It’s not the most exciting thing in the world, however it could be the most important if those unfortunate circumstances present themselves.
With many insurers climbing over each other to ‘get ahead’ on the benefits offered, as they are all very similar, it’s refreshing to see one of them, in a way giving something away (without the need for underwriting).
Currently, if you choose a life insurance policy to protect your family, you will only get paid in 2 instances:
1. Terminal Illness (with likelihood of claiming on death within 12 months);
2. Payable on death.
Normally, if you wish to protect yourself and your loved ones in the unfortunate event of being diagnosed with cancer or another form of traumatic illness, you would have to apply for what is called ‘Trauma Insurance’ or ‘Critical Illness Insurance’. This pays a lump sum if you are diagnosed with one of up to 40+ illnesses.
Now, if you (like most people) only have life insurance and are diagnosed with cancer, can effectively ‘cash in’ your policy to access 30% of your insured benefit.
For example, if you had $1,000,000 life insurance cover, and were diagnosed with Cancer, Heart Attack, Stroke, Motor Neurone Disease, MS or Parkinson’s, you could receive $300,000 in cash paid to you.
If you know someone who has been affected by cancer or others mentioned above, you know the value these funds can bring.
Talk to us about how you can access these important benefits today on 1800 674 435 or EMAIL.