Smart Term Insurance protects your loved ones if something happens to you. The policy pays up to $500,000 upon death or diagnosis of a terminal illness, with $10,000 paid early to cover funeral expenses. The benefit is doubled if death results from an accident, with up to $1,000,000 paid on the highest level of cover. Click here to view the PDS & FSG
Smart Term Insurance is issued by HCF Life Insurance Company Pty Limited (ABN 37 001 831 250, AFSL 236 806). Before you apply, you should read the Product Disclosure Statement and Financial Services Guide and consider if this cover is appropriate for your objectives, financial situation or needs, as the information we have provided does not take these into account. The premiums for the life insurance products are paid to HCF Life. HCF receives commission from HCF Life for their sale of 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 receive an incentive depending on the annual premium of these products which they sell. This will not exceed 20% of the first year's premium.
The death of the main income earner can have a devastating effect on a family's finances. Smart Term Insurance relieves financial pressure by paying up to $500,000 upon death or diagnosis of a terminal illness. The benefit is doubled if the death results from an accident, with up to $1,000,000 payable on the highest level of cover.
Early payment of $10,000 will be made for accidental death during the first 3 years of cover and thereafter on death from all causes. This can help cover some of the short term costs associated with organising a funeral.