Freedom Essential Life Cover is insurance that pays a lump sum benefit of up to $200,000 which is designed to provide financial assistance to your family in the event of your death or diagnosis of a terminal illness.
You can apply for Freedom Essential Life Cover quickly and easily over the phone with no medicals or health questions and provided you are an Australian Resident aged 18 – 65, your application will be automatically accepted.
As you are not required to undertake any medicals or answer any health questions when you apply, any pre-existing medical conditions that were evident in the past 5 years and that give rise to an insured event will not be covered. This is known as a ‘PEC’ exclusion. You can, however, apply to have the PEC exclusion removed after you have taken out the cover. Refer to page 13 of the Product Disclosure Statement for more information about the PEC and other standard exclusions that apply to this cover.
Freedom Essential Life Cover also comes with a very special offer – YOUR FIRST MONTH OF COVER IS ABSOLUTELY FREE! This means you can start your protection today and then use this time to consider whether the cover is right for you. Regardless of whether you choose to continue the cover, the first month will not cost you anything.