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MetLife Australia

MetLife Australia (parent company MetLife, Inc.) is a leading provider of life insurance, partnering with employers, super funds and financial advisers to help Australians protect the lifestyle they love—and providing help when they need it most.

Backed by over 150 years of history and a strong global presence, MetLife Australia has the scale and experience to be a valued and trusted partner.

MetLife protects customers in over 40 countries worldwide and leads the market in corporate insurance solutions in the US, Latin America, Asia, Europe, and the Middle East.

More than 90 million people around the world have put their trust in MetLife, Inc. to protect what matters most—their families, their finances, and their future. MetLife, Inc. serves 90 of the top 100 Fortune 500 companies in the United States.

MetLife Protect and MetLife Protect Super
We've made it easier for you to protect what matters most as your life changes, by providing building blocks of flexible cover.

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Information on this page was last updated on 01/04/2020 and is subject to change by the product issuer. While Choosi makes best endeavours to ensure the accuracy of this information, we recommend that you always consider the most up-to-date information on a product you are interested in, which will be available on each brand’s own website.
 

Life Cover

  • MetLife offers an optional Specified Events Benefit under Life Cover, which is available to most white and blue collar occupations.
  • Cover available from $50,000.
  • Other features include:
    • Death Benefit
    • Terminal Illness Benefit – advance payment where illness is likely to result in your death within 24 months
    • Immediate Expenses Benefit – advanced payment of $30,000
    • Involuntary Unemployment Premium Waiver Benefit – lump-sum premiums waived if you lose your job due to Involuntary Unemployment (up to 3 months a year and 6 months total)
    • Life Events Increases Feature – ability to increase cover without medical underwriting under certain circumstances
    • Indexation – cover increases every year without health assessment
  • Optional Extras^:
    • Home Loan Extras (Specified Events) – provides a benefit payment if you suffer from a Specified Event
    • Buy/Sell Extras – provides enhanced benefits to support your business succession plan

^ Optional Extras Cover expires when the Life Insured turns 65


Total & Permanent Disability (TPD) Cover

  • MetLife allows the Linked TPD Cover Amount to be higher than the Life Cover Amount. The consideration being that the cost of living with a TPD requires a higher Cover Amount than death.
  • Cover from $50,000 up to $5,000,000 depending on age.
  • Other features include:
    • Any Occupation Benefit1 – payable if you suffer total and permanent disablement due to an Illness or Injury
    • Limited Earnings Benefit1 – payable if your earnings are unlikely to ever exceed 25% of your pre-disability earnings while retaining a limited capacity for work
    • Home Duties Benefit1 – payable if you’re permanently unable to do all of the Home Duties without another person’s help
    • General Disability Benefit1 – payable if you’re permanent unable to do two or more of the Activities of Daily Living without another person’s help
    • Physical Disability Benefit – payable if you suffer Loss of Limb – single limb or Blindness – partial loss solely due to Illness or Injury
    • Death Benefit – provides a $10,000 benefit if you pass away during the term of your Standalone TPD Cover
    • Life Events Extras Feature – ability to add Extras Cover without medical underwriting under certain circumstances
    • Life Events Increases Feature – ability to increase cover without medical underwriting under certain circumstances
    • Indexation – cover increases every year without health assessment
  • Optional Extras:
    • Employment Extras (Life Cover Buy Back) – includes a Life Cover Buy Back Option (TPD)
    • Specialist Extras (Own Occupation) – Own Occupation TPD definition
    • Business Extras – Own Business TPD definition and Life Cover Buy Back Option (TPD)

TPD Cover expires when the Life Insured turns 75.
1. Only one of these Benefits will be payable under your Policy.


Trauma Cover

  • Our Trauma Cover Reinstatement Option ensures continuous cover after multiple benefit payments—up to six times the Trauma amount for multiple claims across each Trauma Category for the life of the policy.
  • Cover from $30,000 up to $2,000,000 depending on age.
  • Other benefits include:
    • Medical Travel Expenses Benefit – reimbursement of travel expenses for hospital treatment within Australia (up to $5,000 for the life of the policy)
    • Life Events Extras Feature – ability to add Extras Cover without medical underwriting under certain circumstances
    • Indexation – cover increases every year without health assessment
  • Optional Extras:
    • Life Cover Buy Back Option (Trauma)
    • Trauma Cover Reinstatement Option
    • Individual Extras – Booster Benefit and Repeat Angioplasty Benefit. When taken with the Trauma Cover Reinstatement Option, provides additional cover for related and unrelated cancers, as well as related heart conditions
    • Family Extras – Child Trauma Benefit and reimbursement of travel and/or accommodation expenses

Trauma Cover expires when the Life Insured turns 70.


General

The following features are also available as part of your cover or to tailor your cover further:
  • 5 and 10-year Fixed Term Option premium types, with Life and TPD premiums guaranteed for the length of the term
  • True Level premium types (up to age 65 and up to age 70)
  • Ability to pay premiums fortnightly
  • Generous entry ages
  • 30-day cooling off period
  • Complimentary interim cover at no extra cost
  • Financial advice after claim – reimbursement of up to $5,000 to cover the costs associated with the preparation of a financial plan following a lump-sum claim outside super

Additional premium applies for Optional Extras. Terms, conditions, limits and exclusions apply.


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