APPLICATION OUTCOME
LIFE PROTECT INSURANCE
Thanks for your application .
Unfortunately, we’re unable to offer Life Protect Insurance based on the information you provided about your:
The HCF Life Protect Insurance product has been designed with a simplified data collection and underwriting process. Therefore, as one or more risk factors are outside HCF Life’s underwriting risk limits, we are unable to offer the insurance you requested. This does not necessarily preclude you from obtaining life insurance via a fully underwritten product. You might like to speak to a financial adviser to explore other options via a fully underwritten life insurance product.
Exit ApplicationFor any questions relating to the application, the decision we have provided or for more information call us on 1800 560 855 (Mon to Fri 8am-8pm, Sat 9am-5pm AEST/AEDT) and quote your reference number .
RECOVER COVER
A unique range of recovery and life insurance products to help with the costs that come with recovery. Some of our Recover Cover products do not cover pre-existing conditions which means you won’t be covered for any condition or illness where the signs, symptoms or treatment of which existed within 5 years prior to the Cover Commencement Date, even if a diagnosis has not been made. When considering these products, we encourage you to think about your personal circumstances and obtain financial advice.
Important information
Please read the relevant PDS, Policy Document and Financial Services Guide available by calling 1800 560 855 or visiting www.hcf.com.au/lifeinfo, and consider your financial situation, objectives, and needs before deciding on these products as any advice provided does not take these into account. In addition to these documents, you should also read the Target Market Determination (TMD) for the product, which is available at hcf.com.au/lifeinfo. Life Protect Insurance is issued by our own HCF Life Insurance Company Pty Ltd. ABN 37 001 831 250, AFSL 236 806 (HCF Life). HCF Life is a wholly owned subsidiary of The Hospitals Contribution Fund of Australia Limited ABN 68 000 026 746, AFSL 241 414 (HCF). The premiums for Life Protect Insurance are paid to HCF Life. HCF receives commission from HCF Life for their sale of up to 40% of the first year's premium plus an additional commission of 80% of HCF Life's underwriting profit each year calculated as premiums less claims and expenses. HCF's staff may receive an incentive depending on the annual premium of these products which they sell. This will not exceed 15% of the first year's premium.
LIFE INSURANCE CODE OF PRACTICE
HCF Life is bound by the Life Insurance Code of Practice which sets out the Australian life insurance industry’s key commitments and obligations to customers. Further information is available at fsc.org.au.