MetLife Australia

Total and Permanent Disability (TPD) Cover

• MetLife allows either Standalone TPD Cover or Linked TPD Cover to Life Cover.
• Cover from $50,000 up to $5,000,000 depending on age.
• Other features include:
  • Any Occupation Benefit² – payable if you suffer total and permanent disablement due to an Illness or Injury and are unable to continue in the workforce in any suitable occupation. Applicant must be under 65 and working at least 20 hours per week to be eligible. Excludes some occupations.
  • Limited Earnings Benefit^2,3 – payable if your earnings are unlikely to ever exceed 25% of your pre-disability earnings while retaining a limited capacity for work and you are not eligible for payment under any occupation benefit.
  • Home Duties Benefit¹ – payable if you’re permanently unable to do all of the defined Home Duties without another person’s help.
  • General Disability Benefit² – payable if you’re permanently unable to do two or more of the defined Activities of Daily Living without another person’s help.
  • Physical Disability Benefit³ – payable if you suffer Loss of Limb – single limb or Blindness – partial loss solely due to Illness or Injury, provided defined criteria is met.
  • Death Benefit – provides a $10,000 benefit if you pass away during the term of your Standalone TPD Cover (subject to approval).
  • 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 (the lesser of 25% of the original cover amount or $200,000, up to $1,000,000 for the life of the policy). This feature expires when the Life Insured turns 55.
  • Indexation – cover increases every year without health assessment (greater of CPI or 5%).
• Optional Extras:
  • Employment Extras (Life Cover Buy Back) – includes a Life Cover Buy Back Option (TPD) 14 days after a linked TPD benefit payment (expires age 75).
  • Double Benefit (TPD) – restores your Linked Life Cover 14 days following full linked TPD Cover benefit payment without further evidence of health, occupation or pursuits¹.
  • Specialist Extras (Own Occupation)³ – Own Occupation TPD definition¹.
  • Business Extras – (Own Business)³ TPD definition and Life Cover Buy Back Option (TPD)¹.
  • Premium Waiver Disability Benefit – premiums waived for up to 6 months if Life Insured is Totally Disabled for a period of 12 months or when insured reaches age 65, returns to work or begins earning an income¹.

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 more than 100km from home (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 (greater of CPI and 5%).
• Optional Extras:
  • Life Cover Buy Back Option (Trauma)² – restores your Linked Life Cover 12 months following a full or partial Linked Trauma Cover benefit payment, without the need for medical evidence (expires age 75).
  • Double Benefit Option (Trauma)^3,1 – restores your Linked Life Cover 14 days following a full Linked Trauma Cover benefit payment and waives future premiums on the restored Life Cover Amount until the Life Insured turns 65.
  • Trauma Cover Reinstatement Option³ (expires age 75).
  • Premium Waiver Disability Benefit¹ – premiums waived for up to 6 months if Life Insured is Totally Disabled for a period of 12 months or when insured reaches age 65, returns to work or begins earning an income.
  • Individual Extras³ – Booster Benefit and Repeat Angioplasty Benefit. When taken with the Trauma Cover Reinstatement Option, provides additional cover for certain specified related and unrelated cancers, as well as specified related heart conditions (expires age 75).
  • Family Extras^3,1 – covers your children when diagnosed with specified serious illnesses. Includes Child Trauma Benefit up to 10% of trauma cover amount (max $50,000 for all claims) and reimbursement of travel and/or accommodation expenses up to $500 per day (max $5,000 for the life of the policy) under Family Assistance Expenses Benefit.

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, TPD and Trauma 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, monthly or annually.
• Generous entry ages.
• 30-day cooling off period.
• Complimentary interim cover at no extra cost (subject to approval).
• 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.