Personal Insurance :: Life Protection Plan
The Life Protection Plan caters for individuals who are looking to provide protection for their family against financial hardship, and those people who wish to ensure the continuity of their business. The product is also suited to trustees of superannuation funds as it can be utilised to provide benefits on death and total and permanent disablement to members of a superannuation fund. Life insurance safeguards against the financial effects of unexpected death or disablement at both a personal and professional level; and alleviates the need to liquidate assets or dip into savings.
Premiums are the cost of your insurance cover and include any optional benefits you may have chosen.
There are two premium options available:
- Stepped Premiums, which are based on age and recalculated each year on the policy anniversary, and
- Level Premiums, which are based on your age when the policy is started and remain the same throughout the term of the policy.
Need Help?
For more information about the Life Protection Plan, contact TOWER.
