AMP Flexible Lifetime Protection - Death, TPD & Trauma
If you're looking for cover that can be customised for your lifestyle, consider AMP's Flexible Lifetime Protection policy. With AMP, you can pick and mix the policies that best suit your budget and needs. Select one, two or three of the following: death cover, total and permanent disablement cover (TPD), and trauma cover.
The Flexible Lifetime Protection options offered through AMP can provide protection during difficult times. AMP offers three life insurance cover options. These include:
- Death cover: Offers you or your chosen beneficiary a lump sum if you die or are diagnosed with a terminal illness. This can be used to cover immediate costs such as a funeral, as well as long-term debts like a mortgage. It can also go towards ongoing costs such as school fees for children.
- TPD: Differs from the government's DisabilityCare in that it allows you to choose the right amount you need to continue your lifestyle even if you become permanently unable to work in your occupation. You can also choose your definition of disability and when you become eligible for payments. TPD benefits are paid in the form of a lump sum.
- Trauma cover: Pays you a lump sum if you become diagnosed with a medical condition such as stroke, cancer or a heart attack. With AMP, there are two levels of trauma cover: standard and optimum. Standard covers 15 medical conditions and procedures, while optimum covers 50.
AMP's Flexible Lifetime Protection has been awarded five stars by Canstar Cannex for outstanding value.