Information Guide Booklet. Life Insurance
|
|
- Curtis Leonard
- 8 years ago
- Views:
Transcription
1 Information Guide Booklet Life Insurance This Information Guide booklet provides you with general information only. It will also help you to better understand any recommendations we have made for you.
2 Information Guide Life Insurance January 2013 About Us Newealth is an independently owned Australian private company. Not being owned by any banks, life insurance companies or fund managers has permitted Newealth to better service clients, identify strategies and recommend solutions that meet their needs. This Information Guide provides you with general information only about the advantages and disadvantages of holding retail life insurance. It will also help you to better understand any recommendations we have made for you in this regard. Newealth will provide you with a product disclosure statement in the event that any specific product recommendations are made. This is an important document that you should read before making any decisions to act on the recommendations. Why purchase life insurance? We take risks in life every day. You've been that person who runs across the road right next to the pedestrian crossing at least once. You ve probably driven a car. You might fly on an airplane. You probably drink alcohol or at least you used too. Maybe you smoke. You've no doubt eaten take away food that may be unhealthy. A cash payment resulting from a life insurance policy following a death or disability can for example help: Replace income with a non-taxable lump sum, Reduce the financial/psychological burden on a family of having to continue without the main breadwinner, Pay for children s education, Repay the mortgage, investment loans and other debts, Pay for funeral expenses, pay the capital gains tax as a result of having to realise assets for cash due to death or disability. Once the application for life insurance cover has been accepted by the insurer then it cannot be cancelled for so long as the premiums are paid so any changes in the life insured s health will not have any impact on the policy coverage or premiums. Applicants must however comply with a statutory duty to disclose all relevant matters to the insurer when applying for cover. Newealth will assist you in this process.
3 Most people do not purchase life insurance because they underestimate the probability of death or disability. Some startling facts show that reality is quite different: Over 90% of deaths in Australia are from the Big 3 diseases - cancer, stroke and cardiovascular disease. (Pfizer Australia Case Study Series 2006.) Almost over 80% of the adult Australian population has at least one of the risk factors that lead to the Big 3 diseases: tobacco smoking, physical inactivity, high blood pressure, obesity, high cholesterol. (Pfizer Australia Case Study Series 2006.) Over 60% of those aged 60 or more exhibited the highest relative levels of diabetes. (Pfizer Australia Case Study Series 2006.) Over 85,000 Australians are diagnosed with cancer every year and 35,000 are killed. (Pfizer Australia Case Study Series 2006.) It was estimated that 3.2 million Australians or 17% of the population has cardiovascular conditions. The same disease killed nearly 50,000 in (Pfizer Australia Case Study Series 2006.) Whether you have dependents of your own or you would become dependent on someone if you lost your job due to a serious illness or injury, it is time to look into insurance. Death Only Insurance Death only insurance (also referred to as Term insurance) pays a lump sum upon the death of the life insured. In the event of the persons death the lump sum could assist in paying off any outstanding debts such as a mortgage. The amount of death only insurance should usually be in excess of debts to assist your family especially if you have children. Payment is made to the legal owner of the policy who need not have any relationship to the life insured. A beneficiary(ies) can be nominated to receive the proceeds even though the beneficiary is not a party to the contract or has any relationship to the life insured or policy owner. E.g. a charity. Generally no insurance is paid if death occurs from suicide or intentional self-inflicted injury within 13 months of the commencement or reinstatement date (if the policy has lapsed) of the policy. Premiums can become more expensive as your age increases.
4 Typically, the policyholder can be the spouse, a business partner or an employer or the life insured. Upon death of the insured, the lump sum is paid to the policy owner (or the insured's estate if self owned) and can be used in any way chosen. For most policies payment will also occur in the event of a terminal illness. A terminal illness means that you have been diagnosed by a specialist medical practitioner as having a life expectancy of 12 months or less due to an illness, regardless of any treatment that may be undertaken. Generally there is no cash back component in the policy i.e. if you do not claim, you do not get anything back in return for the premiums that you have paid. Cover will expire at a certain age in some cases as late as the life insured s 99th birthday. Total & Permanent Disablement Insurance (TPD) TPD can be taken as a stand alone policy but more commonly it is taken as an additional benefit with Death Only. It provides a lump sum payment in the event of the life insured becoming totally and permanently disabled. You will receive a lump sum payment if you are unable ever return to work or lose a combination of limbs or sight. Benefits not paid unless the nature of the disability is permanent as well as total in nature. Generally no benefit is paid if the disability occurs as a result of a self inflicted injury. Does not cover major health trauma unless the result of that trauma is total and permanent disability. Trauma Insurance Trauma insurance pays a lump sum payment for those who suffer a major health trauma and is paid on the actual occurrence and/or diagnosis of the incident. Benefits are usually paid out for a trauma within a set list of defined medical conditions covered by the policy.
5 There are basic trauma policies and there are extended trauma policies that cover a greater number of events. Lump sum payment on the diagnosis of one of the listed medical conditions. Paid on the diagnosis of a terminal illness. Buyback options can give you the ability to automatically reinstate your Death cover where it has been reduced by the amount of a Trauma claim payment. Premiums become more expensive as your age increases and in the older age groups can become prohibitive. There is no cash back component in the policy i.e. if you do not make a claim, you will not get anything back in return for the premiums that you have paid. Income Protection Is designed to replace some of your income if you are unable to work due to sickness or injury. Your most valuable asset is the ability to produce an income during your working life and this should be protected. The policies can be structured in several different ways to suit your needs with additional options and benefits such as increasing claim payments in line with inflation. You can also cover your business expenses if you are in business. Replaces up to 75% (and higher in some cases) of your monthly income so that in the event of prolonged illness, income needs can continue to be met. The definitions of not working are very reasonable, often if you cannot perform just one of your normal work duties the claim will still be paid. Can also pay a benefit for specific injuries regardless of whether you are working or not. The amount of monthly benefit will be reduced by any amounts that might be paid to you from other sources as a result of the injury or disability that you are claiming for. For example, if injured at work then the monthly benefit will be reduced by any amounts that are paid to you by your employer as a result of the injury. Does not provide a large tax free lump sum benefit. Any benefit paid is likely to form a part of your assessable income for taxation purposes. (Check with your tax adviser.)
6 Importantly, the cost of income protection is generally fully tax deductible. The cost varies significantly based upon the waiting period, benefit period, amount of income insured and the insured occupation. How are insurance premiums calculated? Applying for insurance means you are outsourcing risk to a insurance company. In order for the underwriters to decide whether to take on your risk (i.e. insure you), they take into consideration four main factors: 1. Your age- The older you are when you apply, the more likely you are to claim and therefore the higher the premium. 2. Your Gender - Females generally live longer than males and so usually pay lower premiums for death cover. However statistics show that they are more likely to suffer a disability event and so usually pay more for income protection insurance. 3. Smoker or non-smoker- Smokers will pay a higher premium due to being more likely to suffer a critical illnesses. 4. Amount of cover- - Larger amounts of cover will cost more in premiums but often discounts are available to reflect the fixed costs in maintaining the policy.. Definitions Stepped premiums means that the premium increases with the life insured person s age. The premiums will also increase automatically in line with the cover if it is linked to inflation. Level premiums mean that the premium rates remain the same. The insurer can only increase the premium rates if it does so for all level premium policies. Initially level premiums will be higher than stepped premiums in the early years of the policy but over the long-term will generally cost less. The premiums will increase automatically in line with the cover if it is linked to inflation. Indemnity Policy means that if your income reduces in the future the policy will only pay 75% of your lower income level and not the monthly benefit amount. Premiums for Indemnity cover are lower than Agreed Value premiums. Agreed Value Policy requires you to provide financial evidence to prove your income at the time of application and the insurance company agrees to insure you for the monthly benefit. This means that in the future, regardless whether your income reduces you will be paid the agreed monthly benefit amount in the event of a claim. An Agreed Value policy will provide certainty at time of claim.
7 How much insurance do I need? A well chosen life insurance plan should ensure you will be able to afford to maintain your lifestyle and to provide a financial cushion for your family in the event of an accident, serious illness or death. It is important that you engage the advice of an expert in determining the types and levels of cover. Newealth would be happy to assist you in these matters. Review Your life insurance needs should be reviewed at a minimum of once per annum or more often on the occurrence of a life changing event such as the birth of a child or entering into a mortgage.
A simple guide to Life Insurance
A simple guide to Life Insurance Your guide to Life, Income Protection, Trauma, and Total & Permanent Disability Insurance. Lifebroker Pty Ltd ABN 92 083 177 011 Introduction Why do I need personal insurance?...
More informationHow much insurance cover?
How much insurance cover? We consider life and TPD insurance coverage to be family protection it is about protecting your family. Life Insurance The purpose of life insurance is to provide your dependants
More informationSimply Smarter Life Insurance. Budget Direct Life Insurance and Budget Direct Accidental Death Insurance Product Disclosure Statement
Simply Smarter Life Insurance Budget Direct Life Insurance and Budget Direct Accidental Death Insurance Product Disclosure Statement Budget Direct Life Insurance and Budget Direct Accidental Death Insurance
More informationZurich Wealth Protection
Issue Date: 21 December 2015 Zurich Wealth Protection Product Disclosure Statement including policy conditions This PDS, prepared on 25 November 2015, is provided in two parts: Part 1 Policy information
More informationFlexible 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 informationLIFE 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 informationIncludes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.
Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. WHAT IS INSURANCE? It s simply the transference of a risk from yourself to the Insurer. By paying the
More informationInsurance facts you should know
Insurance facts you should know 2 Insurance facts you should know Contents 1 Even non-income earners need to be insured 2 Inside or Outside super? 3 Your insurance needs change on an annual basis 4 Different
More informationProfessional 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 informationInsurance facts you should know
Insurance facts you should know contents 1 Even 2 Inside 3 Your 4 tpd, non-income earners need to be insured or Outside super? insurance needs change on an annual basis Income Protection, Life Insurance
More informationProduct Disclosure Statement
Product Disclosure Statement 30 September 2013 ClearView LifeSolutions is issued by ClearView Life Assurance Limited: ABN 12 000 021 581, AFS Licence No. 227682. ClearView LifeSolutions Super is issued
More informationSuncorp 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 informationInsurance facts you should know
Insurance facts you should know 2 Insurance facts you should know Contents 1 Even non-income earners need to be insured 2 Inside or Outside super? 3 Your insurance needs change on an annual basis 4 Different
More informationMLC 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 informationMemberCare Life Insure Policy
MemberCare Life Insure Policy Product Disclosure Statement incorporating the Policy Wording Your family s complete protection Introduction & Welcome We understand how important it is to be comfortable
More informationPriority 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 informationSpecimen copy of the Master Policy. Life Protection for Superannuation Accounts
Specimen copy of the Master Policy Life Protection for Superannuation Accounts Asgard Capital Management Limited ABN 92 009 279 592 AFSL 240695 is the Trustee and Administrator and is the owner of this
More informationLife and protection insurance explained
protection? Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If
More informationCommInsure Protection
CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Issue date: 11 May 2014 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer, The Colonial
More informationAMP Risk Protection Plan Booklet. Protect what s most important to you
AMP Risk Protection Plan Booklet Protect what s most important to you No matter how cautious we are, the unexpected can happen to any one of us, at any time. And our lives can change in a split second.
More informationUnderstanding insurance
Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published
More informationPersonal insurance. What is insurance? What is personal insurance? Life insurance. Fact sheet
Fact sheet Personal insurance Current as at 15 April 2012 What is insurance? Insurance is an agreement with an insurance company to pay you a sum of money if something is damaged or lost. It is form of
More informationGIO 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 informationUnderstanding insurance Version 5.0
Understanding insurance Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document
More informationCOVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT
COVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT THE EASY WAY TO PROTECT YOUR FAMILY You ve made the smart decision to learn about life insurance. Now we can make it easy for you to
More informationLife insurance and TPD cover. Protect their tomorrows
Life insurance and TPD cover Protect their tomorrows Life cover and Total and Permanent Disablement (TPD) cover provide you with the comfort of knowing that a lump sum will be paid if you were to die,
More informationSuncorp 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 informationUnderstanding Insurance
Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. Important
More informationLIFE AND PROTECTION INSURANCE EXPLAINED
LIFE AND PROTECTION INSURANCE EXPLAINED INTRODUCTION Most of us would like to think that when our lives come to an end, we ll be old, our loved ones will be financially secure and our financial responsibilities
More informationProduct Summary. Life s better with the right partner. Life Cover. November 2015. Complimentary Final Family Expenses. Why consider Life Cover?
Product Summary November 2015 Life s better with the right partner This is a summary of the main features and terms of the AIA Australia Priority Protection for Platform Investors product. For full details,
More informationPERPETUAL WEALTHFOCUS SUPER PLAN
PERPETUAL WEALTHFOCUS SUPER PLAN Insurance Book INSURANCE BOOK Dated 17 April 2015 Issued by Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315 IMPORTANT NOTES This Insurance
More informationLife and Protection Insurance explained
OPW 01 (03/11) Demographik Life and Protection Insurance explained Openwork Limited is authorised and regulated by the Financial Services Authority. Registered in England 4399725. Registered office: Tri
More informationSuncorp 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 informationSerious-illness insurance
Serious-illness insurance for independent information About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help you make informed decisions
More informationProduct Disclosure Statement
Product Disclosure Statement For NAB Mortgage Protect Preparation Date: 23 June 2012 Issue No. 1 This Product Disclosure Statement (PDS) is issued by: MLC Limited, ABN 90 000 000 402 AFSL 230694 You ve
More informationYour Life. Product Disclosure Statement. Issue Date: 12 August 2005. Issued by: MetLife Insurance Limited (MetLife) ABN 75 004 274 882 AFSL No.
Your Life Product Disclosure Statement Issue Date: 12 August 2005 Issued by: MetLife Insurance Limited (MetLife) ABN 75 004 274 882 AFSL. 238096 Products are offered by MetLife Insurance Limited (MetLife),
More informationFlexible Protection Plan. Protecting your lifestyle and family with one simple plan
Flexible Protection Plan Protecting your lifestyle and family with one simple plan Contents Introduction Income Protection Life Protection Critical Illness Protection Protection with a heart Extra things
More informationWealthpac Superannuation Service Insurance Options
Date Issued: 12 October 2009 SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT Wealthpac Superannuation Service Insurance Options Important Notice For Members and Employers This notice is supplementary to the
More informationIndependent consumer guide to life insurance
Independent consumer guide to life insurance Who we are and what we do The Irish Financial Services Regulatory Authority was established in May 2003 to regulate financial services firms in Ireland. Our
More informationSMSF. Comprehensive life insurance cover for members of self managed super funds. Product Disclosure Statement
SMSF Comprehensive life insurance cover for members of self managed super funds Product Disclosure Statement Issued: 18 April 2013 Contents About Insure Me Now 3 About Hannover 3 Explaining this Product
More informationBT 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 informationSuncorp Financial Protection Plan. Product Disclosure Statement Prepared on: 1st September 2006. Effective date: 23rd October 2006.
Suncorp Financial Protection Plan Product Disclosure Statement Prepared on: 1st September 2006. Effective date: 23rd October 2006. 2 Suncorp Financial Protection Plan Product Disclosure Statement Prepared:
More informationZurich Wealth Protection. Product Disclosure Statement including policy conditions Issue date: 1 March 2014
Zurich Wealth Protection Product Disclosure Statement including policy conditions Issue date: 1 March 2014 This PDS, prepared on 6 February 2014, is provided in two parts: Part 1 Policy information Part
More informationThe 4 Levels of Life Insurance Explained
C JAMES MERCHAN BBUS (Banking & Finance), Ad.Dip Fin Planning [m] 0433 480 870 [w] 5976 3704 [e] jmerchan@mccombe.com.au THE IMPORTANCE OF LIFE INSURANCE Life Insurance is an integral component of wealth
More informationUnderstanding Insurance
Understanding Insurance Preparation Date: 26 November 2007 How to read this document Managing your finances to meet your day to day requirements as well as your long-term goals can be a complex task. There
More informationFor expert advice call 01494 451441
Protection Planning Life and Protection Insurance The cost of insurance, particularly life insurance has fallen over recent years, whilst the quality of cover has in many cases increased. With this in
More informationMacquarie Life Active Product Disclosure Statement. Macquarie Life
Macquarie Life Active Product Disclosure Statement Macquarie Life Product Disclosure Statement jointly issued by: Macquarie Life Limited ABN 56 003 963 773 AFSL 237 497 and Macquarie Investment Management
More informationProduct 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 informationPersonal 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 informationWho s looking out for you?
Who s looking out for you? Insurance for Nurse Surgical Assistants www.moorestephens.com.au Copyright Moore Stephens Serious about Success 1 Important information This presentation contains general advice
More informationFuneral 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 informationAsgard 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 informationFamily Life Cover Product Disclosure Statement Issue date: 1 December 2014
Family Life Cover Product Disclosure Statement Issue date: 1 December 2014 Family Life Cover is issued by Hannover Life Re of Australasia Ltd (Hannover) ABN 37 062 395 484 of Level 7, 70 Phillip Street,
More informationZurich Wealth Protection. Product Disclosure Statement including Policy conditions Issue date: 1 March 2012
Zurich Wealth Protection Product Disclosure Statement including Policy conditions Issue date: 1 March 2012 About this PDS Date of preparation: 25 January 2012 This Product Disclosure Statement (PDS) is
More informationBT 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 information11 Things Every. Trades Person. Needs To Know
11 Things Every Trades Person Needs To Know Being in the building trades you need an accountant who understands your business and the intricacies. We appreciate the unique nature of the trades including
More informationTOWER PROTECTION POLICY
LIFE INSURANCE TOWER PROTECTION POLICY Product Disclosure Statement November 2008 Runner Up Risk Company of the Year 2008 RUNNER UP 2008 Risk Company of the Year Winner WINNER Risk Company of the Year
More informationInsurance and estate planning. A Financial Planning Technical Guide
Insurance and estate planning A Financial Planning Technical Guide 2 Insurance and estate planning Introduction 4 General insurance 4 Private health insurance 4 Personal insurance 5 Business insurance
More informationInsurance through your super
Insurance through your super Review my cover Save on insurance through Super $ TPD insurance income protection Death We insure many aspects of our lives: house, car, health, life, even pets. Of all of
More informationLoan Protection Plan. Product Disclosure Statement. Issued By: Hannover Life Re of Australasia Ltd and QBE Insurance (Australia) Limited
Loan Protection Plan Product Disclosure Statement Issue date: 18 April 2016 Issued By: Hannover Life Re of Australasia Ltd and QBE Insurance (Australia) Limited Distributed by: ALI Group Table of contents
More informationPersonal Insurance For Critical Illness Cover
are you financially well organised? Risk Plan your family s finanical security info@fwo.net.au Your family s financial security... If you were to pass away, would your family s financial security be assured?
More informationPlease read this document carefully as it contains important information about this plan. Your VitalityLife plan summary VITALITYLIFE PLAN SUMMARY
Please read this document carefully as it contains important information about this plan Your VitalityLife plan summary VITALITYLIFE PLAN SUMMARY Your VitalityLife plan summary About this booklet This
More informationprotecting 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 informationAussie Life Plan Product Disclosure Statement Issue date: 5 July 2010
Aussie Life Plan Product Disclosure Statement Issue date: 5 July 2010 Aussie Life Plan is issued by Hannover Life Re of Australasia Ltd (Hannover) ABN 37 062 395 484 of Level 7, 70 Phillip Street, Sydney
More informationWestpac Insurance. Life & Loan Insurance
Westpac Insurance Life & Loan Insurance July 2013 Life it s rather unpredictable, isn t it? That s why our range of insurance cover is so flexible. We understand that everyone has different insurance needs
More informationSimplifying Statements of Advice. Life Risk example SOA. 9 December 2008
Simplifying Statements of Advice Life Risk example SOA 9 December 2008 Life Risk Statement of Advice for Frank and Nancy Stoop, Development of the Life Risk example SOA Financial planners, politicians,
More informationLife and protection insurance explained!
Life and protection insurance explained! Introduction Some things are certain in life, like the fact that one day, we ll die. Most of us would like to think that when that day comes we ll be old, our loved
More informationMAKE THE MOST OF LIFE TotalCareMax
Life TotalCareMax Customer guide MAKE THE MOST OF LIFE TotalCareMax Life. Take charge. sovereign.co.nz WHY INSURE YOUR LIFE? As a life insurer, we understand that despite best efforts, life doesn't always
More informationBT Protection Plans. Product Disclosure Statement and Policy Document (PDS)
BT Protection Plans Product Disclosure Statement and Policy Document (PDS) Dated 19 May 2014 Who s responsible for BT Protection Plans The Insurer is Westpac Life Insurance Services Limited ABN 31 003
More informationSunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs
Sunsuper for life Insurance guide Learn more about your insurance Identify your insurance needs Preparation date: 9 June 2015 Issue date: 1 July 2015 INSURANCE IN YOUR SUPER Contents 1 Why have insurance?
More informationInsurance Personal Questionnaire
Insurance Personal Questionnaire Name of Client 1: Name of Client 2: This section is completed by your Adviser Adviser Name: Adviser Code: Interview Date: FSG Version Number Provided: Adviser Profile Number
More informationThough not a pleasant thought it's important to think about this: when you die, who will you leave behind?
Personal insurance There are many risks you face during your lifetime, but the most serious ones you will face are death, disability, serious illness and/ or medical intervention (surgery). These can happen
More informationPLATINUM PLUS - LIFE ASSURANCE COVER
PLATINUM PLUS - LIFE ASSURANCE COVER A INTRODUCTION 1. We insure the insured person as set out below and in the Policy Terms and Conditions. 2. The words shown in bold in the cover have the meaning described
More informationInsurance Guide. Super. 1 October 2015
Super Insurance Guide 1 October 2015 The information in this document forms part of the Product Disclosure Statement (PDS) for the Mine Wealth and Wellbeing Superannuation Fund. You should read the PDS
More informationdependab e IMAGE AREA
AMP Elevate insurance Product Disclosure Statement Issue Number 14, 19 May 2014 insurance that s dependab e IMAGE AREA because life is unpredictable Life Insurance Life Insurance Superannuation Life Insurance
More informationProduct Disclosure Statement Version 11, Issued 21 May 2012. Life s better with the right partner AIA.COM.AU. Priority Protection
Priority Protection Product Disclosure Statement Version 11, Issued 21 May 2012 Life s better with the right partner AIA.COM.AU Who issues Priority Protection? This Product Disclosure Statement ( PDS )
More informationA Beginner s Guide to Life Insurance
A Beginner s Guide to Life Insurance Weʼre all going to die. Except maybe that 80-year old Karate dude who celebrated his birthday with 100 pushups in 59 seconds! But we mere mortals? The writingʼs on
More informationTerminal illness pricing considerations. Steve Varney
pricing considerations Presenters Brad Louis Steve Varney AGENDA 1. Current Status 2. Estimating TI Cost 3. Data and Critical Assumptions 4. Estimated Costs 5. Conclusions 1: CURRENT STATUS Terminal Illness
More informationHow To Get A Pure Life Insurance Policy
Pure Life My plan. Heading goes Their future. here. Powered by Citi. Powered by Citi. Product Disclosure Statement Issued 025 March? April 2011 Issuer: Distributor: MetLife Insurance Limited Citigroup
More informationInsurance. 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 informationSt.George Quick Cover
St.George Quick Cover St.George Quick Cover is the fast and easy way to help protect the people you care about. Product Disclosure Statement and Policy Wording (PDS). Effective Date: 20 October 2014 Issued
More informationProtect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances
Protect your family ClearView LifeSolutions Life Cover, Trauma Cover and other tailored insurances Insurances to meet your needs Defence Health has partnered with ClearView to provide an extensive range
More informationWA 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 informationUpdate to CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy
Update to CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Effective 25 June 2014, this document updates the Sum m ary of incom e p ro t ect ion d if f erences in sid e an d
More informationYour best back-up tool is insurance.
Your best back-up tool is insurance. Insurance for tradespeople Presented by ACF Planning PTY LTD ABN 70154714119 as Authorised Representative No 415700 for Australian Capital Financial Planning ABN 34
More informationZurich Wealth Protection
Issue date: 1 March 2015 Zurich Wealth Protection Product Disclosure Statement including policy conditions This PDS, prepared on 4 February 2015, is provided in two parts: Part 1 Policy information Part
More informationANZ 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 informationWestpac 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 informationENERGY 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 informationA Financial Planning Technical Guide
Insurance and Estate Planning A Financial Planning Technical Guide Securitor Financial Group Limited ABN 48 009 189 495 AFSL 240687 Contents Introduction 1 General insurance 1 Private health insurance
More informationHow To Get Back To Work
As life happens, we re here for you AMP claims paid 2014 Live life knowing we ll be there for you Like most people, you probably think something bad will never happen to you. Hopefully you re right. But
More informationNESS 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 informationLoan Protection. Product Disclosure Statement (PDS) Issued: 1 September 2013. Protecting your financial future with us
Loan Protection Product Disclosure Statement (PDS) Issued: 1 September 2013 Protecting your financial future with us Issued by: MetLife Insurance Limited ABN 75 004 274 882 AFSL 238096, Level 9, 2 Park
More informationInsurance in your super
Insurance in your super Fact sheet Information in this fact sheet is current as at 1 July 2015 Contents Overview 1 What is Life cover? 5 How your Life cover works 6 When is your insured benefit payable?
More informationLIFE INSURANCE PREPARING FOR THE FUTURE
LIFE INSURANCE PREPARING FOR THE FUTURE Bupa life insurance is issued by ClearView Life Assurance Limited (ABN 12 000 021 581) (AFS Licence No. 227682) ( ClearView ). Bupa Australia Pty Limited (ABN 81
More informationThe Consumer s Guide to LIFE and HEALTH INSURANCE - 1 -
- 1 - The Consumer s Guide to Life and Health Insurance If you re young and in good health, you probably have never thought much about life insurance. But have you ever considered what financial obligations
More informationPersonal Insurance. Do I need Life cover and TPD cover? pr tect. their tomorrows
Personal Insurance Do I need Life cover and TPD cover? pr tect their tomorrows Life cover and Total and Permanent Disablement (TPD) cover provide you with the comfort of knowing that a lumpsum will be
More informationHow To Get A Guardian Insurance Policy
Income Protection Insurance Product Disclosure Statement Issued 16 April 2015 Guardian Income Protection Insurance is issued by Hannover Life Re of Australasia Ltd (Hannover) ABN 37 062 395 484 of Level
More informationInsurance 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 informationLife insurance: who to refer to BTAC
Life insurance: who to refer to BTAC Referrals to BT Advice Centre Customers call 1300 367 240 Bankers call 13 BTAC For internal use only. To be used for customers who do not meet criteria to see a Financial
More information