Essential Cover

CommInsure

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Essential Cover is accident only income protection which is available within CommInsure’s Income Care, Income Care Super (within Total Care Plan Super) and SMSF Plan. These policies provide up to 75% of income in the event of an accident and are indemnity contracts. 

This option can provide cover, even if your client has previously been declined income protection due to medical reasons. The cover could give your client a fall back plan if they can’t get standard income protection. It may also offer an effective option to suit tight budgets. 

Essential cover features and benefits

  • Indemnity contract that will cover up to 75% of income in the event of an accident
  • Stepped premium types:
    • Minimum entry age 17
    • Maximum entry age 60
  • Level premium rate types:
    • Minimum entry age 17
    • Maximum entry age 54
  • Choice of 14 days or 1, 2, 3, or 6 months or 1 or 2 years waiting period
  • Choice of cover which expires on the policy anniversary before the life insured’s:
    • 60th birthday
    • 65th birthday.

 

We only pay a benefit if it becomes payable as a result of an ‘accident’ as defined below:

‘A bodily injury occurring while this policy is in force and which is caused solely and directly by violent, accidental, external and visible means, independent of any other cause.’

 

 

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