The Forward Underwriting Benefit can allow you to use your current state of good health to secure the option to buy cover in the future with no further medical examinations or questionnaires required, protecting against possible health changes down the track. 

Benefits include:

• Life Cover benefit;

• Permanent Disablement benefit (TPD); and

• Crisis Recovery benefit (Trauma).

 You can select and purchase any amount between $100,000 and $10 million of Forward Underwriting Cover.  This limit is restricted to standard policy conditions and some benefits are subject to maximum amounts.

 You are eligible to exercise the option to buy new cover without further medicals when a trigger event occurs. This could be what is known as a ‘business’, ‘personal’ or ‘other’ event and is limited to an amount of up to 50% for business events and up to 25% for personal events. Full details are outlined in the PDS.

 Examples of a ‘business event’?

• Starting a new business.

• Increasing his/her personal liability for business debts.

• Shareholding/value in the business/value to the business increases.

Examples of a ‘personal event’?

• Marriage.

• Permanent separation.

• Mortgage.

• New child.

• Child dependant’s education costs.

• Child born with Spina Bifida.

• Child born with Cerebral Palsy.

What is an ‘other event’?

• Every third benefit anniversary.

 This benefit option suits anyone who is looking ahead to lifestyle goals which usually means an increased need for Life, Disability and Crisis Recovery Insurance over time. The Forward Underwriting Option makes buying or increasing future cover more efficient, offering you and your family a further level of protection as your needs evolve.

 To find out more about the Forward Underwriting benefit and how it can benefit you, contact us today on (07) 3806 5222.  You can depend on us to provide you with the service you need, when you need it.