannuation. A number of issues arise when an individual relocates overseas whether temporarily

More information

Priority Protection for Platform Investors Supplementary Product Disclosure Statement

Priority Protection for Platform Investors Supplementary Product Disclosure Statement Priority for Platform Investors Supplementary Product Disclosure Statement 1 July 2014 Life s better with the right partner This Priority for Platform Investors Supplementary Product Disclosure Statement

More information

Important changes to insurance

Important changes to insurance Important changes to insurance Effective 1 July 2013 rest.com.au 1800 063 627 Contents Why have these changes been made? 2 New cover levels 2 New insurance costs 5 Access to higher cover under the new

More information

ANZ Smart Choice Super. Insurance Guide For employers and their employees

ANZ Smart Choice Super. Insurance Guide For employers and their employees ANZ Smart Choice Super Insurance Guide For employers and their employees INSURANCe GUIDE 11 NOVEMBER 2013 ANZ Smart Choice Super Entity details in this Insurance Guide Name of legal entity Registered numbers

More information

Group Income Protection For Employees

Group Income Protection For Employees Group Income Protection For Employees Product Disclosure Statement Issue Date 1 February 2014 Contents 1 About this document 2 Important notes 2 About Hannover 3 About UPlus 3 UPlus administration 3 How

More information

Group Income Protection For Employees. Product Disclosure Statement Issue Date 1 September 2011 (Updated March 2014)

Group Income Protection For Employees. Product Disclosure Statement Issue Date 1 September 2011 (Updated March 2014) Group Income Protection For Employees Product Disclosure Statement Issue Date 1 September 2011 (Updated March 2014) Contents 1 About this document 2 How CivilCover works 2 About Hannover 3 About Coverforce

More information

Priority Protection. Product Disclosure Statement Version 13, Date Prepared 1 March 2014. Life s better with the right partner

Priority Protection. Product Disclosure Statement Version 13, Date Prepared 1 March 2014. Life s better with the right partner Priority Product Disclosure Statement Version 1, Date Prepared 1 March 2014 Life s better with the right partner Important Notes This Product Disclosure Statement ( PDS ) describes the main features of

More information

Insurance guide. SignatureSuper MetLife fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper MetLife fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper MetLife fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the

More information

Group Income Protection For Employees

Group Income Protection For Employees Group Income Protection For Employees Product Disclosure Statement Issue Date 1 September 2011 Contents 1 About this document 2 How CivilCover works 2 About Hannover 3 About Coverforce 3 CivilCover administration

More information

Protecting you and your family. Insurance guide. www.csf.com.au. Effective 1 April 2014

Protecting you and your family. Insurance guide. www.csf.com.au. Effective 1 April 2014 Protecting you and your family Insurance guide Effective 1 April 2014 www.csf.com.au Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the Catholic Superannuation Fund ABN 50 237 896

More information

BT Lifetime Super Employer Plan

BT Lifetime Super Employer Plan BT Lifetime Super Employer Plan Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional

More information

Issued ₁ July ₂₀₁₅. Insurance Guide. SignatureSuper AIA fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379.

Issued ₁ July ₂₀₁₅. Insurance Guide. SignatureSuper AIA fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. Issued ₁ July ₂₀₁₅ Insurance Guide SignatureSuper AIA fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the product

More information

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015 BT Business Super Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional Information

More information

Business succession insurance ownership Fact Sheet - October 2014

Business succession insurance ownership Fact Sheet - October 2014 Business succession insurance ownership Fact Sheet - October 2014 When creating a life insurance solution for clients there needs to be a recommendation of the correct amount and type of insurance cover.

More information

Suncorp Income Protection. Policy Document

Suncorp Income Protection. Policy Document Suncorp Income Protection Policy Document Contents 1.0. Important information 3 2.0. Cooling off period 4 3.0. When does cover start and stop? 4 4.0. Benefits under this policy 5 5.0. When we wont pay

More information

Zurich Life Risk Zurich Income Protector / Plus

Zurich Life Risk Zurich Income Protector / Plus Product Summary Issued 21 December 2015 Zurich Life Risk Zurich / Adviser use only Summary These tables outline the in-built benefits, optional extras and product parameters for Zurich. They show which

More information

Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT. Steadfast 1

Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT. Steadfast 1 Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT Steadfast 1 CONTENTS OVERVIEW Overview 3 General advice notice 3 How to read this document 3 How to contact us 3 About MetLife 4 About Steadfast

More information

AIA Australia Limited (ABN 79 004 837 861 AFSL 230043) PO Box 6111 St Kilda Road Central VIC 8008 Phone : 1800 333 613 Fax : 1800 832 266 AIA.COM.AU POLICY NO. MP 9926 ENDORSEMENT 4 To be attached to and

More information

Business insurance how much cover is needed? Fact Sheet - October 2014

Business insurance how much cover is needed? Fact Sheet - October 2014 Business insurance how much cover is needed? Fact Sheet - October 2014 This fact sheet examines various methods of estimating the level of business insurance. The calculation methods do not take account

More information

LIFE INSURANCE. Product Disclosure Statement

LIFE INSURANCE. Product Disclosure Statement LIFE INSURANCE Product Disclosure Statement This product and Product Disclosure Statement are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the brand, AAMI. Contents

More information

ANZ Super Advantage INSurANce GuIde

ANZ Super Advantage INSurANce GuIde ANZ Super Advantage Insurance Guide 27 February 2012 ANZ Super Advantage Entity details in this Insurance Guide Name of legal entity Registered numbers Abbreviated terms used throughout this Guide OnePath

More information

GIO Funeral Insurance

GIO Funeral Insurance GIO Funeral Insurance Product Disclosure Statement and Policy Document Prepared on: 19 September 2014 Effective date: 20 October 2014 This product and combined Product Disclosure Statement and Policy Document

More information

Income protection claims

Income protection claims PSSap14 04/12 Income protection claims Who should read this? Members with income protection cover who have not worked for an extended period of time due to injury or sickness and wish to claim for income

More information

ACE VOLUNTARY WORKERS INSURANCE

ACE VOLUNTARY WORKERS INSURANCE ACE VOLUNTARY WORKERS INSURANCE SUMMARY OF KEY CHANGES Please note: This document provides a brief summary of the key changes made to the ACE Voluntary Workers Insurance Wording and Product Disclosure

More information

Priority Protection for Platform Investors

Priority Protection for Platform Investors Priority for Platform Investors Product Disclosure Statement Version 1.1, Date Prepared 22 August 2014 Life s better with the right partner Important Notes This Product Disclosure Statement ( PDS ) describes

More information

St.George Protection Plans for Mortgage Customers

St.George Protection Plans for Mortgage Customers St.George Protection Plans for Mortgage Customers Product Disclosure Statement and Financial Services Guide Term Life for Mortgages Income Protection for Mortgages Effective date: 1 June 2015 This is a

More information

Protection Plans for Mortgage Customers

Protection Plans for Mortgage Customers Westpac Protection Plans for Mortgage Customers Product Disclosure Statement and Financial Services Guide Term Life for Mortgages Income Protection for Mortgages Effective date: 1 June 2015 This is a Combined

More information

Funeral Plan. Product Disclosure Statement. Rewarding experience

Funeral Plan. Product Disclosure Statement. Rewarding experience Funeral Plan Product Disclosure Statement Rewarding experience This product and product disclosure statement are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the

More information

BT Protection Plans for Mortgage Customers

BT Protection Plans for Mortgage Customers BT Protection Plans for Mortgage Customers Product Disclosure Statement and Financial Services Guide Term Life for Mortgages Income Protection for Mortgages Effective date: 1 June 2015 This is a Combined

More information

Asteron Life Complete. Product Disclosure Statement and Policy Document

Asteron Life Complete. Product Disclosure Statement and Policy Document Asteron Life Complete Product Disclosure Statement and Policy Document Issue 1 Issued 12 March 2014 Preparation Date 13 February 2014 Asteron Life Complete Supplementary Product Disclosure Statement (SPDS)

More information

At a glance. Income Protection. Protection to survive life s ups and downs.

At a glance. Income Protection. Protection to survive life s ups and downs. At a glance Protection to survive life s ups and downs. P r o t e c t i o n f i r s t Why Protection? With Protectionfirst you have peace of mind knowing that you and your family will be financially secure

More information

Suncorp Life Protect Product Disclosure Statement

Suncorp Life Protect Product Disclosure Statement Suncorp Life Protect Product Disclosure Statement Prepared on: 20 February 2015 Effective date: 30 March 2015 Important Information This is the Product Disclosure Statement (PDS) for Suncorp Life Protect.

More information

ACE JOURNEY ACCIDENT INSURANCE

ACE JOURNEY ACCIDENT INSURANCE ACCIDENT & HEALTH ACE JOURNEY ACCIDENT INSURANCE SUMMARY OF KEY CHANGES Please note: This document provides a brief summary of the key changes made to the ACE Journey Accident Insurance Policy Wording

More information

sgard s choice of insurance options comparison guide

sgard s choice of insurance options comparison guide sgard s choice of insurance options comparison guide Page 1 Policy comparison for insurance through Asgard super accounts Page 2 Life/Total & Permanent Disablement (TPD) comparison Page 6 Income Protection/Salary

More information

SUPERANNUATION. Integra Super OnePath Life Limited. Insurance Guide

SUPERANNUATION. Integra Super OnePath Life Limited. Insurance Guide SUPERANNUATION Integra Super OnePath Life Limited Insurance Guide 27 February 2012 Integra Super Entity details in this Insurance Guide Name of legal entity Registered numbers Abbreviated terms used throughout

More information

Product Disclosure Statement

Product Disclosure Statement GIO Funeral Plan Product Disclosure Statement This product and Product Disclosure Statement are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the brand, GIO. Important

More information

Energy Super Insurance Guide. Prepared and issued 30 April 2013

Energy Super Insurance Guide. Prepared and issued 30 April 2013 Energy Super Insurance Guide Prepared and issued 30 April 2013 Contents Insurance Overview 1 Death & Total and Permanent Disablement cover 1 Income Protection cover 9 Other insurance information 15 Definitions

More information

Why recommend Zurich s income replacement policies?

Why recommend Zurich s income replacement policies? Why recommend Zurich s income replacement policies? Zurich Life Risk D100% ISABLEMENT DEFINITION GENUINE THREE-TIERED The leading income protection policy keeps getting better! Our income replacement policy

More information

protecting you and your family

protecting you and your family protecting you and your family Insurance guide Effective 1 July 2015 Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the MyLifeMyMoney Superannuation Fund ABN 50 237 896 957 mylifemyinsurance.com.au

More information

Suncorp Funeral Plan. Product Disclosure Statement

Suncorp Funeral Plan. Product Disclosure Statement Suncorp Funeral Plan Product Disclosure Statement Prepared on: 14 February 2014 Effective date: 12 March 2014 Important information This is the Product Disclosure Statement (PDS) for Suncorp Funeral Plan.

More information

DISABILITY INCOME PROTECTION TotalCareMax Adviser information

DISABILITY INCOME PROTECTION TotalCareMax Adviser information Life Disability Income Protection Adviser information DISABILITY INCOME PROTECTION TotalCareMax Adviser information Life. Take charge. sovereign.co.nz HOW SOVEREIGN S DISABILITY INCOME PROTECTION COVER

More information

MLC Personal Protection Portfolio MLC Life Cover Super

MLC Personal Protection Portfolio MLC Life Cover Super MLC Personal Protection Portfolio MLC Life Cover Super Product disclosure statement This Product Disclosure Statement was prepared by: MLC Limited ABN 90 000 000 402 AFSL 230694 Issuer of MLC Personal

More information

Income Protection Policy Addendum Dated 10 October 2010

Income Protection Policy Addendum Dated 10 October 2010 Income Protection Policy Addendum Dated 10 October 2010 Policy Addendum for Income Protection Please read this document and keep it in a safe place with your Income Protection Policy Document. It is important

More information

Client reports without the wait

Client reports without the wait Adviser AT YOUR FINANCIAL SERVICE Life Solutions Wealth Solutions Client reports without the wait Your guide to downloading updated client reports and client listings from WealthSolutions. Meeting with

More information

Redundancy A guide to the right choices

Redundancy A guide to the right choices 1 July 2007 Redundancy A guide to the right choices Inside this guide Introduction What benefits will you receive? How are these benefits taxed? What to consider when receiving an employment termination

More information

INSURANCE Group Salary Continuance Insurance

INSURANCE Group Salary Continuance Insurance INSURANCE Group Salary Continuance Insurance Product Disclosure Statement 15 November 2010 About OnePath Helping you shape and protect your future OnePath Life Limited (OnePath Life) is one of Australia

More information

Insurance Guide. 15 December 2014. Contents. Important information. For more information

Insurance Guide. 15 December 2014. Contents. Important information. For more information Insurance Guide 15 December 2014 Contents 1. Insurance in your Super... 2 2. Complete Super at a glance... 2 3. Death and TPD cover... 2 4. Income Protection insurance cover... 4 6. Group Income Protection

More information

Insurance. Who should read this? What you re covered for. What you should know up front. Why should I have Death, TPD and IP cover?

Insurance. Who should read this? What you re covered for. What you should know up front. Why should I have Death, TPD and IP cover? PSSap11 04/12 Insurance Who should read this? Members who want information about death, total permanent disability (TPD) income protection (IP) insurance. What you should know up front It is important

More information

Income Protection Fact Sheet

Income Protection Fact Sheet Income Protection Fact Sheet Who should read this fact sheet? The information in this fact sheet applies to most Defined Contribution (accumulation) members of Energy Super. It is not relevant to Defined

More information

Suncorp Financial Protection Plan Product Disclosure Statement

Suncorp Financial Protection Plan Product Disclosure Statement Suncorp Financial Protection Plan Product Disclosure Statement Suncorp Financial Protection Plan Product Disclosure Statement Prepared on: 29 September 2003 Issuer: Suncorp Life & Superannuation Ltd (

More information

Building and protecting your wealth the tax effective way

Building and protecting your wealth the tax effective way Building and protecting your wealth the tax effective way Strategies guide 2014/2015 The lead up to End of Financial Year (EOFY) provides a good opportunity to review your wealth creation plans. At this

More information

NESS Super Insurance changes. NESS Super Insurance changes. NESS Super, we ve got you covered...

NESS Super Insurance changes. NESS Super Insurance changes. NESS Super, we ve got you covered... NESS Super Insurance changes NESS Super Insurance changes NESS Super, we ve got you covered... Insurance Guide Insured Benefits from 1 July 2013 1 Default Insurance cover This information should be read

More information

Financial Services Guide. Anne Street Partners Financial Services Pty Ltd

Financial Services Guide. Anne Street Partners Financial Services Pty Ltd Financial Services Guide Anne Street Partners Financial Services Pty Ltd Financial Services Guide (FSG) Anne Street Partners Financial Services Pty Ltd ABN 25 107 671 563. Level 14, 383 Kent Street, Sydney

More information

POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01

POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01 AIA Australia Limited (ABN 79 004 837 861 AFSL 230043) PO Box 6111 St Kilda Road Central VIC 8008 Phone : 1800 333 613 Fax : 1800 832 266 AIA.COM.AU POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01 This

More information

AXA Group Insurance. Group Income Continuance Insurance Policy. Fonterra Welfare Fund. Important Note

AXA Group Insurance. Group Income Continuance Insurance Policy. Fonterra Welfare Fund. Important Note AXA Group Insurance Group Income Continuance Insurance Policy Fonterra Welfare Fund Important Note Cover will not commence under this Policy until all of the following applies: 1. You accept our (the Insurer

More information

Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement

Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement 1 July 2015 About this Supplement The information in this Supplement forms part of the Reliance Super

More information

Asteron Lifeguard. Issue 5

Asteron Lifeguard. Issue 5 Asteron Lifeguard Issue 5 Insurance information for your reference Life Cover Total and Permanent Disablement Stand Alone Recovery Package Recovery Stand Alone Income Shield Income Protector Income Advantage

More information

Individual insurance transfer

Individual insurance transfer AON MASTER TRUST Individual insurance transfer Use this form if you are a current member or joining the Aon Master Trust as a new member and you wish to transfer your current insurance cover with another

More information

MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A

MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A If you have Income Protection cover you may be eligible to increase your cover to ensure it keeps up with

More information

Asgard Personal Protection Package

Asgard Personal Protection Package Asgard Personal Protection Package Supplementary Product Disclosure Statement (SPDS) This SPDS is dated 1 February 2009 and relates to the Product Disclosure Statement (PDS) dated 18 February 2008 for

More information

Initial Claim Form Income Protection

Initial Claim Form Income Protection Initial Claim Form Income Protection March 2014 OnePath Custodians Pty Limited (OnePath Custodians) ABN 12 008 508 496 AFSL 238346 RSE L0000673 OnePath Life Limited (OnePath Life) ABN 33 009 657 176 AFSL

More information

Issued by. Product disclosure statement. Smart Shield Income Protection

Issued by. Product disclosure statement. Smart Shield Income Protection Issued by Product disclosure statement Smart Shield Income Protection Issue date: 1 August 2012 About the Product Providers MetLife MetLife, an affiliate of MetLife Inc., is a specialist provider of life

More information

Personal Choice Private Insurance Service

Personal Choice Private Insurance Service Personal Choice Private Insurance Service Product Disclosure Statement I Issue date: 28 March 2011 Life Protection Total & Permanent Disablement (TPD) Salary Continuance Please read this Product Disclosure

More information

Tasmanian Accumulation Scheme Death and Incapacity Cover

Tasmanian Accumulation Scheme Death and Incapacity Cover Death and Incapacity Cover Retirement Benefits Fund Tasmanian Accumulation Scheme Death and Incapacity Cover Information in this brochure is current as at 18 January 2012 Retirement Benefits Fund Tasmanian

More information

PEOPLE FOCUS PEOPLE RISK &EMPLOYEE BENEFITS UPDATE IN THIS EDITION

PEOPLE FOCUS PEOPLE RISK &EMPLOYEE BENEFITS UPDATE IN THIS EDITION PEOPLE FOCUS March 2011 Willis New Zealand Ltd PEOPLE RISK &EMPLOYEE BENEFITS UPDATE Welcome to the March 2011 edition of our People Risk & Employee Benefits publication PEOPLE FOCUS IN THIS EDITION In

More information

Tech Update September 2005

Tech Update September 2005 A Tech Update September 2005 Understanding insurance and Including insurance within can be of benefit to many clients, however there are also complex issues which need to be considered. This Tech Update,

More information

Macquarie Superannuation Plan Group Income Protection Contract

Macquarie Superannuation Plan Group Income Protection Contract Macquarie Superannuation Plan Group Income Protection Contract This Contract applies to the following products: Macquarie Superannuation Insurance Macquarie Super Manager Life Insurance SuperOptions Insurance

More information

ACCIDENTAL DEATH INSURANCE

ACCIDENTAL DEATH INSURANCE ACCIDENTAL DEATH INSURANCE Product Disclosure Statement This product and Product Disclosure Statement are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the brand,

More information

MLC Insurance Enjoy life

MLC Insurance Enjoy life MLC Insurance Enjoy life Enjoy life! Enjoying life is all about living today. But it s not always easy if you are worried about tomorrow. So rather than worrying about what may or may not happen, insure

More information

Westpac Protection Plans

Westpac Protection Plans Westpac Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 1 July 2014 This SPDS is dated 1 July 2014 and supplements the information contained in the Westpac

More information

ENERGY SUPER INSURANCE GUIDE. Prepared and issued 1 July 2015

ENERGY SUPER INSURANCE GUIDE. Prepared and issued 1 July 2015 ENERGY SUPER INSURANCE GUIDE Prepared and issued 1 July 2015 CONTENTS Insurance Overview 1 Death & TPD cover 1 Income Protection cover 10 Other insurance information 18 Definitions 19 ABOUT THIS ENERGY

More information

To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET

To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET > 1 Income Protection insurance provides a fortnightly income of up to 75% of your salary while you are off work due to temporary or permanent incapacity for a maximum period of 24 months or to age 60,

More information

Product Disclosure Statement Insurance Guide ING Life Limited

Product Disclosure Statement Insurance Guide ING Life Limited Product Disclosure Statement Insurance Guide ING Life Limited Effective 1 October 2007 The Employer PDS is comprised of: Employer Guide Member Guide Investment Choice Guide Insurance Guide (this guide)

More information

Reference Number Policy Number Sex M F Age

Reference Number Policy Number Sex M F Age Reference Number Policy Number Sex M F Age The insured is responsible for completion of this form without expense to the company Patient s name and address What is disabling patient? Please give a complete

More information

Tasplan Super Insurance Booklet ISSUED JANUARY 2015

Tasplan Super Insurance Booklet ISSUED JANUARY 2015 Tasplan Super Insurance Booklet ISSUED JANUARY 2015 TASPLAN INSURANCE BOOKLET Contact Details Head Office: Level 8, 1 Franklin Wharf Hobart TAS 7000 Postal Address: GPO Box 1547 Hobart TAS 7001 Telephone:

More information

Suncorp Accidental Death Plan. Product Disclosure Statement

Suncorp Accidental Death Plan. Product Disclosure Statement Suncorp Accidental Death Plan Product Disclosure Statement Prepared on: 14 February 2014 Effective date: 12 March 2014 Important Information This is the Product Disclosure Statement (PDS) for Suncorp Accidental

More information

Funeral Plan. Rewarding experience

Funeral Plan. Rewarding experience Funeral Plan Policy Document Rewarding experience This product and policy document are issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFSL 229880 under the brand, Apia. Contents 1.0.

More information

Financial services guide

Financial services guide Macquarie Equities Limited About this document This Financial Services Guide (Guide) is an important document that outlines the types of products and services that Macquarie Equities Limited ( MEL, we,

More information

BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 22 August 2011

BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 22 August 2011 BT Protection Plans Supplementary Product Disclosure Statement and Policy Addendum (SPDS) Dated 22 August 2011 This SPDS is dated 22 August 2011 and supplements the information contained in the BT Protection

More information

Priority Protection for Platform Investors

Priority Protection for Platform Investors Priority Protection for Platform Investors Product Disclosure Statement Version 12, Issued 8 June 2013 aia.com.au Life s better with the right partner Who issues Priority Protection for Platform Investors?

More information