have made important updates to y

2022.07.31
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have made important updates to y

We have made important updates to your Allianz Life Insurance. You should carefully read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) to ensure the product is right for you. ATPDbenefit pay-out is generally not taxed. Check the PDS for: Also check whether you already have life insurance through your super. Each policy anniversary cover amounts are automatically increased by 5% or the change in the Consumer Price Index, whichever is greater. Your claims specialist will guide you through this process. Allianz Life Plan Product Disclosure Statement and Policy Document (PDS), Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable), Up to $1.5 million cover depending on your age, $15,000 funeral advancement included within the cover, Covers diagnosis of Terminal Illness where death is likely to occur within 24 months, Benefit increases every year to stay ahead of inflation, Up to $500,000 cover depending on your age, Cover for 14 Critical Illnesses as defined, Reinstate your Life cover amount 12 months after a Critical Illness claim, Lump sum payment if you are unlikely ever to work again due to sickness or injury, Reinstate your Life cover amount 12 months after a Permanently Unable to Work claim. The funds can be used for any purpose you choose, whether to pay for treatment and other medical costs, or any associated costs related to lifestyle changes (such as reducing working hours). With Real Term Life Cover, you can tailor the Benefit Amount to suit your needs. Please review thePDSfor more information as exclusions apply. Learn more. Complete all forms provided by your claims agent or simply download the most appropriate form below. This means: Note: If your cover ends prior to the expiry of your Life Insurance Benefit, you will not be eligible for the Final Expenses Benefit or the guaranteed cash payout. Important information : This product is not suitable for purchase within a superannuation fund. With Real Life Insurance, there are no medical tests required, since we ask a series of underwriting questions over the phone that cover important information that enables an assessment of your application. This requires the written opinion of a Specialist supported by reasonable medical evidence in relation to your life expectancy. A dedicated claims agent will be assigned to your claim, and will contact you to take you through the claims process. We will simply ask you some health and lifestyle questions over the phone. Life insurance is not only designed to cover specific debts, but it provides a lump sum cash benefit to your nominated beneficiaries and they can spend the money as they wish. Protect your wealth and lifestyle that you have worked so hard for and enjoy the new found free time. In the case of Cancer of specified severity, Cardiac Surgery, and Vascular Disease we will not pay a benefit if the insured event occurs, is first diagnosed, the symptoms leading to the diagnosis become apparent, or the recommendation for surgery is made within 90 days of: With Direct Life Insurance, people can apply for cover over the phone without going through a lengthy doctors examination or uncomfortable blood tests. biochips abstract Life insurance is a way of protecting the financial future of your loved ones if you were no longer around to provide for them. Please refer to the Product Disclosure Statement for details of When is a benefit not payable (policy exclusions)?. If we pay the $15,000 Advancement for Funeral Expenses, the Life Cover Amount will be reduced by the amount of this advancement. Refer to these for more detailed information about how a specific calculator works. The maximum age you can apply for cover is 59, and cover can remain in place until the policy anniversary following your 65th birthday. When you take out Life cover, you have the option of including Critical Illness cover and Permanently Unable to Work cover. Once completed documents are received, well assess the claim and pay, subject to approval, without unnecessary delay. Get 10% of your first years premium back after 12 months. Permanently Unable to Work cover will remain at $300,000. Baulkham Hills NSW 2153. Protect everything you and your partner are working towards, as you expand your financial responsibilities. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). Permanently Unable to Work cover must be taken out in conjunction with Life Cover. Payment of the Advancement for Funeral Expenses is not acceptance of a Life cover claim. Dont leave anything to chance. Life changes and your level of cover may need to as well. For terms, conditions and exclusions about our life insurance, please refer to the Product Disclosure Statement (PDS).

Youve just bought your first home and taken out a mortgage. A policy must include Life cover, and you can also choose to apply for Critical Illness cover and/or Permanently Unable to Work cover. the reinstatement date where we have agreed to reinstate the benefit after it has lapsed. Cover is subject to conditions as outlined in the. Some of the optional covers will expire at certain ages and these are set out in theProduct Disclosure Statement. Its always best to seek the assistance of a tax expert for advice, however usually any personal life insurance benefits that you or your family receive arent counted as taxable income, and therefore will not be taxed. It is a way of protecting your family's financial future*. As long as you pay your premiums on time, your policy is guaranteed to be renewed.

Youre also entitled to a 30 day cooling off period if you change your mind8. If Critical Illness cover or Permanently Unable to Work cover is paid in full, we may reinstate the Life Cover Amount that was reduced as a result of the Critical Illness or Permanently Unable to Work payment after a 12 month waiting period. If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover. Different life insurance products are designed to protect you from different events that can occur: If you were a OnePath Life customer between 2010 and 2016 or a Freedom Insurance customer between 2010 and 2018, you may be entitled to a compensation payment. The maximum total amount payable under this policy is the Life cover amount listed on the Policy Schedule. Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. If one of these conditions or events occurs again after the 90 day exclusion period and is not related to the first occurrence, a benefit would then be paid. Terms, conditions, limits and exclusions apply. The cover amount of Critical Illness cover and Permanently Unable to Work cover cannot exceed the Life cover amount. Sometimes assessment leads to a need to obtain additional information. For full details and eligibility criteria, see the 'Life cover Buy Back section of the. Because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs. It provides a lump sum payment (subject to conditions) in the event that you suffer a defined Critical Illness5. Protect your independence and ensure you can sustain your lifestyle if you become sick, or get injured. Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. Ensure your young family is protected. Request a quote for Real Term Life Cover. Make sure you're not paying for insurance twice. Reply Paid 6728 The cover amount of Critical Illness cover and Permanently Unable to Work cover cannot exceed the Life cover amount. We will not pay a Permanently Unable to Work benefit where the condition is intentionally self-inflicted. Any policy exclusions applicable to Life cover, will also apply to the Advancement for Funeral Expenses.

Your policy doesnt have a cash value and cannot be redeemed for cash. Estimate the level of cover you need to make sure your family is looked after if you were no longer there to provide for them. Please refer to the 'How much cover can I apply for?' If Critical Illness cover or Permanently Unable to Work cover is paid in full, we may reinstate the Life Cover Amount that was reduced as a result of the Critical Illness or Permanently Unable to Work payment after a 12 month waiting period. There is no savings or investment component to life insurance. This benefit is only available where certain reasonable proof and documentation is provided. Cover is subject to conditions as outlined in the Product Disclosure Statement and Policy Document. It provides a lump sum payment (subject to conditions) in the event that the Life Insured is permanently unable to work due to sickness or injury6. All life insurance payments go to the Policy owner. Once you are accepted, as long as you pay your premiums, we guarantee to continue your cover until the policy anniversary after your 65th birthday, regardless of changes to your health condition.4,1. Before you buy life insurance, by law an insurer must give you a product disclosure statement (PDS). Friendly, gave me all the information that i needed to make an inform decision. Applies subject to payment of premiums when due. 234708 is the general insurer except in respect of life insurance, in which case Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. Premiums may vary depending on lifestyle and health risk factors. he told me the quote and had me set up all in the one phone call 1300 377 325 All product information displayed on this website is subject to policy terms and conditions (including eligibility criteria, exclusions and limitations). Did you know that 60% of Australian parents are concerned they dont have sufficient life insurance cover for their needs.2. Make sure youre covered for the unexpected. ichi sbi 2012, 2013 AB+F Insurance Awards "Life Insurance Product of the Year". Use the toggle below for the maximum cover amount, which is dependent upon your age. Your family is maturing and life is settled, but the unexpected can still happen. In either case, we consider any new information promptly and we may pay a $10,000 advance funeral payout while we assess the claim. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). Payment of a benefit under Permanently Unable to Work cover reduces the cover amount of any remaining benefits under Life cover and Critical Illness cover by that payment amount. If you cancel your cover within the first 30 days of the commencement date and you have not made a claim during this time, we will provide you with a full refund of any premiums you have paid. "$9.50 a week" as at 5 March 2021: Provisional quote based on 39 year old, non-smoking male for $500,000 life cover. and 'Maximum benefits payable' section in the Product Disclosure Statement for details. The Insurer for general insurance products is The Hollard Insurance Company Pty Ltd ABN 78 090 584 473, AFSL 241436 (Hollard), and for all life insurance products is Hannover Life Re of Australasia Ltd ABN 37 062 395 484, AFSL 530811. Here are a few quick workouts that you can do to help strengthen the relevant What are the best fitness apps? You should ensure this cover will be enough for your needs, should you need to claim. the commencement of the benefit; Most super funds offer life insurance, but with generally only a minimum level of cover in the event of death orTPD. Because of that, you should, before acting on the information, consider the appropriateness of the information, having regard to your objectives, financial situation and needs.

410026. It provides a lump sum payment (subject to conditions) if the Life Insured dies or is diagnosed with a Terminal Illness where death is likely to occur within 24 months10. We would encourage you to speak to your financial planner or accountant who may be able to provide you with advice. Most Australians insure major items such as their home, car or health, but what about the most precious asset: your own life? Premiums may vary depending on lifestyle and health risk factors. We pay our respect to First Nations Elders past, present and emerging. Overview Permanently Unable to Work cover, Life Insurance - A Terminal Illness means a Sickness which is likely to result in your death within 24 months. If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover. TPD provides a lump-sum payment if you cant work because you are totally and permanently disabled.