Life Insurance

Life Care
Life Care is term insurance that pays a lump sum in the event of death or terminal illness.

Life Care is available through our Total Care Plan and Total Care Plan Super products.

It can be purchased as a stand-alone product or with other product combinations as detailed below.

Benefits available under the policy.

Life Care Benefits	Benefit Description
Death Benefit	Pays a lump sum on your death.
Interim Accident Cover	Covers you for accidents while we are processing your application.
Terminal Illness Benefit	Advances the Life Care benefit if you are terminally ill.
Financial Planning Benefit	Helps cover the cost of financial planning for loved ones after the Life Care benefit is paid.
Life Care Advance Payment Benefit	Advances part of the Life Care benefit to help pay for funeral costs.
Severe hardship booster benefit	Pays an increased Life Care benefit for death or terminal illness due to specified conditions.
Loyalty Bonus Benefit	Rewards you for keeping your cover by paying 5% more Life Care benefit.
Buy Back Benefit	Allows Life Care to be reinstated after 12 months if it is reduced due to a full TPD Cover claim or a Trauma Cover claim.
Accommodation Benefit	Helps cover the cost of accommodating a family member who has to be away from home to be near you if you are confined to bed and away from home.
Indexation Benefit	Increases your cover each year in line with inflation.

There are also optional benefits that you can choose to shape your Life Care to suit your needs.

Life Care Options	Option Description
Guaranteed Insurability Option - Personal Events	Allows you to increase Life Care without further evidence on specific occasions.
Guaranteed Insurability Option – Business Events	Allows you to increase your Life Care Benefit without further medical evidence if you increase your business loan, the value of a key person grows, the value of your financial interest in a business grows or if your business increases in value.
Business Safe Cover Option	This option is similar to Guaranteed Insurability Option (Business Events), where on application we assess you for three times your chosen amount of cover, so that you can increase your cover without any further medical evidence when the relevant business event occurs.
Child Cover Option	Child Cover pays a lump sum equal to the amount for which you insure your child, if your child dies or suffers from one of the 38 Child Trauma Cover conditions.
Accidental Death Cover Option	Provides simple accident cover at low cost.
Plan Protection Option	Ensures you don't have to pay premiums if you are totally disabled.

Benefits available under the policy.

TPD Benefits	Benefit Description
TPD Benefit	Pays a lump sum if you become totally & permanently disabled due to sickness or injury.
Death Benefit1	Pays a lump sum on your death.
Financial Planning Benefit	Helps cover the cost of financial planning after a TPD Benefit has been paid.
Severe Hardship Booster Benefit	Pays a higher TPD Cover Benefit for TPD due to specific conditions.
Loyalty Bonus Benefit	Rewards you for keeping your cover by paying 5% more TPD Cover Benefit.
Buy Back Benefit	Allows Life Care to be reinstated after 12 months if it is reduced due to a full TPD Cover claim.
Accommodation Benefit	Helps cover the cost of accommodating a family member who has to be away from home to be near you if you are confined to bed and away from home.
Indexation	Increases your cover each year in line with inflation.
Interim Accident Cover	Covers you for accidents while we are processing your application.
Continuation Option1	Allows you to obtain a new individual Life Care policy without further medical evidence, if that TPD Cover benefit becomes payable or your Standalone TPD Cover.

¹Only available for a standalone policy

There are also optional benefits that you can choose to shape your TPD Cover to suit your needs.

TPD Options	Option Description
Guaranteed Insurability Option – Business Events2	Allows you to increase your TPD Cover without further medical evidence if you increase your business loan, the value of a key person grows, the value of your financial interest in a business grows or if your business increases in value.
Business Safe Cover Option	This option is similar to Guaranteed Insurability Option (Business Events), where on application we assess you for three times your chosen amount of cover, so that you can increase your cover without any further medical evidence when the relevant business event occurs.

²Only available for a policy with Life Care

There are also optional benefits that you can choose to shape your Total Care Plan Super to suit your needs.

Total Care Plan Super options*	Option description
Plan protection option	Ensures you don’t have to pay premiums if you are totally disabled.
Accidental death cover option	Allows you to top-up your Life Care cover. It will pay you a lump sum in the event of your death by accident. The lump sum is payable in addition to any Life Care Benefit payable.
Increasing claim option (Income Care Super)	Ensures that your claim benefit increases with the changes in inflation.
Accident option (Income Care Super)	Allows you to receive a claim benefit during your waiting period if you are totally disabled by an injury for three days in a row.

*These benefits will be paid into your super and may be subject to preservation rules.