CommInsure Protection: Total Care Plan Life Cover

Life Cover pays a lump sum death benefit to your beneficiaries if you die while holding a policy. It allows you to protect your family against the financial impact of losing you and the income you would have earned during your lifetime.

You may be able to receive early payment of your death benefits if you are diagnosed with a terminal illness. You could use the funds for any purpose, such as to cover medical or living expenses; or to ensure your family's financial independence by paying of your mortgage or investing for a future income.

While assessing your application CommInsure will provide you with 90 days' interim accident cover. Once your Total Care Plan Life Cover is place it provides life insurance until you reach age 99, or age 80 if you take out your cover through your superfund. There is no limit to the amount of benefit you can insure.

If your Life Care cover is held outside of your superannuation your family may be able to receive an immediate advance of part of your death benefits to help with funeral or medical expenses.

Optional Life Care cover features include the right to increase your level of cover at any time in the future if your circumstances change, without providing additional medical information. There is also a 'plan protection' option which keeps your Life Care policy in place without you having to pay premiums for a while if you become temporarily disabled.

Depending on your age you can choose to pay for your Life Cover with stepped or level premiums, so you can decide whether to pay the majority of the cost up-front or towards the end of the policy's life.

For full details of the CommInsure Protection range of life insurance products you can download the Product Disclosure Statement here.