Flexible Lifetime® Protection - Income Protection
How long would you be able to sustain your lifestyle and pay your bills if you didn't have a regular income? Flexible Lifetime - Protection Income Protection gives you peace of mind that you will receive a monthly benefit if you are injured or too sick to work.
Receive a monthly benefit of up to 75% of your regular income.
Tailor the plan to your needs by selecting between three levels of cover: Advanced, Standard or Basic.
Choose from the following to suit your situation:
- Level of cover - this is agreed value or indemnity. Agreed value is the amount we insure you for, whereas indemnity cover is based on your income in the 12 months prior to having to make a claim (up to a maximum amount). Indemnity cover is cheaper than agreed value cover.
- Type of cover - Advanced, Standard and Basic
- Benefit period - you can choose how long we will pay your claim for - 1, 2, 5 years or until you are aged 60 or 65
- Waiting period - you can choose to wait from 2 to 104 weeks until we start paying a claim
- Payment option - flexible payment options are available.
For the right financial advice contact a Bendigo Financial planner.
What are the features?
You can tailor your Flexible Lifetime - Protection Income Protection plan to your needs by selecting an Advanced, Standard or Basic plan.
Have a look at this summary of features across your choice of three plans.
| Benefits and features |
Advanced |
Standard |
Basic |
Total and Partial disability benefits
Get paid when you are not working, or if you return to work but earn less |
Yes |
Yes |
Yes |
Guaranteed future insurability feature
Makes it easy to increase your cover if your income increases you can increase your monthly benefit without providing us any medical information |
Yes |
Yes |
Yes |
Rehabilitation costs feature
To support you in your recovery, money is available to help with the rehabilitation costs such as wheelchairs, home and car modifications and rehabilitation program fees |
Yes |
Yes |
Yes |
Rehabilitation bonus
This bonus helps you further when you participate in an approved rehabilitation program |
Yes |
Yes |
Yes |
Automatic increases to your cover amount
To ensure your cover remains in line with inflation, we automatically increase your cover by the Consumer Price Index (CPI). If you select the Advanced plan we also continue to increase your cover whilst you are making a claim. |
Yes |
Yes |
Yes |
Worldwide cover
Flexible Lifetime – Protection offers 24 hour, worldwide cover |
Yes |
Yes |
Yes |
Major fracture or loss feature
If you suffer a certain injury or fracture you will receive your monthly benefit for a set period – regardless of whether or not you return to work |
Yes |
No |
No |
Trauma feature
We cover 22 trauma conditions, if you suffer any of these you will receive your monthly benefit for 6 months – regardless of whether or not you return to work |
Yes |
No |
No |
Bedcare feature
Some assistance with expenses when you’re bedridden and under nursing care is provided |
Yes |
No |
No |
Domestic and overseas transport benefit
Assistance with domestic or overseas transport expenses is provided if you become ill or injured and are far from home |
Yes |
Yes
(overseas only) |
Yes
(overseas only) |
Accommodation and Family support benefit
Some assistance with accommodation expenses for immediate family who travel to be with you is provided or for family nursing care |
Yes |
No |
No |
Death feature
An additional payment if you die while we are paying you a benefit |
Yes |
Yes |
No |
| Options you can choose |
Advanced |
Standard |
Basic |
Superannuation contribution option
To ensure you are still planning for your future, you can elect to have an additional 12% of your monthly benefit paid directly into your super fund when you are making a claim |
Yes |
Yes |
Yes |
Automatic increases to your cover when on claim
This option is automatically included with Advanced cover If you choose a Standard or Basic plan you can choose to have the monthly benefit increase with inflation when you are on claim |
Yes |
Yes |
Yes |
Day 1 Accident option
Taking out this option allows you to claim payments to start from the first day after your accident, rather than the end of the waiting period you selected. This means you can get money earlier |
Yes |
Yes |
No |
For full product details please refer to the Product Disclosure Statement.
® Registered trade mark of AMP Life Limited ABN 84 079 300 379. Before making any decision to act or rely on any information above you should consider the appropriateness of the information with regard to your particular objectives, financial situation and need. You should consider the relevant product disclosure statement, available by calling 131 267 or visiting www.amp.com.au before making a decision about insurance cover. Flexible Lifetime – Protection is issued by ABN 84 079 300 379 AFSL No. 233671. |
|
