| Insurance
How AXA insurance works
AXA provides five different types of insurance. The table below
explains how each of these can help you cope financially, with
events that can affectyour financial future.
Please note: the following information is a guide only; we recommend
you discuss your needs with your financial adviser.
|
Type of
insurance
|
Insures
against which event?
|
The benefit
|
You might
use the benefit to...
|
|
Life Insurance
|
Death. Life
Insurance can help your dependants cope financially, after
you die.
|
A lump sum
payment
|
pay off the mortgage or any
other debts that may affect your family's financial future
reimburse funeral costs
- reimburse funeral costs
- pay for child care or
home help to aid the remaining spouse
- provide a reserve that
can be used as income should the remaining spouse decide
not to work
|
|
Income Insurance
|
The inability
to work due to
sickness or injury.
It can help you meet your critical
living expenses if you have
to stop work due to sickness
or injury.
|
An income
stream of up
to 75% of
your income
to specified
Period.
|
- pay for food, and other
day-to-day expenses
- pay for rent or home maintenance
costs
- help you meet mortgage
or other debt repayments
- pay for any transport
costs you may have
|
|
Trauma
Recovery
Insurance
|
Traumatic
medical conditions
(including cancer, heart attack,
stroke, coronary by-pass surgery
and angioplasty).
It can help you cope financially
with the effects that a trauma will
have on your life. It can remove
the finandal stress and pay for
changes you may need to make
to your lifestyle.
|
A lump sum
payment
|
- pay for recovery costs
including rehabilitation
- pay for changes to your
lifestyle, for example, refit your home
- enable your partner to
reduce their working hours to look afteryou, or alternatively
to get a carer
- pay off debts
- provide a reserve to use
as an income
|
|
Total and
Permanent Disability Insurance
|
A total and
permanent disability
that stops you from ever
working again.
It can help you cope financially
with a total and permanent
disability.
|
A lump sum
payment
|
- pay for disability related
costs including rehabilitation
- pay for changes to your
lifestyle, for example, refit your home
- enable your partner to
reduce their working hours to look after you, or alternatively
get a carer or pay off debts
- provide an income for
you and your dependants
|
|
Business
Expenses
Insurance
|
The inability
to work due to
sickness or injury.
Business Expenses Insurance
can help your business cope
financially with your inabjlity to
earn the business an income
|
A regular
payment
dunng the
agreed peri
|
- pay for rent electridty,
water, gas
- pay for employees' salaries
(not your replacement)
- make regular business
loan repayments
|
Life Insurance Superrannuation Plan
The Life Insurance Superannuation plan provides you with the
following benefits:
|
Benefit
|
Benefit
description
|
|
Death benefit
|
Provides a benefit
in the event ofyour death. |
|
Terminal illness
benefit
|
Makes an advance
payment of the Death Benefit ifyou are terminally ill and
have less than 12 months to live. |
|
24 hour worldwide
cover
|
You are covered
24 hours a day anywhere in the world. |
|
Indexation
benefit
|
Your benefit automatically
increases with the Consumer Price Index |
|
Upgrade of
benefits
|
Future improvements to your
Life Insurance Superannuation plan may, at the discretion
of the insurer, be passed on to you. |
! For full details, please contact
us.
The Total and Permanent Disability Insurance option - a snapshot
Total and Permanent Disability Insurance option can help you cope
financially with a total and permanent disabih'ty.
Total and Permanent Disability Insurance pays a lump sum, that
you can use to:
1. pay for disability related costs including rehabilitation
" pay for changes to your lifestyle, for example, refit your
home
2. enable your partner to reduce their working hours to look after
you, or alternatively get a carer
3. pay off your mortgage or any other debts you may have
4. provide an income foryou and your dependants
Total and Permanent Disability Insurance benefits
Our Total and Permanent Disability Insurance option provides you
with the following benefits:
Benefit Benefit description
Total and permanent Provides a benefit if you become totally and
permanently disabled
disability
The issuers ofthe above products are N.M. Superannuation Pty Ltd
and The National Mutual Life Association of Australasia Ltd (AXA).
The Product Disclosure Statements for these products are contained
in this booklet. Persons should consider these PDSs in deciding
whether to acquire the products.
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