Things you should know:
This information is general advice only. You should consider your personal circumstances, financial objectives and needs and the relevant product disclosure statement before making a decision to purchase or continue to hold a product. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information. Please view our Financial Services Guide.
The Investment Growth Bond and Lifestream Guaranteed income are all life insurance policies issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). ‘CommInsure’ is used under licence by CMLA. CommInsure Protection products, which consist of death, TPD, trauma and income protection cover, are also life insurance policies issued by CMLA, except for Total Care Plan Super. Total Care Plan Super is a risk only superannuation product issued by Colonial First State Investments Limited ABN 98 002 348 352 AFSL 232468 (Trustee), the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. CMLA is responsible for the administration of Total Care Plan Super and provides insurance benefits to the Trustee as insurer.
A Product Disclosure Statement (PDS) for the CommInsure Protection Products is available by clicking here. A PDS for the Lifestream Guaranteed Income annuity is available by clicking here and the CommInsure Investment Growth Bond PDS is available by clicking here, from your financial planner or by calling 1800 624 100 and should be considered before making any decision about the products.
The offers made in the CommInsure Protection PDS, Lifestream Guaranteed Income annuity PDS and the CommInsure Investment Growth Bond PDS are currently available only to persons receiving the documents within Australia. Applications from outside Australia will not be accepted.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.
CMLA is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
CMLA has entered into a Joint Cooperation Agreement with AIA Australia Limited (AIA) and Commonwealth Bank of Australia (CBA) for the joint operation of the CMLA and AIA businesses. AIA is part of the AIA Group, the largest publicly listed life insurance group in the Asia Pacific region with a presence in 18 markets. Whilst CBA will remain the ultimate shareholder of CMLA, under the terms of the Joint Cooperation Agreement AIA will have an appropriate level of direct management and oversight of the CMLA business.