Lifestyle Protection
Protectingyour lifestyle
A lot can happen over your lifetimeFinancial hardship can happen to anyone
It’s safe to assume that our standard of living, health and family are important to us. However, there are certain events, such as serious illness or injury, which can put your home, lifestyle and future plans at risk.
What’s your back up plan?
If you haven’t got a clear plan, you’re not alone. People don’t even like to think about it – even though they need to.
145470
Diagnosed with cancer
532393
Hospitalised due to injury
60952
Heart attack
37992
Stroke
*Estimated number of cases in Australia per year
My Protection PlanProtects You
Covering yourself is easy with My Protection Plan. Best thing is – the benefits are all paid to you or your estate.
My Protection Plan gives you protection for a wide range of critical life events across four areas:
Pays a benefit on diagnoses of a listed medical condition – listed below.
Benefit can be used for any purpose.
- Neurological Conditions
- Alzheimer’s disease – dementia (diagnosis)
- stroke (of specified severity)*
- multiple sclerosis (with impairment level)
- Cancers and Tumours Conditions
- benign tumour in the brain or spinal cord (with neurological deficit)*
- cancer (excluding early stage cancers)*
- carcinoma in situ of the breast (of specified severity)*
- chronic lymphocytic leukemia (of specified severity)*
- melanoma (of specified severity)*
- prostate cancer (of specified severity)*
- Heart Conditions
- cardiac arrest (out of hospital)*
- cardiomyopathy (with significant permanent impairment)*
- coronary artery bypass surgery*
- heart attack (of specified severity)*
- aortic surgery*
- Other Serious Conditions
- chronic kidney failure (end stage)
- severe burns (of specified extent)
- loss of independent existence
- Trauma Benefits will not be payable where the condition does not meet the policy definition.
If the condition has an asterisk, (*) a 90 day qualifying period applies. This means that if the condition first occurs, becomes reasonably apparent or is first diagnosed in the 90 days after:
- the policy start date, the benefit will not be payable.
- a benefit increase, the increase in benefits will not be payable.
Spare your family financial hardship. Pays a benefit if you die or are diagnosed with a terminal illness (min. $100,000 and max. $1,000,000).
Benefit payments can be used for any purpose – paid to joint owner, estate or nominated beneficiaries.
This benefit provides a Funeral Advancement payment – a $10,000 advancement of the Death Benefit. These funds can be used to help with urgent expenses while a claim is being assessed. (payment of the Funeral Advancement does not mean that the claim will be accepted).
Financial assistance while you’re on the mend. Pays a benefit (maximum $7,500) if you suffer a fracture of your:
- Skull (excluding bones of the face or nose)
- Jaw
- Collar bone
- Shoulder blade
- Upper arm (between the elbow and shoulder)
- Forearm (including wrist but excluding elbow or hand)
- Pelvis
- Thigh
- Kneecap
- Leg (between the knee and foot)
A $10,000 advancement of the Death Benefit.
"A medical doctor can a repair a man physically, but only insurers can repair a patient’s finances"Dr Marius Barnard
At The Broker Team, your broker’s services extend beyond just helping you find the right loan. We’ll also help you understand the risks of borrowing – whether you’re buying or refinancing.
My Protection Plan is a product we offer that can assist with managing these risks. You should, however, read the Product Disclosure Statement (PDS) and consider whether this product meets your needs (available at www.aligroup.com.au).
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*Premium rates are not guaranteed. Current as at 5th April 2021. To see how your premium is calculated, click here.
