Macquarie

Macquarie Life is a retail life insurance provider, recognised as a market leader for service and innovation. Established as part of Macquarie Group, it has offered insurance products through Macquarie Wrap since 1999.

With a culture of supporting financial advice through innovation, Macquarie Life provides efficiency and choice while delivering outstanding service. As a result, industry award recognition has been consistent across the last six years – the most recent being named in the Canstar Innovation Excellence Awards for new financial products and services (March 2013), as well as winning the Consumer Innovation award at the Financial Services Council (FSC) Insurance Awards (March 2013).

In addition, Macquarie Life has been awarded five-star status in the Beaton Benchmarks Life Insurance Intermediaries Study, for six consecutive years. This is an Australian first and makes Macquarie Life the most consistent performer in the industry over this time.

Macquarie Life Limited is a registered life insurance company and is subject to the Australian Prudential Regulation Authority (APRA) prudential framework. APRA regulations define minimum capital requirements that must be held by life insurance companies to fund future liabilities (i.e. claims) for the actual and projected insurance policies held. It is a legal requirement that the capital held by Macquarie Life Limited, to protect the interests of its life insurance policyholders, be held in statutory funds solely for the purpose of Macquarie Life Limited’s insurance operations. This capital cannot be used to support any other Macquarie business.

PRODUCT DISCLOSURE STATEMENT

Macquarie Active - Life Cover

  • From $100,000 up to $4 million for Health Events, and unlimited for Death and Terminal Illness
  • Advanced funeral benefit of up to $15,000
  • Optional Income Cover - provides a monthly benefit in case you are too sick or too injured to go to work

Macquarie FutureWise - Life Insurance

  • Apply from $100,000 up to an unlimited amount of life cover
  • Advanced Funeral Benefit of up to $15,000
  • Financial Planning Benefit of up to $1,000
  • Option to link TPD and Trauma insurance

Macquarie FutureWise - Trauma Insurance

  • Get covered from $50,000 up to $2 million against trauma events
  • Free Interim Accidental Trauma Cover
  • Financial Planning Benefit of up to $1,000
  • Optional covers – Optional Trauma Reinstatement and Optional Double Trauma

Macquarie FutureWise - TPD Insurance

  • Apply for a minimum of $100,000 up to $5 million worth of TPD cover
  • Free interim Accidental TPD Cover
  • If linked to your life insurance policy - have the option to add Double TPD
  • Includes TPD Advancement benefit and a Financial Planning Benefit of up to $1,000

Macquarie Sumo - Life Insurance

  • No maximum amount of cover you can apply for
  • Advance funeral benefit of $15,000
  • Have the option to link your TPD and your Trauma Insurance with your Life Insurance

Macquarie Sumo - Trauma Insurance

  • Be covered for a large maximum of $10 million
  • Financial planning benefit of up to $1,000 to help structure your future finances
  • Flexible linking - option to link your Trauma with either TPD, or life insurance or both.

Macquarie Sumo - TPD Insurance

  • Can provide up to $15 million worth of TPD cover
  • A financial planning benefit can help manage your finances
  • Have 25% of your policy paid in advance with TPD Advancement benefit
  • 24 hour worldwide cover