Ensuring your quality of life

Size: px
Start display at page:

Download "Ensuring your quality of life"

Transcription

1 Ensuring your quality of life

2 Rightway Insurance Services is a personal risk insurance specialist offering Income Protection, Life, Trauma and Total and Permanent Disability insurance.

3 Why is insurance so important? Protecting yourself from financial hardship and the what ifs in life should be an integral part of any financial plan. Nothing is certain, and though it is uncomfortable to think about it could happen to you. Consider this. Every working Australian has a one in three chance of becoming disabled for more than three months during their working life due to illness or injury 1. 32% of Australians are forced into retirement dure to ill health or injury 2 and one in three men and one in four women will suffer from cancer in their lifetime. Of these, one in eleven women will suffer from breast cancer and one in eleven men will develop prostate cancer by age It is important to protect your home and car. And most people do. But it is also important to protect your life, your ability to produce an income, your health and your business interests. This guide will provide you with some information on the different types of life insurance solutions available and together with your Rightway Insurance Services adviser you can develop a comprehensive risk management plan to keep you, your business and your family financially secure. 1 Calculations based on data from Institute of Actuaries Australia (2000) Interim Report of the Disability Committee 2 Australian Institute of Health & Welfare, Australia s Health Australian Institute of Health & Welfare, Cancer in Australia Cancer Council NSW

4 The average Australian earns well over $2million in their lifetime, much more than the value of the average home. And many Australians fail to protect their most important asset their ability to earn an income.

5 Income Protection Imagine you stopped getting paid tomorrow. How long would you be able to cope financially? The majority of Australians have no trouble insuring their home and contents from fire, theft and weather damage. And yet the majority of income earners don t insure their largest asset their income earning capacity. Even more surprisingly, the Investment and Financial Services Association (IFSA) has found that nearly 70% of the self-employed have no disability income insurance even though it is tax deductible! When insurance that protects your largest asset can cost less than your daily cup of coffee, you have to wonder. Your income isn t just about mortgage payments, putting petrol in the car or paying your bills. It s about your future and how much you enjoy it. Without a regular income how can you: Save for your retirement? Send your children to the school of your choice Travel Take a chance on other careers or lifestyles? Some fast facts about Income Protection Income protection insurance will provide up to 75% ongoing income to you in the event you are unable to work due to accident or illness. Income protection insurance is tax deductible. Income protection insurance may pay up to 75% of your pre-disability income. Income protection insurance has benefit period choice ranging from two years to age 65. Income protection insurance has waiting periods ranging from 14 days to 720 days. Income protection insurance is guaranteed renewable, meaning, regardless of claims made and provided you pay the premiums, cover will continue up to the benefit period chosen.

6 Statistics show that death from accidents account for around 5,300 deaths per year, however, death from illness accounts for approximately 124,000 deaths per year 5. 5 Australian Bureau of Statistics 2005

7 Life insurance and TPD It won t happen to me Maybe you re right. Maybe bad things only happen to other people. But that doesn t mean you want to risk being caught uninsured. Though it is unpleasant to think about the what ifs in life, it s important to take the time to evaluate how well you and your family are protected in the event of something unfortunate happening. Where would the money come from to cover the mortgage, school fees, running the car, credit cards, everyday living expenses such as food, clothing, phone bills, gas, electricity and child care. Not to mention funeral expenses and other medical expenses that your health fund simply doesn t cover! Life insurance, or Term Life insurance, provides a cash lump sum in the event of death and in many cases upon diagnosis of terminal illness. What is Total and Permanent Disability Insurance (TPD)? Total and Permanent Disability Insurance (TPD) can be an optional extra on a life insurance policy and covers against a permanent disability. The amount of cover you can buy is usually limited to the amount of life cover purchased. A claim is usually paid as a lump sum, when the disability meets the insurers definitions. TPD insurance covers serious and permanent disablement but does not cover temporary disabilities or many traumas these are best covered by Income Protection and Trauma policies. I have life and disability in my superannuation, I don t need any more! Cover inside and outside Superannuation, what is the difference? Inside Superannaution There is a need to meet a condition of release for total and permanent disability payments. Potential tax implications this may include tax of up to 30% payable on the benefit when payable to non-financial dependedents. Outside Superannaution In most instances benefit paid is tax free.

8 Trauma insurance can lift the financial burden allowing you to do what you most need to do, get better without the fear of financial worries.

9 Trauma or living insurance Trauma or critical illness insurance pays a lump sum after surviving one of a prescribed list of traumatic medical conditions such as cancer, heart attack, stroke etc. Most of us hear regularly about someone who has been suddenly diagnosed with a serious medical condition like cancer, or has suffered a heart attack or stroke. Which makes you realise that no matter how healthy your lifestyle, good health doesn t come with a lifetime guarantee. So you really should think about what would happen to you, and your family, in the event of a sudden trauma or illness. My health insurance or the government will look after me. Medicare and private health insurance do not cover all the costs. Health cover may be limited in the choice and flexibility of treatments. It often does not cover hospital and treatment expenses in full, and some conditions aren t covered at all. Out of pocket expenses such as the cost of a carer and rehabilitation expenses often aren t covered. Government allowances and benefits also don t go very far in covering you against accident or sudden illness. The maximum payment available for any one benefit is $499 per fortnight 6, but most benefits are subject to income and assets tests, so the maximum benefit may be reduced, nor is the income lost from a period out of work. Trauma insurance coversa large range of of medical conditions, for example may include: Alzheimer s Disease Heart attack Blindness Heart valve surgery Burns severe/major HIV occupational acquired Cancer Kidney failure chronic Coma Liver disease chronic Coronary bypass surgery Loss of independence existence Deafness Loss of limbs or eye Dementia Loss of speech 6 Payment rates appear as a guide only and are effective from 1 January

10 How much Children s Trauma insurance you require depends on a number of different factors. Your Rightway Insurance Services adviser can assist you to assess your circumstances.

11 Children s Trauma insurance Children s Trauma is designed to ease the financial pressure on families. Benefits are often spent on medical treatment, rehabilitation, the cost of replacing income if a parent wishes to take time off work, or to take the family on a holiday. Children s Trauma insurance provides you with a lump sum payment should your child suffer one of a list of specified medical conditions or procedures. Payment of the benefit occurs on diagnosis or occurrence of the illness or injury. As with adult Trauma insurance, each insurance company maintains their own list of events which may be covered, including: Blindness Brain damage Cancer Cardiomyopathy Chronic kidney failure Deafness Encephalitis Intensive care Intracranial benign tumour Loss of limbs or sight Major head trauma Major organ transplant Loss of speech Meningitis Paralysis Severe burns Stroke Differences between policies Medical definitions and entry ages vary between insurance companies. Look for a policy that has a continuation option which means that after your child turns a particular age, this policy can be converted to an adult contract.

12 All businesses should consider the use of insurance to compensate the business for any financial loss of cost suffered because an insurable event has occurred with respect to a key person.

13 Business insurance Business Expense Cover can help a business continue operating in the event that the life insured is totally or partially disabled and unable to work. The monthly benefit paid can assist with the day-to-day running expenses of the life insured s business for example salaries, rent or mortgage payments, utilities expenses and many other overheads. Guarantor or debt reduction Insurance When a director signs a guarantee, it generally means the director has secured a loan for the business either directly or indirectly using all or some of his personal assets. The guarantee is usually extinguished only when the debt has been repaid in full. A lender may be able to call on the guarantee in the event of death, disblement or trauma. This type of business insurance ensures that upon the occurance of an insured event the business debt that has been guaranteed is fully repaid. The proceeds may be used to protect the business owners and gusrantors from the ramifications of giving a guarantee for a business loan should an event occur which impinges their ability to make good the liability. Key person insurance A simple rule: if the loss of an employee wouyld have an adverse financial or economic impact on the business, then the employee is a candidate for key person insurance. Some key people may include: Founding business principal Key sales people Employees with unique skills and knowledge Project managers Financial controllers External people - key supplier including service people Rightway Insurance Services specialises in the area of business insurance, please call us for an obligation free appraisal.

14 A buy/sell provision within the Business Succession Plan provides for business continuation with a minimum of disruption by creating ready buyers and sellers at a fair, negotiated price.

15 Business succession planning The key objective of a comprehensive Business Succession Plan is to ensure that the business survives even after the death or critical illness of one of its principals. In simple terms, it may provide: A terminating owner (or their estate) with the option to sell their interest in the business to the remaining owner(s) The funding mechanism for the remaining owner(s) to purchase it. These benefits are achieved by creating a formal agreement. This eliminates concerns by creating ready buyers and sellers at a fair, pre-determined price. In establishing such arrangements, the participants define the circumstances that would trigger the sale and the agreed value of the entity. The most appropriate options will depend on a number of legal and taxation matters, so professional advice in these areas is always advised before implementing a buy/sell agreement. Benefits It: provides the business with every chance of survival ensures the terminating owner (or their estate) receives true value after tax retains key employees may reduce or eliminate Capital Gains Tax (CGT) and stamp duty issues, typically associated with mandatory agreements. How it works? Even with a Business Succession Plan, the remaining owners need money to buy out the deceased s family s interest. A number of funding mechanims are available. The most successful is a combination of Life insurace, Trauma insurance and Total and Permanent Disability (TPD) insurance.

16 How do we handle the personal information you provide us? Guardian Financial Planning holds personal information about you. We hold this information in accordance with our obligations under the Privacy Act. The information has been and will continue to be collected by us for the purpose of providing you with the fi nancial services outlined in this FSG. We are required by the Corporations Act and the Australian Securities & Investments Commission, to ask for this information about you for the purpose of providing you with our services. If you do not provide us with the information requested by us, we may not be able to provide you with the services you require. We may be required from time to time to disclose information about you to representatives of Guardian Financial Planning and other companies within the Suncorp Group and to other professionals, insurance providers, superannuation trustees and product issuers in order to provide our services and arrange for the issue of Financial Products. In the event that the adviser proposes to sell their business we may disclose your personal information to potential purchasers for the purpose of their conducting due diligence investigations. Any such disclosure will be made in confi dence and it will be a condition of that disclosure that no personal information will be used or disclosed by them. In the event that a sale of the adviser s business is eff ected, we may transfer your personal information to the purchaser of the business. You will be advised if a transfer such as this takes place. You are entitled to obtain access to the information we hold about you by contacting our National Dealer Operations Manager. Our contact details are included in the FSG available on this site. Darren Strickland Authorised Representative No Rightway Insurance Services Services Pty Limited Corporate Authorised Representative No Guardian Ltd trading as Guardian Financial Planning ABN AFSL No Postal Address: PO Box 6092 Kington ACT 2604 Office Address: Suite 2 9 Fitzroy Street Forrest ACT 2603 Phone: Fax: Important Notice The information provided in this brochure is general information only. It has been prepared without taking into account your individual objectives, financial situation or needs. Before acting on this information you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. Rightway Insurance Services can assist you in determining the appropriateness of any product mentioned in this brochure. You should obtain a Product Disclosure Statement (PDS) relating to the product/s mentioned in this brochure, and consider the information contained within the PDS before making any decision about whether to acquire the product/s.

How much insurance cover?

How 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 information

Simply 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 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 information

Get covered for life. Why you need life insurance

Get covered for life. Why you need life insurance Get covered for life Why you need life insurance 2 Suncorp Life can be full of surprises unfortunately not all of them pleasant. Knowing how to protect yourself and your loved ones in the case of uncertainty

More information

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. Includes Tips & Tricks that could save you substantial $$$ 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 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

Personal Insurance. Do I need Trauma cover? a safety. to help get you back on track

Personal Insurance. Do I need Trauma cover? a safety. to help get you back on track Personal Insurance Do I need Trauma cover? a safety to help get you back on track Being able to focus on your recovery after suffering a traumatic event is going to be your primary concern. Having trauma

More information

Zurich Life Risk Trauma cover

Zurich Life Risk Trauma cover Product Summary Issued 21 December 2015 Zurich Life Risk Trauma cover Adviser use only Trauma insurance provides a lump sum payment on diagnosis or occurrence of a covered trauma. This is a summary only

More information

Accelerated Protection. Do I need Critical Illness insurance?

Accelerated Protection. Do I need Critical Illness insurance? Accelerated Protection Do I need Critical Illness insurance? Are you prepared? It s a fact of life that we all get sick, and sometimes seriously. The cost of recovery from an illness like cancer or heart

More information

Product Disclosure Statement. Life Insurance. Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses

Product Disclosure Statement. Life Insurance. Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses Product Disclosure Statement Life Insurance Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses Issued 1 March 2004 Contents 1 About Asteron 2 About

More information

Insurance from MLC. Making your insurance even better. MLC Life Cover Super and MLC Personal Protection Portfolio

Insurance from MLC. Making your insurance even better. MLC Life Cover Super and MLC Personal Protection Portfolio Insurance from MLC Making your insurance even better MLC Life Cover Super and MLC Personal Protection Portfolio Effective from: 17 October 2011 Making sure you re well protected We regularly review our

More information

Additional General Information regarding Personal Protection

Additional General Information regarding Personal Protection Additional General Information regarding Personal Protection Information regarding the research we used The research house we subscribe to regarding personal protection is Omnium. In a separate document

More information

provides a regular payment to you should you become disabled or sick and hence unable to work for a limited period of time.

provides a regular payment to you should you become disabled or sick and hence unable to work for a limited period of time. personal insurances Most people purchase house, car, and health insurance without giving it much thought, but statistics show that there is often little consideration for more devastating events like death,

More information

INSURANCE World of Protection Upgrade Announcement

INSURANCE World of Protection Upgrade Announcement INSURANCE World of Protection Upgrade Announcement Leading Life Leading Life in OnePath MasterFund Recovery Cash Stand Alone Recovery Income Safe Plus Income Cover Income Safe Business Expenses Plan July

More information

Macquarie Life Active Product Disclosure Statement. Macquarie Life

Macquarie 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 information

Insurance facts you should know

Insurance 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 information

LIFE INSURANCE PREPARING FOR THE FUTURE

LIFE 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 information

Product Disclosure Statement Version 11, Issued 21 May 2012. Life s better with the right partner AIA.COM.AU. Priority Protection

Product 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 information

Insurance facts you should know

Insurance 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 information

A simple guide to Life Insurance

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 information

MLC Insurance and MLC Insurance (Super)

MLC Insurance and MLC Insurance (Super) Preparation date 25 May 2015 Issue no: 4 This PDS was prepared by and MLC Nominees Pty Limited MLC Limited ABN 93 002 814 959 ABN 90 000 000 402 AFSL 230694 AFSL 230702 RSE L0002998 Issuer of MLC Insurance

More information

MLC Insurance MLC Insurance (Super) Product Disclosure Statement

MLC Insurance MLC Insurance (Super) Product Disclosure Statement MLC Insurance MLC Insurance (Super) Product Disclosure Statement Preparation date 25 May 2015 Issue no: 4 This PDS was prepared by MLC Limited ABN 90 000 000 402 AFSL 230694 Issuer of MLC Insurance and

More information

Product Disclosure Statement

Product 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 information

Protecting your future MLC Life Cover Super MLC Personal Protection Portfolio

Protecting your future MLC Life Cover Super MLC Personal Protection Portfolio Protecting your future MLC Life Cover Super MLC Personal Protection Portfolio Product Disclosure Statement Life Cover Total & Permanent Disability Critical Illness Income Protection Business Expenses Premium

More information

Lifetime Protection Plan from Standard Life Protecting you and your family

Lifetime Protection Plan from Standard Life Protecting you and your family Lifetime Protection Plan from Standard Life Protecting you and your family Remember when you thought you were invincible 1 of 33 2 of 33 When was the last time you felt invincible? Contents The need for

More information

ARE YOU PREPARED FOR A SERIOUS ILLNESS? WHAT IS LIVING ASSURANCE? WHAT DOES IT OFFER ME?

ARE YOU PREPARED FOR A SERIOUS ILLNESS? WHAT IS LIVING ASSURANCE? WHAT DOES IT OFFER ME? ARE YOU PREPARED FOR A SERIOUS ILLNESS? It s a fact of life that we all get sick, and sometimes seriously. The cost of recovery from an illness like cancer or from a heart attack can have a huge impact.

More information

Zurich Life Risk Zurich Protection Plus

Zurich Life Risk Zurich Protection Plus Product Summary Issued 1 March 2015 Zurich Life Risk Zurich Protection Plus Adviser use only Zurich Protection Plus is a flexible package which allows you to choose any combination of Death cover, TPD

More information

FutureWise Product Disclosure Statement. Macquarie Life

FutureWise Product Disclosure Statement. Macquarie Life FutureWise Product Disclosure Statement Macquarie Life Product Disclosure Statement issued jointly by: Macquarie Life Limited ABN 56 003 963 773 AFSL 237 497 and Macquarie Investment Management Limited

More information

Combined Life & Critical Illness Protection Guaranteed Premiums. Policy Summary

Combined Life & Critical Illness Protection Guaranteed Premiums. Policy Summary Combined Life & Critical Illness Protection Guaranteed Premiums Policy Summary Combined Life & Critical Illness Protection Guaranteed Premiums Policy Summary In this summary, we try to help you by giving

More information

Asteron Life Personal Insurance

Asteron Life Personal Insurance Asteron Life Personal Insurance What lump sum covers are available with Asteron Life Personal Insurance? Life Cover Life Cover insurance pays a lump sum of money if you pass away or become terminally ill.

More information

Westpac Insurance. Life & Loan Insurance

Westpac 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 information

Insurance. Product Disclosure Statement. Life Insurance Superannuation Plan & Income Insurance Superannuation is closed. Document not up to date.

Insurance. Product Disclosure Statement. Life Insurance Superannuation Plan & Income Insurance Superannuation is closed. Document not up to date. Insurance Product Disclosure Statement Life Insurance Plan Trauma Insurance Plus Plan Trauma Insurance Plan Total and Permanent Disability Insurance Plan Activities of Daily Living Total and Permanent

More information

Insurance facts you should know

Insurance 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 information

now can protect their future

now can protect their future Life SmartLife your decisions now can protect their future they re in good hands life we re in it together hello Asteron is one of Australia and New Zealand s largest financial services providers with

More information

Suncorp 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. 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 information

Optional Group Critical Illness. Financial support at a critical time

Optional Group Critical Illness. Financial support at a critical time Optional Group Critical Illness Financial support at a critical time Medical advances have greatly increased the ability of Canadians to survive a critical illness. However, few of us are prepared for

More information

Understanding insurance

Understanding 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 information

Understanding insurance Version 5.0

Understanding 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 information

Insurance delivering peace of mind. Your guide to insurance at Plum

Insurance delivering peace of mind. Your guide to insurance at Plum Insurance delivering peace of mind Your guide to insurance at Plum Contents Why insurance matters 2 Types of cover 4 What s right for me? 7 1 Safeguarding you and your family Life is unpredictable. From

More information

Protectionfirst range. Product Disclosure Statement. 2 October 2010. To acquire the Protectionfirst products you must complete the application form.

Protectionfirst range. Product Disclosure Statement. 2 October 2010. To acquire the Protectionfirst products you must complete the application form. Protectionfirst range Product Disclosure Statement 2 October 2010 To acquire the Protectionfirst products you must complete the application form. Contents Protection to suit you 1 Page How the Protectionfirst

More information

The Advantages of AFRM Financial Protection

The Advantages of AFRM Financial Protection Providing the level of ADVICE and Security you deserve Protecting your tomorrow today Melbourne Sydney Central Coast Newcastle Port Macquarie As a medical practitioner, you require specialised managed

More information

Child cover. Free. child cover offer inside

Child cover. Free. child cover offer inside Child cover Free child cover offer inside Protecting your most precious asset It s a natural desire to want to wrap your child in cotton wool and protect them from harm. But while cotton wool might protect

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

Life insurance and TPD cover. Protect their tomorrows

Life 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 information

Understanding Insurance

Understanding 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 information

MLC Personal Protection Portfolio

MLC Personal Protection Portfolio . Life Cover Total & Permanent Disability Critical Illness Income Protection Business Expenses Premium Waiver Preparation date 1 July 2016 Issue no: 9 This PDS was prepared by NULIS Nominees (Australia)

More information

Life Insurance Accelerated Protection Policy Document 24 October 2011

Life Insurance Accelerated Protection Policy Document 24 October 2011 Life Insurance Accelerated Protection Policy Document 24 October 2011 TAL Life Limited ABN 70 050 109 450 AFSL 237 848 TAL Superannuation Limited ABN 69 003 059 407 AFSL 237 851 TAL Superannuation and

More information

Loan 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 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 information

Your best back-up tool is insurance.

Your 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 information

vital link Critical Illness Insurance It s about living your life Your guide to Critical Illness Insurance

vital link Critical Illness Insurance It s about living your life Your guide to Critical Illness Insurance vital link Critical Illness Insurance It s about living your life Your guide to Critical Illness Insurance You really feel like you re on the right track. Your life seems to be going just as you planned.

More information

Freehold Mortgage Protection

Freehold Mortgage Protection Home Loans Freehold Mortgage Protection en s urin g your 2694 0209 HL Freehold Mortgage brochure.indd 1 n home stays i ds n ha r you 19/2/09 3:36:11 PM Secure the roof over your head Buying a home is a

More information

Pricing Dread Disease Insurance Edward Fabrizio and Warren Gratton 1994

Pricing Dread Disease Insurance Edward Fabrizio and Warren Gratton 1994 Pricing Dread Disease Insurance Edward Fabrizio and Warren Gratton 1994 Report presented to Institute of Actuaries of Australia meeting Twenty years ago when life insurance agents roamed, it was probably

More information

Facing the challenges of CRITICAL ILLNESS

Facing the challenges of CRITICAL ILLNESS Facing the challenges of CRITICAL ILLNESS INTRODUCTION What is insurance? In life, we are all faced with threats which, if they occurred, would result in financial loss Insurance is the process of protecting

More information

Asteron Life Business Insurance

Asteron Life Business Insurance Asteron Life Business Insurance What lump sum covers are available with Asteron Life Business Insurance? Life Cover Life Cover pays a lump sum of money if you pass away or become terminally ill. Total

More information

Sun Critical Illness Insurance

Sun Critical Illness Insurance Sun Critical Illness Insurance PRODUCT FEATURE SHEET CRITICAL ILLNESS INSURANCE gives you a lump sum payment if you are diagnosed with and survive an illness covered by your plan. Having this extra measure

More information

Your Insurance Options

Your Insurance Options Your Insurance Options Table of contents Your insurance options 3 Building a protection strategy 4 How much cover should you have? 5 Inside or outside of super? 7 Medicals and questionnaires 8 Why Optimise

More information

REAL Trauma Cover. What is it?

REAL Trauma Cover. What is it? PROTECTION PERSONAL REAL Trauma Cover What is it? REAL Trauma Cover pays you a lump sum of up to $2 million if you suffer any of the 43 critical illnesses specified in the policy, such as cancer, heart

More information

Your critical illness protection plan

Your critical illness protection plan Your critical illness protection plan It could happen to you It is estimated there are over 70,000 heart attacks in Canada each year. There are between 40,000-50,000 strokes in Canada each year. An estimated

More information

Z Care. Sow the seeds of a resilient future

Z Care. Sow the seeds of a resilient future Z Care Sow the seeds of a resilient future Secure your best chances of recovery Despite an increasing trend in the number of people diagnosed with critical illness today, more are surviving it. Studies

More information

A Guide to Critical Illness Insurance

A Guide to Critical Illness Insurance A Guide to Critical Illness Insurance This guide about Critical Illness cover is designed to help you decide if this is a suitable product for you. It aims to help by answering the following questions:

More information

Understanding Insurance

Understanding 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 information

Protecting you and your world. Mortgage Protection. With Serious Illness Cover

Protecting you and your world. Mortgage Protection. With Serious Illness Cover Protecting you and your world Mortgage Protection With Serious Illness Cover Serious Illness Cover for your Mortgage from Caledonian Life Caledonian Life s Mortgage Protection policy offers you a cost-effective

More information

Home Loans. Freehold Mortgage Protection

Home Loans. Freehold Mortgage Protection Home Loans Freehold Mortgage Protection ensuring your home stays in your hands Secure the roof over your head Buying a home is a major step in life. The last thing you want to see is your home slip out

More information

Vista. Additional benefits

Vista. Additional benefits Vista Additional benefits By choosing to invest with Vista, you are planning to help ensure that you and your family will be able to afford a comfortable retirement, a holiday of a lifetime, a good education

More information

Critical illness conditions covered

Critical illness conditions covered For financial adviser use Critical illness conditions covered Provider Alzheimer s Disease age 65 age 60 Aorta graft surgery for disease Benign brain tumour Blindness permanent and irreversible Cancer

More information

FutureWise at a glance. Macquarie Life

FutureWise at a glance. Macquarie Life FutureWise at a glance Macquarie Life Macquarie Life FutureWise offers a comprehensive and competitively priced suite of products that enables you to choose the right combination of cover types and benefits

More information

Critical Illness Insurance. What is Critical Illness Insurance

Critical Illness Insurance. What is Critical Illness Insurance Critical Illness Insurance What is Critical Illness Insurance Whereas life insurance has been readily available for literally hundreds of years, critical illness insurance is a relatively recent development.

More information

Insurance fundamentals. Protecting what s important

Insurance fundamentals. Protecting what s important Insurance fundamentals Protecting what s important When it comes to insurance, the old adage, better safe than sorry rings true. We don t like to think about getting sick or even worse, the death of a

More information

SIMPLY THE ESSENTIALS

SIMPLY THE ESSENTIALS PERSONAL INSURANCE SIMPLY THE ESSENTIALS TotalCareMax Essential Disability Income Protection SOMETHING TO THINK ABOUT While your health may suffer a setback, your finances and lifestyle shouldn t have

More information

HOME PROTECTION PLAN MORTGAGE INSURANCE. Mortgage Insurance. that is Custom Built to Meet Your Needs

HOME PROTECTION PLAN MORTGAGE INSURANCE. Mortgage Insurance. that is Custom Built to Meet Your Needs HOME PROTECTION PLAN MORTGAGE INSURANCE Mortgage Insurance that is Custom Built to Meet Your Needs Mortgage Insurance that is Custom Built to Meet Your Needs Your mortgage insurance should offer you sufficient

More information

Update to CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy

Update 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 information

CommInsure Protection

CommInsure 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 information

Level, Renewable and Family Income Protection Key Features

Level, Renewable and Family Income Protection Key Features Level, Renewable and Family Income Protection Key Features Lifetime Protection from Standard Life This is an important document. Please read it and keep for future reference. The Financial Conduct Authority

More information

Insurance in Prime Super

Insurance in Prime Super Insurance in Prime Super September 2015 This fact sheet outlines why insurance is important and the benefits of having insurance through your super account. Why is insurance so important? Insurance is

More information

Term Assurance INVESTMENTS PENSIONS PROTECTION

Term Assurance INVESTMENTS PENSIONS PROTECTION Term Assurance About Canada Life Established in 1903, the Canada Life Group has grown to be a modern and dynamic international financial services business. We are part of Great-West Life, one of the world

More information

LIFE BOLD SIMPLE DIFFERENT. A personal approach to life cover LIFE

LIFE BOLD SIMPLE DIFFERENT. A personal approach to life cover LIFE LIFE SIMPLE BOLD DIFFERENT A personal approach to life cover LIFE ALEXANDER FORBES LIFE Protecting your wealth to secure your financial well-being Flexible, to change as often as life does. You can change

More information

Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover

Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover FLIP/4569/Mar15 This policy summary gives you important information about the Friends Life Individual Protection Critical

More information

Key facts of AA Life Insurance with Critical Illness Cover

Key facts of AA Life Insurance with Critical Illness Cover Key facts of AA Life Insurance with Critical Illness Cover The Financial Services Authority is the independent financial services regulator. It requires us, Friends Life Limited, to give you important

More information

Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover

Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover Policy Summary of Friends Life Individual Protection Critical Illness with Life Cover FLIP/4569/Mar15 This policy summary gives you important information about the Friends Life Individual Protection Critical

More information

Personal 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 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 information

Your guide to what is included in the MLC Protectionfirst Product Disclosure Statement.

Your guide to what is included in the MLC Protectionfirst Product Disclosure Statement. . This Product Disclosure Statement (PDS) is for the exclusive use of current holders of policies within the MLC Protectionfirst range. Preparation date 3 August 2015 Issued by MLC Limited ABN 90 000 000

More information

Life Living Assurance Customer guide LIVING ASSURANCE. TotalCareMax Customer guide. Life. Take charge. sovereign.co.nz

Life Living Assurance Customer guide LIVING ASSURANCE. TotalCareMax Customer guide. Life. Take charge. sovereign.co.nz Life Living Assurance Customer guide LIVING ASSURANCE TotalCareMax Customer guide Life. Take charge. sovereign.co.nz WHAT IS LIVING ASSURANCE? Living Assurance provides you and your family with peace of

More information

Individual Living Benefits Product Portfolio. Personal income, lifestyle and business protection

Individual Living Benefits Product Portfolio. Personal income, lifestyle and business protection Individual Living Benefits Product Portfolio Personal income, lifestyle and business protection PROFESSIONAL MARKET The Professional Series policy OBJECTIVE n Provides non-cancellable coverage that includes

More information

Income Care with either monthly or lump sum benefits

Income Care with either monthly or lump sum benefits Income Care with either monthly or lump sum benefits Important information This advice has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited

More information

Asgard Personal Protection Package

Asgard Personal Protection Package Asgard Personal Protection Package Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2014, replaces the SPDS dated 1 July 2013 and supplements information contained in the Product

More information

AMP Risk Protection Plan Booklet. Protect what s most important to you

AMP 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 information

AA Critical Illness with Life Cover Policy Summary

AA Critical Illness with Life Cover Policy Summary AA Critical Illness with Life Cover Policy Summary The Financial Services Authority is the independent financial services regulator. It requires us, Friends Life and Pensions Limited, to give you important

More information

CRACKING GOOD COVER. Protection Personal Menu. royallondon.com

CRACKING GOOD COVER. Protection Personal Menu. royallondon.com CRACKING GOOD COVER Protection Personal Menu royallondon.com WHAT S INSIDE A summary of our protection covers 4 Cover for you, your partner or both of you 5 Life Cover 6 Critical Illness Cover 7 The full

More information

Professional Wealth LIFE

Professional Wealth LIFE Whole Life Dread Disease Benefit Professional Wealth LIFE ALEXANDER FORBES The Whole Life Dread Disease Benefit The Whole Life Dread Disease Benefit will provide a lump sum payment if you are diagnosed

More information

Insurance and estate planning. A Financial Planning Technical Guide

Insurance 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 information

Group 2: Critical Illness Benefits

Group 2: Critical Illness Benefits Group 2: Zurich s cover is designed to free yourself and your loved ones from the potentially devastating financial impact that follows diagnosis with a critical illness. 1. Level Term Life or Earlier

More information

Asgard Personal Protection Package

Asgard Personal Protection Package Asgard Personal Protection Package Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2015, replaces the SPDS dated 1 July 2014 and supplements information contained in the Product

More information

Personal Insurance For Critical Illness Cover

Personal 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 information

Your 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 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 information

BT Protection Plans. Product Disclosure Statement and Policy Document (PDS)

BT 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 information

Your insurance options with Prime Super (Prime division)

Your insurance options with Prime Super (Prime division) FACT SHEET Your insurance options with Prime Super (Prime division) Now incorporating 1 May 2014 If something were to unexpectedly go wrong, life insurance is a vital safety net to protect your loved ones.

More information

CommInsure Protection

CommInsure Protection CommInsure Protection Peace of mind for the times of your life Product Disclosure Statement (PDS) Issue date: 20 November 2011 This PDS contains information about the following types of cover: Life Total

More information

The services I provide my clients

The services I provide my clients The services I provide my clients FOUR CORNERSTONES OF FINANCIAL SECURITY Liquidity Wealth creation and management Living Benefits Retirement Wealth protection Estate Planning What is a critical illness?

More information

Overview. Business Protection Plan. Safeguard the future of your business.

Overview. Business Protection Plan. Safeguard the future of your business. Overview Business Protection Plan Safeguard the future of your business. When a business loses its sole trader, a key employee, an owner or a business partner, the consequences can be dramatic. Profits

More information

We understand that you would want multiple coverage against critical illnesses

We understand that you would want multiple coverage against critical illnesses PROTECT Enhanced We understand that you would want multiple coverage against critical illnesses PRUmultiple crisis cover Medical advancements over the years have led to better survival and recovery rates

More information

Product Summary. Life s better with the right partner. Life Cover. November 2015. Complimentary Final Family Expenses. Why consider Life Cover?

Product 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 information