Understand the gaps
We look at how different types of cover can work together rather than assessing each policy in isolation.
COVER THAT WORKS TOGETHER
Build a protection plan around your life.
Life insurance is rarely about one policy. Different types of cover are designed to protect against different financial risks, from losing an income to serious illness, permanent disability or death.
We help you understand how different types of insurance can work together and compare options from 11 leading insurers.
Combine different types of cover
Build protection around the financial risks most relevant to you.
Compare more than price
Definitions, exclusions, features and policy structures can all differ.
Guidance from an adviser
Understand the options available before deciding how to structure your cover.
A COMPREHENSIVE APPROACH
Different policies protect against different risks.
No single insurance policy protects against every financial risk. Life Insurance, TPD, Critical Illness and Income Protection are designed to respond to different events and can often work alongside one another.
Depending on your circumstances, a more comprehensive approach may involve a combination of covers rather than relying on one policy alone.
COMPARE YOUR OPTIONS
Understand what each type of insurance is designed to do.
The appropriate type, amount and structure of cover will depend on your circumstances. Policy terms, eligibility and availability can vary between insurers.
| Cover | What it protects against | Who it may help | Benefit | Ownership | Important details |
|---|---|---|---|---|---|
| Life Insurance | Death or terminal illness, subject to policy terms. | People with partners, children, dependants, mortgages or other significant financial commitments. | Generally a lump-sum payment. | Personal or Superannuation. | Sum insured, beneficiaries, terminal illness definition, exclusions, premium structure and whether cover is standalone or linked. |
| Income Protection | Loss of income if illness or injury prevents you from working. | Employees, professionals, self-employed people and anyone who relies heavily on their earned income. | Usually an ongoing monthly benefit based on a proportion of income. | Personal or Superannuation. | Waiting period, benefit period, income replacement level, disability definition, offsets, exclusions and premium structure. |
| Critical Illness / Trauma | Specified serious illnesses and medical events that meet the policy definition. | People wanting financial flexibility following conditions such as cancer, heart attack, stroke or multiple sclerosis. | Generally a lump-sum payment. | Personal. | Conditions covered, medical definitions, partial benefits, exclusions, waiting periods and whether cover is linked to Life or TPD. |
| Total & Permanent Disability | Permanent disability caused by illness or injury where the policy definition is met. | People concerned about the long-term financial impact of being permanently unable to work. | Generally a lump-sum payment. | Personal or Superannuation. | Own occupation, any occupation or activities-of-daily-living definitions, occupation category, exclusions and linked versus standalone cover. |
| Key Person Insurance | Financial loss to a business following the death, disability or serious illness of a key person. | Businesses dependent on founders, directors, specialists or key revenue-generating employees. | Usually structured using lump-sum Life, TPD and/or Critical Illness cover. | Business. | Who is insured, purpose of cover, ownership, business valuation, financial loss being protected and tax considerations. |
| Redundancy Cover | Certain financial impacts following involuntary redundancy, where covered by the relevant product. | Eligible employees concerned about meeting financial commitments following unexpected job loss. | Benefit structure varies by product. | Personal. | Eligibility, qualifying period, waiting period, benefit limits, employment requirements, exclusions and the definition of redundancy. |
This information is general in nature. Product availability, benefit limits, age limits, definitions, exclusions and eligibility criteria vary between insurers and policies. Refer to the relevant Product Disclosure Statement for full details.
NOT ALL POLICIES ARE CREATED EQUAL.
The same amount of cover can provide very different protection.
Policy definitions, exclusions, waiting periods, benefit periods, premium structures and underwriting can vary between insurers.
With TPD, for example, the definition may be based on your own occupation, any suitable occupation or your ability to perform specified daily activities. Critical Illness policies can also differ in the conditions covered and medical definitions that must be met.
Comparing insurance should involve more than comparing the premium.WHY USE AN ADVISER?
Build cover around the bigger picture.
Insurance decisions can involve more than choosing a product and a premium. We help you understand how the different pieces can fit together.
Compare more than price
We can compare available policy features, definitions, exclusions and premiums across 11 leading insurers.
Structure your cover
Personal or Superannuation.
Support beyond the application
We assist through underwriting, ongoing policy reviews and the claims process if you ever need to use your cover.
COVER BUILT AROUND YOU
The right mix will be different for everyone.
Someone with young children and a large mortgage may have very different priorities from a single professional, a self-employed business owner or someone approaching retirement.
Your income, debts, dependants, savings, existing insurance through superannuation and other financial commitments can all affect the type and amount of cover you may want to consider.
READY TO REVIEW YOUR OPTIONS?
Build protection with the bigger picture in mind.
Tell us what you're looking to protect and we'll help you understand and compare the cover options available.