You can choose the Easy Life Insurance Benefit Amount that you think your family will need – from $15,000 up to $350,000.
Plus, with Easy Life Insurance you can be covered for even more by adding our optional extras to your cover – choose to add Accident Cover or Children’s Cover or both.
Easy Life Insurance is so easy to arrange. There is no need for you to complete a medical, have a blood test or even go through lengthy underwriting questions.
Provided you are an Australian resident aged 18 – 65 your policy acceptance is guaranteed, and your cover can be arranged quickly and easily over the phone, in a single call.
Yes, with Easy Life Insurance, you can have the option to protect your partner under your Policy too. You can apply for a Single Policy or Joint Policy which includes your partner too. A maximum of two lives can be insured under the one Easy Life Insurance Policy.
With Let’s Insure Easy Life Insurance, your nominated beneficiaries could receive your chosen Benefit as a lump sum payment if the Life Insured passes away or is diagnosed with a Terminal Illness. See the PDS for more information.
Like similar life insurance policies, there are some exclusions with this cover, and it is important to understand what you are covered for.
During the first 5 years of your Policy, we will not pay an Easy Life Insurance Benefit Amount for a Life Insured, if the Life Insured dies, or has a Terminal Illness, directly or indirectly as a result of:
We will not pay an Easy Life Insurance Benefit Amount at any time, if the claim is directly or indirectly as a result of:
Please refer to the PDS for more details and a full list of exclusions.
A Pre-Existing Medical Condition means a sickness, injury or disability, which during the Relevant Period:
Without in any way limiting the wording above, claims resulting from the Life Insured suffering a stroke, brain haemorrhage, heart attack or coronary heart disease will be deemed to be a Pre-Existing Medical Condition where, during the Relevant Period:
With Easy Life Insurance, you will automatically receive a full Cash Payout at age 85. This means that you will receive 100% of your Easy Life Insurance Benefit Amount when the Life Insured turns 85, rather than on death, so if for example you have selected a $300,000 Easy Life Insurance Benefit, you will receive this amount in full, plus any Automatic Sum Insured increases, when you turn 85.
You can choose to add Accident Cover to your Easy Life Insurance Policy. You simply choose your Benefit Amount – from $15,000 up to $335,000 and this amount is paid to your family as a lump sum in the event of your Accidental Death or Accidental Serious Injury. This lump sum benefit is in addition to the Easy Life Insurance Benefit Amount. The combined Easy Life Insurance and Accident Cover Benefit Amount cannot exceed $350,000.
Accident Cover is an optional cover, which can be taken out with Easy Life Insurance. If you apply for Accident Cover and we accept your application, it will be shown on your Policy Schedule.
You can also choose to add Children’s Cover to your Easy Life Insurance Policy. Children’s Cover provides a lump sum payment up to $50,000 if an Insured Child suffers an Accidental Death or one of the following Child Trauma events:
Children’s Cover is an optional cover, which can be taken out with Easy Life Insurance. If you apply for Children’s Cover and we accept your application, it will be shown on your Policy Schedule.
To make your cover as easy as possible to manage, and easy to budget, you can choose to pay your premiums weekly, fortnightly, monthly or yearly. You can also select which day in the month you would like your premiums to be deducted from your nominated credit card or bank or credit union account.
You can change your nominated account or preferred billing frequency at any time by calling us on 1300 355 355
To help you maintain the real value of your insurance, your Benefit Amount will be automatically increased by 5% on each Policy Anniversary. A new Policy Schedule will be issued before your Policy Anniversary showing your new Benefit Amounts and premium. You can choose not to accept an Automatic Sum Insured Increase if you prefer.
With Let’s Insure Easy Life Insurance, your premiums will increase each year to reflect your age. They may also increase with our Automatic Sum Insured Increases, designed to help protect the Benefit Amount value against inflation or if major rate changes have been made to this type of policy.
Your Easy Life Insurance premiums are calculated at your First Premium Payment Date and on each Policy Anniversary based on the benefits and Benefit Amounts chosen, the age of each Life Insured, the gender of each Life Insured and the smoker status of each Life Insured.
Generally, premiums increase each year as your age increases. Your premium will be determined each year at your Policy Anniversary to reflect your age plus the 5% increase in your benefit level (to assist you in maintaining the real value of your insurance), unless you decline the Automatic Sum Insured Increase.
Like many insurance policies, premium rates under all options are not guaranteed. We may change the amount we charge for your cover under this policy, but only if we change the premium rate applying to all Let’s Insure Easy Life Insurance policy owners (or all Let’s Insure Easy Life Insurance policy owners in the same group). If we make a change to your premium rate we will send you written notice at least 30 days prior to the effective date of the change, and that change will only be effective from the next anniversary date of your Policy.