For those who have dependants or financial commitments, OnePath Life Cover some financial assistance to your family and make sure your debts are taken care of in the event of your death before retirement age. Often not included with superannuation packaging, Life Cover can provide peace of mind for people who want to leave something behind for their beneficiaries.
With a number of awards for its core life insurance policy, OnePath’s Life Cover is one of Australia’s most popular life insurance benefits with over $634 million in claims for 2012 alone.
What does Life Cover cover me for?
OnePath Life Cover can help you with:
- Loss of income to help your family with ongoing financial support needed to maintain their lifestyle. This can help ensure the education and health of your family doesn’t change in the event of your death.
- Reducing debt with a lump sum paid to your family, should you choose to obtain your policy as a lump sum rather than monthly installments.
- Deal with grief through their Grief Care Program, should you and your family need psychological assistance in the event of your terminal illness or death.
- Terminal illness with less than 12 months to live.
What types of cover can I choose from?
Life Cover also offers the flexibility to choose a lump sum payout for the policy benefit, or monthly installments should this suit your family better.
As with many of OnePath’s insurance policies, Life Cover is eligible for OnePath’s Premium Discounts to help you save. There are three different types of discounts:
- Size discount – Save on your policy when your insured amount of cover reaches the Premium Discount zone.
- Multiple cover discount – More like a loyalty program, OnePath lets you save when you package a combination of OnePath policies together
- Multiple life discount – Link your policy when an eligible family member or business partner who also have a OnePath insurance policy and you can save.
Want to compare this policy with others? You can compare OnePath’s premiums with other policy providers through our free quote service.
© 2012 Wealth Smart Life Insurance