Macquarie FutureWise Disability Income Insurance
The FutureWise Disability Income Insurance that is offered through Macquarie pays out a benefit to the insured should they be unable to work due to a covered illness or injury.
Macquarie’s FutureWise Disability Income Insurance provides a benefit to the policy holder should they be unable to work following a covered serious illness or injury. Benefits will be paid whether the insured suffers a total disability or suffers a partial disability for longer than a specified waiting period.
In addition to partial and total disability payments, the FutureWise Disability plan has the following benefits and features included:
- Indexation Increases
- Specific Injury Benefit
- Death Benefit
- Waiver of Premium
- Involuntary Unemployment Waiver of Premium
Additional optional benefits that may be chosen by the policy holder include a trauma benefit, an accident option, a rehabilitation expense benefit, home care benefit, future increases, and cover extension. There is also a booster option, a TPD commutation option, and bed confinement option available as well.
The policy holder is able to choose their waiting period, available benefit duration period, and the type of cover such as indemnity, agreed value, or endorsed agreed value. There is also a maximum monthly insured amount for the insured on this cover.