The FutureWise Life Insurance cover that is offered from Macquarie provides a lump sum to the insured or their beneficiary should the insured die or be diagnosed with a terminal illness.
Macquarie’s FutureWise Life Insurance cover protection will pay out a lump sum of cash to the named policy beneficiary should the insured pass away or to the insured should he or she be diagnosed with a covered terminal illness.
There are a number of features that are included in the plan. These are:
- Funeral Advancement benefit
- Financial Planning benefit
- Indexation increases
- Future increases
In addition to the included features, the FutureWise Life Insurance cover from Macquarie also allows the policy holder to choose from additional optional policy benefits. These include a waiver of premium option and a business increase option.
These policies will provide a minimum sum insured of $100,000 with no maximum amount. Those who will apply for a FutureWise Life Insurance cover plan must be a minimum of age 15 and a maximum age of either 60 or 70, depending upon the type of premium that is chosen. In addition, there is no expiry age on these cover plans.