Tower Australia

Personal Insurance :: Accelerated Protection

Accelerated Protection is an award winning life insurance product backed by a fast and hassle free application process which results in more than 85% of underwritten decisions within 3 days for customers 45 years and under.

You don’t want to be hassled with the usual life insurance application processes. Blood tests and medical exams may mean you have to wait weeks, even months to receive a decision on your insurance. And no one likes being jabbed or prodded even if it’s to cover the most important asset you have - your life.

That’s why we created Accelerated Protection.

For more information, visit the links below or take a look at our website.

APPLYING FOR ACCELERATED PROTECTION

So what’s so unique about our process?

No lengthy forms

Once you have answered questions about your medical and family history and pastimes, your adviser will submit your application online immediately. It’s as simple as that, no lengthy forms means less time spent waiting.

No mandatory medical reports

After your application has been submitted you will be given an immediate decision on your cover based on the answers you’ve supplied. Better still, if you are under 45 years of age, there are no mandatory medical reports or blood tests that you have to complete.

Fast decisions

The decision you receive could be an immediate acceptance, meaning you‘re covered automatically! If you are not automatically accepted, your case will be referred to our underwriting team who may contact you by phone to gain more information before they make a decision about your cover.

With Accelerated Protection there’s no need for you to sit around and wait for news on your insurance.

For more information, visit our website or speak to your financial adviser today.

ACCELERATED PROTECTION – LIFE PLAN

This plan provides life, total and permanent disability and critical illness cover. Some of the important benefits offered by the Life Plan include:

  • Life Plan Benefit – a lump sum payment of up to $2,500,000 is paid if you die.
  • Terminal Illness Benefit – early payment of the Life Plan Benefit if you are diagnosed with a Terminal Illness (likely to result in death within 12 months).
  • Advanced Payment Benefit – on receipt of the death certificate we will pay a $10,000 advance payment on the Life Plan Benefit to cover immediate costs like funeral expenses and outstanding bills.
  • Financial Planning Benefit – we will reimburse up to $1,000 toward the cost of a financial plan prepared by a financial adviser within 12 months of the date we finalise your claim so you can be sure your benefits are being managed effectively.
  • Accommodation Benefit – accommodation costs for an immediate family member will be met up to $150 per day and for a period of up to 14 days if we pay a Benefit and you’re confined to bed more than 100km from home.
  • Guaranteed Future Insurability Benefit – we make it easy for you to increase your cover when you take a significant step in your life, such as getting married, having a child or buying a home.
  • Total and Permanent Disability (TPD) Benefit – is a lump sum benefit paid out upon Total and Permanent Disability.
  • Critical Illness Benefit Option – provides a lump sum payment for a range of conditions listed in the PDS such as cancer or heart attack.

For more information, visit our website or speak to your financial adviser today.

ACCELERATED PROTECTION – INCOME PLAN

This provides a substitute stream of money when you can’t earn your income because of sickness or injury. You can choose Standard or Comprehensive cover. Some of the important benefits offered by the Income Plan include:

  • Total Disability Benefit – a Monthly Benefit up to 75% of your income paid if you suffer Total Disability
  • Three Tier Disability definition – there are three different ways we will accept the definition of disability i.e. hours, income or duties based and you choose the definition at time of claim. This gives you more flexibility when it comes time to claim.
  • Partial Disability Benefit – a Monthly Benefit paid when you can only work in a reduced capacity due to Sickness or Injury.
  • Inflation Protection Benefit – this automatically increases the Monthly Benefit for each benefit under the Income Plan by CPI each year until the cover expires to make sure your benefits retain their original value.
  • Recurrent Disability Benefit – if a disability recurs from the same or related cause within 12 months of a claim ending, it will be treated as a continuation of the original claim. This means you don’t have to wait before benefits recommence.
  • Waiver of Premium Benefit – premiums for your Income Plan cover will be waived while you’re receiving a benefit payment for Total or Partial Disability.
  • Recovery Support Benefit – we will provide funds to assist in rehabilitation and contribute to items such as artificial limbs, prosthetic devices, travelling and education expenses, and house and car modifications.
  • Rehabilitation Benefit – cover provided so you can participate in an approved Rehabilitation Program. The amount paid will be 50% of the Monthly Benefit.

For more information, visit our website or speak to your financial adviser today.

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