You’re taking care of your loved ones now – but what would happen if you became terminally ill or passed away? Without your income to rely on, would they still be able to enjoy a comfortable lifestyle?
With death cover, you can be confident your family’s financial security is protected, even when you’re not there to care for them. Death cover can give you peace of mind knowing you have done everything you can to safeguard their lifestyle – even if something happens to you.
How does it work?
Life cover ensures your loved ones are protected financially if you pass away or get a terminal illness. It’s designed to relieve financial stress during an emotionally difficult time for family members suffering from the loss of a loved one.
Your cover provides a lump sum payment to your beneficiaries in the case of your unexpected death, helping to keep them financially secure. It also provides a payment if you are diagnosed with a terminal illness with less than 12 months to live, so you can spend time with your family and get the best medical care, without financial pressure.
Your loved ones can use the payment in any way they choose – paying off debts, taking care of everyday expenses, or to maintaining the lifestyle you’ve built for them. Our flexible cover options allow you to choose how much your beneficiaries will receive, so you can customise your cover to their needs.
Key features and benefits
Financial protection: Death cover ensures your loved ones are protected financially if you pass away or are diagnosed with a terminal illness with less than 12 months to live.
Tailored cover: Set your benefit amount within product limits – so you only pay for what you need.
Cash advance: Your estate or beneficiaries can receive a fast-tracked payment of $15,000 while the claim is being settled – for help when they need it most.
Premium savings: You may receive a discount for joint applications with your partner, annual payments and others depending on the product.
Inflation protection: Your cover can automatically increase each year, to help keep up with inflation.
This is a summary of key features only. Please refer to the relevant Product Disclosure Statement for full details.