Money-Back Term Plan
Money-back Term is a 10 year policy with the sum insured being payable if death occurs during the 10 year term. A full refund of premium is paid at the end of 10 years.
At a glance:
- Guaranteed 100% premium refund at the end of the 10 year policy
- Partial premium refund after 5 years
- Terminal Illness
- Lump sum payment
- Conversion option
This benefit provides:
- A lump sum benefit on the death of the life insured prior to the expiry date of the benefit
- A lump sum payable on the diagnosis of a terminal illness
- A guaranteed partial premium refund payable after 5 years
- A guaranteed premium refund at the end of the 10 year term
- Premium reductions for sums insured greater than $500,000
- Level premiums only
- Discounted premium rates for non-smokers and professional occupations
- Complimentary interim accidental death cover up to $500,000
Entry Age - 11 years to 70 years next birthday
Expiry Date - Premiums and cover cease at the 10 th anniversary of the commencement date of the benefit
Maximum sum insured - None
Minimum Premium - $250 per annum per policy including the premium for all benefits chosen, the policy fee, any premium frequency charge and any stamp duty.
Important Note: This is a general representation of the product and is to be used as a guide only. For more detailed information on the product and for specific definitions and categories please refer to the product PDS.
Quick Menu
Do you have quality
life insurance cover?
Call us today for a free quotation
& comparison with your current policy