It’s something we don’t like to think about, but unfortunately you just have to read the newspapers every day to see that any one of us can be struck by an accident, and the fact is on average, 151 people die every week in Australia as the result of an accident#.
Of course, when such tragedy strikes, costs don’t go away, in fact serious injuries can mean a costly and lengthy period of recovery and rehabilitation. And, if you were to pass away suddenly your family may need funds to help with paying off loans, or simply to meet day to day living expenses.
That’s why, whether you’re working or enjoying life in retirement, it’s important to plan to make sure you and your family are financially protected. Accidental Death & Serious Injury Insurance is designed to give an extra measure of financial protection for you and your family, against the ever present risk of accidents.
#Australian Bureau of Statistics Causes of Death, Australia, 2007 (Cat. No. 3303.0, 2009)
Accidental Death & Serious Injury Cover can give you the peace of mind of knowing that you have a measure of financial protection if you were to die or suffer a serious injury in an unfortunate accident.
Your chosen benefit could be used to help you on the path to recovery, or help secure your family’s financial future if you were no longer there to provide for them.
The benefits of Accidental Death & Serious Injury Cover
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Guaranteed acceptance for Australian residents aged 18 to 69
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No medical or blood tests required
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Apply over the phone - no forms to fill out
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From $50,000 up to $500,000 benefit
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From just $2.77 per week for a Single Plan with $50,000 benefit
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Your lifetime premium rate doesn’t increase just because you get older
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Single or Joint cover options
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Cover 24/7, worldwide#
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Monthly or fortnightly payment options
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30-day cooling off period
Covered injuries
The policy pays your chosen benefit in the event of your accidental death, or if, as the result of an accident, you experience one of the following injuries#:
#Conditions apply.
If you’re an Australian resident aged 18 to 69 you can’t be turned down for this cover, and once covered we also guarantee to renew your policy all the way to age 75.
You can select a benefit amount from $50,000 up to $500,000.
You can also be covered with your partner on the same policy, and you can each select your individual benefit amounts.
Accidental Death & Serious Injury Cover can give you the peace of mind of knowing that you have a measure of financial protection if you were to die or suffer a serious injury in an unfortunate accident.
The policy can provide a lump sum payment to you or your family if you die or are seriously injured as the result of an accident. The money could be used to help you on the path to recovery from a serious accident, or to help secure your family’s financial security if you were no longer there to provide for them – the cash could be used to help cover expenses such as the mortgage, car repayments or day to day bills.
You can select a cover option that suits your needs and budget, from $50,000 up to $500,000 benefit which is paid as a lump sum in the event that you suffer a defined serious injury or death as a result of an accident.
If you cancel your Accidental Death & Serious Injury Cover within the first 30 days of commencement – for any reason whatsoever – you’ll receive a full refund of premiums that have been paid. If you cancel your Accidental Death & Serious Injury Cover (after the 30 day cooling off period) you will not get anything back unless you have paid more than 30 days in advance, as Accidental Death & Serious Injury Cover is not a savings plan. However, if you have chosen a yearly payment option, we will refund you a pro rata of the unused portion.
If you are an Australian resident aged 18 to 69 we guarantee to accept you for this insurance, with no health questions and no medical requirements.
No, and there are no intrusive questions about your health and lifestyle.
"Accident" means an event resulting in bodily injury occurring while this Policy is in force, where the injury is directly and solely caused by accidental, violent, external and visible means without any other contributing causes and where the injury is not self inflicted.
"Accidental Death" means death occurring as a direct result of an Accident and where death occurs within 90 days of the Accident.
Accidental Serious Injury means a Serious Injury occurring as a direct result of an Accident and where the Serious Injury occurs within 12 months of the Accident.
To help ensure that your level of insurance cover keeps up with increases in inflation your cover level is automatically increased on each policy anniversary by 5%. We will write to you each year to tell you about this, and you may decline this increase if you wish.
The automatic increases stop at the policy anniversary after you reach age 74.
Provided you are an Australian Citizen or permanent resident living in Australia and have no plans to relocate outside of Australia at the time of application, once your application is accepted you’re covered anywhere in the world 24/7.
Yes. With Accidental Death & Serious Injury Cover you can take out insurance solely on your own life (Single Plan), or you can choose to include your partner under your policy (Joint Plan).
When you apply with your partner you can each apply for individual benefit amounts.
Just
get a quote to see how affordable cover can be for you. Cover starts from $2.77 per week for $50,000 benefit under a Single Plan.
Generally the premiums are not tax deductible and benefits paid are not assessed as income. This information is based on continuance of present tax laws and our interpretation of those laws. Your individual situation may differ and you may need to seek qualified professional advice in relation to your particular circumstance.
Your policy will continue until the first policy anniversary after you reach age 75.
We make all benefit payments to the Policy owner. If the Primary Life Insured dies while owning the Policy, the Insurance benefit will be paid to the Policy owner’s legal personal representative, or other person that we are permitted to pay under the Life Insurance Act 1995.
You can nominate a person as a beneficiary to receive the benefit on death by simply downloading a
beneficiary form, complete and mail it to Real Insurance, GPO Box 1679, Crows Nest, NSW 1585.
Another question? Email us at info@reallifecover.com.au