Life Insurance
Group Risk :: Why Group Risk?
Insurance can form an essential part of the overall competitive advantage offered by employers, and at TOWER we believe our range of Group Risk insurance benefits provide the edge needed in this competitive marketplace.
| Product Name | Benefit Options |
|---|---|
| Group Life* | Death Cover |
| Death + Total and Permanent Disablement Cover | |
| Group Salary Continuance | Group Salary Continuance - Standard |
| Group Salary Continuance - Executive |
* Cover offered outside or inside Superannuation via our Risk Only Superannuation Plan (ROSP)
Automatic Acceptance Levels are offered to funds with more than forty (40) members, and where a minimum of 75% of eligible members agree to join.
A clear and non-discretionary eligibility rule and benefit design must be present and the Eligible or Insured Person must be At Work and actively performing all of their usual duties on the day they became eligible for cover.
TOWER’s Group Risk benefits include:
| Group Life | Group Income Protection | |
|---|---|---|
| 24 Hour Worldwide Cover |  |
|
| 3 Year Premium Rate Guarantee* | |
|
| Automatic Acceptance Levels | |
|
| Continuation Option | (Death only) |
|
| Employment Overseas Cover* | |
|
| Forward Underwriting Limit | |
|
| Guarantee Renewability | |
|
| Interim Accident Cover | |
|
| Leave Without pay For Up To 1 Year* | |
|
| Simplified Administration | |
|
| Takeover Terms | |
|
| Wholesale Premium Rates | |
|
* Subject to special terms & conditions
Info for Advisers
Need Help?
Speak to our qualified personnel to help you with your Group Risk enquiries.
Call us on 1800 221 142 or email us today.
