For more information on Zurich Wealth Protection you can view the PDS below or contact your Business Development Manager
Insurance that puts your client’s needs first
Every client is different, with their own individual needs, aspirations and goals in life. Zurich Wealth Protection allows you to select a combination of traditional life insurances and ownership structures that puts your client’s needs first.
We are committed to delivering on the promise we make to your clients, and that is, to be there when they need us most. With access to specialist underwriters and a team of dedicated claims professionals and rehabilitation services, Zurich Wealth Protection can give you confidence in the cover you recommend.
Zurich Wealth Protection PDS
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The following covers are available:
Lump sum payment policies
Protection Plus
Death cover
Death cover provides a lump sum payment if the life insured dies or is diagnosed with a terminal illness.
Benefits*
Minimum
$50,000
Maximum
Subject to individual assessment.
Some of the key features*
Offers accidental injury benefit which is an advance payment of part or all of the Death benefit if the life insured suffers a specified accidental injury.
TPD
Total and permanent disablement (TPD) cover provides a lump sum payment if the life insured suffers total and permanent disablement in accordance with the TPD definition provided by the life insured’s policy. It can also provide partial payments at earlier stages of disablement and for less severe conditions via the Partial impairment benefit, if Platinum TPD is selected.
Benefits*
Minimum
$50,000
Maximum
$5 million for any combination of own, any or modified definitions1
$2 million for domestic duties definition
Some of the key features*
100% payment for 4 out of 6 functional impairments.
Payable if, due to sickness or injury, the life insured suffers functional impairment of at least four extended Activities of Daily Living – these include; Self care, Communication, Physical activity, Sensory function, Hand function and Advanced functions
Will pay TPD claims 15 days after the waiting period.
Continuous Care option
Pays a lump sum if the life insured needs to pay for carer costs from a professional or needs a family member to care for them full time.
Trauma cover
Trauma cover provides a payment if the life insured suffers one of the 42 specific trauma conditions which is covered by the policy and meets our specific definition of that condition. It can also provide partial payments for some earlier stage defined conditions, if Trauma plus is selected.
Benefits*
Minimum
$50,000
Maximum
$2 million
$1 million domestic duties
Some of the key features*
Partial advance payment of 20% of the sum insured, up to $100,000 on diagnosis/occurrence of 13 conditions (Trauma Plus)
Paralysis booster benefit
Funeral Benefit
Child cover
Child cover provides a lump sum payment if the insured child suffers a trauma condition which is covered by the policy and meets our specific definition of that condition. It also includes a death and terminal illness benefit as well as a carer benefit.
Benefits*
Minimum
$10,000
Maximum
Maximum applies to all child trauma cover combined across all insurers
Death & terminal illness benefit is capped at $200,000
Some of the key features*
Covers from ages 2yrs-18yrs
Will pay a monthly carer benefit of $5,000 if the policy owner or the policy owner’s partner stops full-time paid work to care for an insured child at home (unless a trauma benefit is payable).
Additional features include; trauma benefit, injury advancement benefit, carer benefit, death & terminal illness benefit, inflation protection, cover increase feature, continuation of cover
Monthly payment policies
Income Protection (Zurich Income Safeguard)
Income Protection pays a monthly benefit if your client can’t work for a period of time due to an illness or injury, to support their recovery until they can work again.
Find out more about Zurich Income Safeguard.
Benefits*
Minimum
$1,500 per month
Maximum
$30,000 per month, plus an additional $30,000 per month restricted to a one or two year benefit period Restricted to $10,000 per month for SR occupations
Some of the key features*
Will replace up to 70% of income replacement for the entire benefit period (including to age 65) when totally disabled
Rehabilitation and retraining expenses benefit for duration of claim
Business Expenses Cover
Business expenses cover provides a monthly benefit that reimburses either allowable business expenses or key person replacement costs if the life insured is disabled for longer than the specified waiting period.
Benefits*
Minimum
$1,000 per month
Maximum
$60,000 per month
Restricted to $10,000 per month for SR occupations
Some of the key features*
All policies have a benefit period of 1-year. In practice this is 12-times the insured monthly benefit payable over a period of up to 24-months
*A full explanation of all benefits and features is included in our PDS.
1. TPD cover maximum reduces to $3 million on the policy anniversary when the life insured is 65.