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Flexible Lifetime Protection® - Death, Total and Permanent Disablement and Trauma Cover

Having a financial safety net in the event of sickness, disability or death can help ensure you and your family are protected during a difficult time. AMP offers three life insurance options that could really make a difference: Death, Total and Permanent Disablement (TPD), and Trauma cover. Select one or all covers independently or buy them through your superannuation plan (excludes Trauma Cover). Please note you must have Death cover to select TPD within superannuation.

With Death, Total and Permanent Disablement (TPD), and Trauma cover you can:

  • Find comfort in knowing your family will receive a lump sum payment to help them financially if you were to die or become terminally ill.
  • Receive financial support if you become seriously disabled, maintain your quality of life and help meet the cost of rehabilitation programs and daily living expenses with TPD insurance.
  • Take the financial pressure off and give yourself time to recover, should you experience one of the 15 traumatic events covered in our trauma plan including cancer, stroke, heart attack and coronary artery surgery. Children's trauma cover can also be selected.

 

Understanding Flexible Lifetime® - Protection Death, Total and Permanent Disablement and Trauma cover

Flexible Lifetime® - Protection Death, Total and Permanent Disablement and Trauma cover offers you a financial safety net in the event of sickness, disability or death to help ensure you and your family are protected. 

You can choose from Death, Total and Permanent Disablement (TPD), and Trauma cover, selecting one, two or all three covers (with a choice of  stand-alone or linked cover). Death and TPD are also available through your AMP superannuation plan.

What are the features?

You can tailor your Flexible Lifetime® - Protection - Income Protection plan to your employee's needs by selecting an Advanced, Standard or Basic plan. Have a look at this summary of features across a choice of three plans.

 
Death
TPD cover
Trauma cover
The basics   
Entry age

 10 to 69

 15 to 59

 15 to 59

Sum Insured

 No limit

Up to $3 million

 Up to $2 million

 Key features   
Funeral benefit: We can advance up to $10,000 of your Death cover amount immediately after death.

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Terminal illness cover: If you are diagnosed as having less than 12 months to live we will pay 100% of your Death cover to help you through this time.

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 Guaranteed future insurability: You can request an increase in cover when your circumstances change (marriage, children, first home, and so on), without the need for any additional information on your health.

Financial planning benefit: We will pay up to $1,500 towards the cost of receiving financial planning advice when a claim is paid.

Additional options         
Increasing your cover with inflation: If you select this feature, we increase your cover annually taking into account the changes in the Consumer Price Index (CPI).

Waiver of premium: If you select this option and you become "totally" disabled we will waive the premiums you pay for your insurance cover.

Business safeguard: You can increase the level of death and TPD cover as your business grows, without providing additional medical information on your health status.

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Children's trauma cover: Provides you with a lump sum benefit, to help support you with the cost of caring for your child. It also includes a Death cover amount.

Select your own occupation: If your work is in a specialised field you may like to insure your inability to work in this specified occupation.

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Trauma cover Premier Buy Back option: This option lets you restore the Death cover amount 12 months after we have paid a Trauma claim, without you needing to provide additional medical information on your health status. This feature is available within Trauma Premier cover at an additional premium.

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Trauma cover Premier Trauma Reinstatement option: This option lets you restore the Trauma benefit amount 12 months after we have paid a Trauma claim, without you needing to provide additional medical information on your health status. This feature is available within Trauma Premier cover at an additional premium.

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Trauma cover Premier Partials Plus option: This option provides you with partial payments on 5 additional trauma conditions.

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This summary of features does not contain all the terms and conditions relating to the cover and benefits described and you should refer to the Flexible Lifetime® - Protection product disclosure statement and the facts document for more details.

Information around costs

Your premium will be determined by your age, gender and level of cover.  Please refer to the product Disclosure Statement for the latest premium tables.