Frequently Asked Questions
Can my partner be covered?
Yes the online application process makes it easy for you both to apply and you will receive a discount on the total premium on acceptance of both Applications – normally around $ 4.76 per month.
Can my policy be cancelled?
As long as premiums are paid when due the policy will last until the policy anniversary following the expiry age.
What is Ezicover Term?
Ezicover Term pays a lump sum on death or terminal illness where life expectancy is less than 12 months. You can choose the cover you need between $50,000 up to $750,000 depending on your age. Up to age 54 – you can have $750,000 cover or if you are aged between 55 & 59 years you can select cover up to $500,000. Also your cover is renewable each year until the policy anniversary following your 99th birthday as long as your premiums are paid when due.
What is Ezicover Select Term?
Ezicover Select Term pays a lump sum on death or terminal illness where life expectancy is less than 12 months. You can choose the cover you need between $50,000 up to $750,000 depending on your age. Up to age 54 – you can have $750,000 cover or if you are aged between 55 & 59 years you can select cover up to $500,000. You can also choose the term you want the cover for either 5, 10 or 15 years. Your premium remains level and does not increase as you get older.
What is Ezicover Trauma?
Ezicover Trauma pays a lump sum if you suffer one of the specified conditions covered under the policy, ie. Heart Attack, Stroke, Coronary Artery By-Pass Surgery and Malignant Cancer. There is choice of cover from $50,000 to $150,000 and you can apply if aged between 19 & 55 years. The cover ceases on the policy anniversary after your 75th birthday.
What is Ezicover Funeral Plan?
Ezicover Funeral Plan pays a lump sum on death, There are 3 levels of cover available either $5,000, $10,000 or $15,000 and you can apply if aged between 45 and 70 years.
What is Ezicover Income Replacement?
Ezicover Income Replacement pays an income if you are disabled and suffer a loss of income as a direct result. A monthly benefit of between $1,500 and $3,000 is available to people between the ages of 19 & 57 years. In addition premiums are generally tax deductible.
Is there a Cooling Off Period?
Yes. A 30 day cooling off period applies. After you receive your policy document, you can cancel for any reason without penalty.
Who owns the Policy?
The Policy is normally owned by the Life Insured. However you can nominate someone else to be the policy owner (for example, a spouse), or you can be a joint owner (perhaps in the case of a husband and wife). Additionally if you have a self-managed super fund, some polices can be owned by the fund.
Are premiums payable as soon as cover is issued?
No. You receive the first month's premium free on acceptance.
