Why do you need life cover?

Life Cover is an easy and cost-effective way to protect your business if you or a key person dies or is diagnosed with a terminal illness. It provides peace of mind that your business can continue to  operate at a time when critical decisions about the future of your business need to be made.

Some examples of how this money can help are:

  • a cash injection to help your business continue operating
  • clearing business debt or loans
  • recruitment costs to find a replacement person
  • succession planning
  • executing a buy/sell agreement.

Benefits

Life Cover provides several benefits that are built into the cover as well as an optional benefit you can choose to add at an additional cost. So it’s easy to tailor your Life Cover to suit your needs and budget.
Life Cover Benefit

Built-in benefits

Payment of the Life Cover sum insured if a life assured passes away.

Terminal Illness Benefit

Built-in benefits

An early payment of the Life Cover sum insured if a life assured is diagnosed as terminally ill.

Cover Conversion Option

Built-in benefits

Allows you to convert your Life Cover to another policy if your circumstances change.

Grief Counselling Benefit

Built-in benefits

A reimbursement of up to $2,500 for the costs of receiving grief counselling.

Financial & Legal Advice Benefit

Built-in benefits

A reimbursement of up to $2,500 for the costs of receiving professional advice.

Business Increase

Optional benefit

Allows you to  increase the sum insured without further assessment of health if there's a justified need for additional cover.

Other Cover options

Trauma Cover

Insurance that pays a lump sum if you or a key person gets a defined illness or condition for the first time.

Complete Disablement Cover

Insurance that provides a lump sum if you or a key person becomes completely or partially disabled due to illness or injury.

Monthly Disability Cover

Insurance that pays a monthly amount in the event you or one of your key people are unable to work as a result of illness.

Find the right cover for you

To make sure you choose the right cover for your needs, you'll need the help of a qualified Insurance Adviser. We can connect you with an Adviser near you. Leave your details and someone will give you a call for a quick, no-obligation chat about your personal insurance needs.