Overview
Minimum entry age |
18 |
|---|---|
Maximum entry age |
70 |
Benefit expiry age |
Policy anniversary after the insured person turns 99 Policy anniversary after the insured person turns 75, when structured inside super |
Minimum sum insured |
$50,000 |
Maximum sum insured |
$3,000,000 |
Premium types |
Variable age-stepped premium |
Funding options |
Life Cover is available both inside and outside of super |
Key benefits
Life Cover includes the below key benefits, valuable features, and the ability to add an optional benefit.
If cover is purchased inside super, then only the benefits and features marked with an * are available. If cover is purchased outside super, then all benefits and features are available.
All Life Cover benefits and features are subject to the full terms and conditions outlined within the Encompass Protection PDS.
Death benefit*
Terminal illness benefit*
Funeral advancement benefit
Valuable features
INDEXATION BENEFIT*
To help ensure cover keeps pace with the cost of living and maintains real value, we automatically increase the Life Cover sum insured each year by the higher of 3% or the percentage increase in the Consumer Price Index.
FUTURE INCREASE BENEFIT*
The Life Cover sum insured can be increased after certain specified events without having to provide further medical or health information.
FINANCIAL ADVICE BENEFIT
If we’ve paid a Life Cover benefit payment, we’ll reimburse up to $5,000 for the cost of a financial plan from a qualified financial adviser.
Optional benefits
In addition to the key benefits and valuable features, a Disability Premium Waiver Option* can
be added to Life Cover for an additional cost. See the Encompass Protection PDS for details.