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Our comparison tool provides a simple overview of some of the key features that are generally associated with each insurance type and is designed to help you determine which type of cover is most suitable for your needs.

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Funeral Insurance Accident Insurance Term Life Total & Permanent Disability Critical Illness Income Protection Mortgage Protection      
What Is The Purpose Of This Cover This cover is designed to assist with the cost of a funeral and other final expenses. This cover is designed to provide financial support for your family if you die in an accident. If you have injury cover, this will also provide financial support if you are seriously injured in an accident. This cover is designed to provide financial support if you die due to sickness, suicide or an accident. This cover is designed to provide financial support if you become totally and permanently disabled due to an illness or injury and cannot return to work. This cover is designed to provide financial support if you are diagnosed with or suffer a specified serious illness or injury. This cover is designed to replace up to 75% of your regular income if you are unable to work for an extended period of time due to illness or injury. This cover is designed to meet your mortgage obligations if you are unable to due to death or in some circumstances due to illness or injury.      
Why Might You Need This Cover You might want to consider this cover if you don’t have sufficient savings or other means to cover the cost of your funeral and you are worried about passing this debt onto your family. You might want to consider this cover if you are young and in good health and have a family who depend on you. It is also a good option if you have not been able to obtain full life insurance due to not meeting the underwriting requirements. You might want to consider this cover if you have a family who depend on you and they would need assistance to cope financially if you were no longer there to provide for them. You might want to consider this cover if you don’t have sufficient means to cover medical and rehabilitation costs, home modifications and ongoing living expenses if you were totally and permanently disabled. You might want to consider this cover if you do not have sufficient means to support yourself and your family whilst recovering from a serious illness or injury such as a heart attack or stroke. You might want to consider this cover if you would not be able to cope financially without your regular income from paid employment. You might want to consider this cover if you currently have a mortgage.      
Who is This Cover Suitable For Mature age singles or couples with or without children. Anyone with a dependent spouse or family. Injury cover is also suitable for individuals, particularly those who work in a manual trade. Anyone with a dependent spouse or family. Anyone at any stage of life. Singles or couples with or without dependent children during their working years. Singles or couples with or without dependent children during their working years. Anyone with a mortgage.      
What Amount of Cover is Available $4,000-$15,000 (sometimes up to $30,000) $50,000 - $500,000 $50,000- $1 million+ $50,000- $1 million+ $50,000- $500,000+ Up to 75% of your regular monthly income $50,000- $1 million+      
How much cover is generally recommended Sufficient to cover funeral costs and any outstanding bills. Accidental death cover should cover any existing debts as well as providing funds to cover ongoing living expenses and other expenditure that will be incurred by your family and dependents into the future. The level of Accidental injury cover recommended will depend on the events being covered Sufficient to pay off any existing debts as well as providing funds to cover ongoing living expenses and other expenditure that will be incurred by your family and dependents into the future. Enough to repay existing debts, provide funds to help replace your loss of income and cover any potential medical or rehabilitation expenses. Enough to cover medical and rehabilitation expenses and to provide a financial buffer. You can also obtain additional cover to reduce debt, cover lost income or allow you to concentrate on your recovery. Choosing your benefit amount, waiting period and benefit period will depend on a number of factors such as your age, accumulated sick leave, your ongoing financial commitments, the level of your savings and your access to other income. At a minimum it should pay out the whole loan balance where cover is obtained for events like death, terminal illness and TPD. For other benefits such as critical illness it should pay an amount that will at least cover your loan repayments for a significant period of time      
What is the Entry Age For this Cover 0-80 (sometimes the upper age limit may be lower) Generally 0-70 Generally 0-65 Generally 0-55 Generally 0-60 Generally 18-60 Generally 18-60      
What is the Termination Age For this Cover There is usually no termination age. Anywhere between 75 and 90 Anywhere between 75 and 90 Generally 65-70 Generally 65-70 Generally 65-70 Generally 65-70      
What Type of Benefit is Paid Lump sum benefit Lump sum benefit Lump sum benefit Lump sum benefit Lump sum benefit Regular fortnightly or monthly benefit paid for the nominated benefit period. Lump sum benefit      
Is the Benefit Taxable There is generally no tax payable on the benefit amount. There is generally no tax payable on the benefit amount. There is generally no tax payable on the benefit amount. There is generally no tax payable on the benefit amount. There is generally no tax payable on the benefit amount. Tax will generally be deducted from any benefit payments, however unlike most other types of insurance, the premiums are usually tax deductible. There is generally no tax payable on the benefit amount.      
What are the Underwriting Requirements There are no medicals or health questions but an initial waiting period for death due to sickness and suicide. There are no medical or health questions. The Life Insured will generally be required to answer a number of health, lifestyle and occupation-related questions. They may also be required to undergo a medical assessment. The Life Insured will generally be required to answer a number of health, lifestyle and occupation-related questions. They may also be required to undergo a medical assessment. The Life Insured will generally be required to answer a number of health, lifestyle and occupation-related questions. They may also be required to undergo a medical assessment. The Life Insured will generally be required to answer a number of health, lifestyle and occupation-related questions. They may also be required to undergo a medical assessment. The Life Insured will generally be required to answer a number of health, lifestyle and occupation-related questions. They may also be required to undergo a medical assessment.      
What are the Exclusions There are generally no exclusions after the initial waiting period (usually 12 – 24 months). Generally death and injury due to self-inflicted causes. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS. Generally suicide within the first 13 months. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS. Generally injury due to self-inflicted causes. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS. Generally injury due to self-inflicted causes. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS.. Generally injury due to self-inflicted causes. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS. Generally injury due to self-inflicted causes. High risk and illegal activities are also usually excluded. The full list or exclusions and limitations will be set out in the PDS.      

Important Information

Product terms will differ between providers and you need to refer to the respective product’s PDS for more specific information. Any advice contained here is general in nature only and doesn’t take into account your personal objectives, financial situation or needs. Tax information is based on current laws and their interpretation.