Priority Protection
The following applies across all plans:
Priority Protection offers you a range of plans to cater for all your life insurance needs. There are 4 plans under the one policy. You can purchase each plan separately or in combination with one or more of the other plans. You can also purchase the Superannuation Term Life Plan which will be issued as a separate policy.
The following applies across all plans:
- Minimum premium: $300 per year per policy, which includes the premium for all benefits chosen, the policy fee, any premium frequency charge and stamp duty.
- Premium rates: Premium rates under all plans are guaranteed for at least one year. Notwithstanding the 1-year guarantee, your premiums may vary from time to time. However, premium rates cannot be altered individually but only for all policies in a group. Your policy cannot be singled out for an increase.
- Cooling-off period: You have the flexibility of a 28-day cooling-off’ period upon purchase of the plan. For full details, please refer to the Product Disclosure Statement or speak to your adviser.