Personal Insurance :: Accelerated Protection
Life insurance. You don't want to contemplate that you will ever really need it, let alone discuss it. Think about it as an investment in the same way that you protect your home and car. TOWER's Accelerated Protection is protection for your lifestyle and your independence that is usually approved within three working days!
You have the flexibility of choosing the lifestyle insurance to suit the stage you are at - it might be mortgage repayments, a new baby, marriage or older children and their school fees, to think of a few. It might even be a combination of all four!
| Is this you? | How we can protect you |
| A Young single with no dependents, short-term debt and starting a career? We can provide cover to protect your income and independence. | Income Protection Life Insurance Critical Illness TPD |
| A Young couple with a career, mortgage or long-term debt? We can provide cover to protect your income and home. | Income Protection Life Insurance Critical Illness TPD |
| A Young family with a career, mortgage or long-term debt and dependent children? We can provide cover to protect your family, lifestyle, ability to pay bills and cover debts. | Income Protection Life Insurance Critical Illness TPD |
| An Established family with a career, the need to reduce your mortgage, plan for retirement and increase your assets? We can provide cover to protect your lifestyle that you have worked so hard to build. | Income Protection Life Insurance Critical Illness TPD |
| An Empty nester with assets, investments and low or no debt? We can provide cover to protect your lifestyle and wealth. | Income Protection Life Insurance Critical Illness TPD |
| A Mature single with a career, mortgage or long-term debt? We can provide cover to protect your lifestyle, ability to pay bills and cover debts. | Income Protection Life Insurance Critical Illness TPD |
| A Business owner? We can provide cover to protect the business you have worked so hard to build. | Income Protection Life Insurance Critical Illness TPD |
Outlined below is a brief overview of the types of cover available through Accelerated Protection. Your financial adviser can help you choose the cover that best suits you. They have the in-depth knowledge to guide you plus they know all the insurance and estate planning strategies that can help you structure a plan that is right for your circumstances. They can also guide you as to whether your cover is tax deductible and consider other important factors.
Click below for more information about:
- Applying for Accelerated Protection
- Accelerated Protection - Life Insurance Plan
- Accelerated Protection - Critical Illness Insurance Plan
- Accelerated Protection - Total & Permanent Disability Insurance Plan
- Accelerated Protection - Income Protection Plan
- Accelerated Protection - Business Expense Insurance Plan
Applying for Accelerated Protection
Accelerated Protection is an award winning life insurance product backed by a fast and hassle free application process which generally results in approvals within days.
We understand that you don't want to be hassled with the usual life insurance application processes. Blood tests and medical exams may mean you have to wait weeks, even months to receive a decision on your insurance. No-one likes to attend medical appointments even if it's to cover the most important asset you have - your life. That's why we created Accelerated Protection.
So what's so unique about our process?
No lengthy forms
Once you have answered questions about your medical and family history and pastimes, your adviser will submit your application either on paper or online immediately. It's as simple as that, no lengthy forms means less time spent waiting.
No mandatory medical reports
In most cases, there is no need for mandatory medical reports. After your application has been submitted and based on the answers you've supplied, you will be given an immediate decision on your cover, where possible.
Fast decisions
The decision you receive could be an immediate acceptance, meaning you're covered automatically! If your application is not automatically accepted, your case will be referred to our underwriting team who may contact you by phone to gain more information before they make a decision about your cover. With Accelerated Protection there's no need for you to sit around and wait for news on your insurance.
Life Insurance Plan
Life Insurance cover pays a lump sum in the event of death or diagnosis of a terminal illness. It is for anyone with a mortgage, other debts, financial dependents or a business. It helps to pay off any debts and can be invested to provide for family and loved ones.
Life Insurance:
- Is available through TOWER superannuation
- You can have Critical Illness and/or Total and Permanent Disability insurance as benefits as part of your Life Insurance Plan
- You can have Critical Illness and/or Total and Permanent Disability insurance as separate insurance plans and linked to the Critical Illness Insurance.
Critical Illness Insurance Plan
Critical Illness Insurance cover pays a lump sum on diagnosis of one of 37 specific medical conditions such as cancer, heart attack and stroke. It is for anyone who would face financial hardship if they were to suffer a critical illness.
We offer two levels of Critical Illness insurance:
- Critical Illness Insurance Plan Premier pays a lump sum for a specified medical condition with our full suite of added benefits. Our Premier cover provides early payment for additional conditions including lower grade cancers.
- Critical Illness Insurance Plan Standard pays a lump sum for a specified medical condition with some added benefits.
With Critical Illness, you can have Life Insurance and/or Total and Permanent Disability insurance as separate insurance plans and linked to the Critical Illness Insurance.
Total and Permanent Disability Plan
Total and Permanent Disability (TPD) Insurance cover pays a lump sum if you are seriously disabled, and can't work again. It is for anyone with a mortgage, other debts, financial dependents or a business. The payment can be used to cover debts, medical and home modification expenses and the costs of living.
Total and Permanent Disability can be linked to Life insurance as a Plan.
Income Protection Plan
Income Protection pays a replacement income if you can't work because you are sick or injured. It is for anyone who relies on an income to meet living expenses.We offer three levels of cover:
- Income Protection Premier pays a monthly benefit of up to 75% of your income with our full suite of added benefits.
- Income Protection Standard pays a monthly benefit of up to 75% of your income with some added benefits. Income Protection Plan Standard is available through TOWER Superannuation.
- Income Protection Optimal pays a monthly benefit for a specified timeframe depending on the cause of disability.
Business Expense Insurance Plan
Business Expense Insurance covers you with a monthly benefit to reimburse your business expenses while you're disabled.
Resources
Need Help?
For more information about the Accelerated Protection, contact TOWER.
