Mortgage Protection provides a simplified life insurance product that can be purchased. Following is a summary of some of the main features of this product. For full details, please refer to your Product Disclosure Statement or speak to your adviser.
Package 1 provides:
• Term Life benefit.
• Permanent Disablement benefit.
• Disability Income benefit.
• Claim Escalation benefit.
• Lump sum payment on death or total and permanent disablement.
• Monthly benefit upon total or partial disablement.
• Available only for lives insured in paid full-time employment (Working for 25 hours or more per week, 48 weeks per year, excluding public holidays). Not available for occupation category E and plans on 'home duties'
Provides cover for death and total and permanent disablement ('home duties' definition) only.
Package 2 provides:
• Term Life benefit.
• Permanent Disablement benefit ('home duties' definition).
• Available only for lives insured on 'home duties', in paid employment in occupation category E or in paid part-time employment in any eligible occupation category. (Part-time employment is working for pay but not working full-time).
