Want adaptable insurance with smaller premiums to suit your client’s needs? We are now making insurance inside super even more affordable for your clients with a 10% discount on all new Total Care Plan Super (TCPS) policies with Life and/or TPD cover on a stepped premium and funded using Super Payment Method (SPM). 

Over the life of a policy substantial premium savings are achieved with the TCPS rollover discount and renewal reward and if optional discounts are applied, there are also sizeable first year premium savings that can be offered to your clients. 

All these premium reductions mean SPM gives more people access to life insurance by:

  • Reducing the out-of-pocket expense
  • A much cheaper premium
  • Ensuring more retirement income is preserved.

HOW TO REDUCE PREMIUMS

Save 10% with TCPS rollover discount

10% TCPS ROLLOVER DISCOUNT

For all new Life and TPD cover on stepped premiums, when paying with SPM. Existing TCPS customers may access discount but with full underwriting.


Save 15% with renewal reward

15% RENEWAL REWARD

Applied in 2nd year and subsequent years when paying with SPM.

Save 15% with SPM15

15% SPM15 DISCOUNT

Optional discount that is applied in year one when paying with SPM. Only available on specific commission structures*.

Learn more
Save with 5/4/3/2/1 discount

5/4/3/2/1 DISCOUNT

Optional discount spread over five years with a 5% reduction in the first year, a 4% in year 2 and so on. Only available on specific plan codes^.

*SPM15 is a commission driven discount. It is available on these commission structures: Initial (plan code 1 Initial SPM or 1 Special Initial SPM) and Hybrid (plan code 1b Hybrid SPM). From the 17th of November 2015 to the 16th of November 2016 it is also available on Level commission. Visit our insurance in super page for more information.

^5/4/3/2/1 discount is available from two commission structures Initial (plan code 1 Special Initial) Hybrid (plan code 1 Special Hybrid).

CASE STUDIES

Danielle's story

Danielle is an accountant. She earns $160,000 per year and is 34 years old. Her adviser recommends a TCPS policy with Life and TPD (any occupation, stepped premium) cover for $1,500,000. She also implements an Income Care Super policy for a monthly benefit of $6,250, 30 day wait to age 65, Indemnity, including Increasing claims option. Danielle uses her Colonial First State FirstChoice superannuation account to fund the TCPS policy's premiums via CommInsure's SPM.

Before the introduction of TCPS rollover discount, Danielle's premium would have been $2,030.03. When the optional discounts, the premium becomes $1,560.82, which is a reduction of $469.21.

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