INSURANCE
Premium Cover
What is Premium
Cover?
Premium Cover pays your premiums
if you can’t work due to total disability.
How does it work?
What does ‘total disability’ mean?
If you were to become totally disabled and unable to earn an
income, then your financial priorities would change. With the
right insurance in place you won’t have to tighten your purse
strings too much. Premium Cover will assist you even further
by paying for the cost of your policy for the entire time you are
on claim. One less thing to budget for!
You are not working and you are unable to perform those
duties of your pre-disability occupation that are necessary
to produce income.
Premium Cover is an integral part of Income Cover,
but is just as important to have alongside all of our other
Assurance Extra benefits:
•• Major Medical Cover
•• Trauma Cover
•• Life & Life Income Cover
•• Complete Disablement Cover
•• Mortgage Repayment Cover.
Regardless of the benefits you choose, Premium Cover will
pay your premium should you become totally disabled.
We make it even better
Features*
Benefits
If you return to work on a part-time basis, we will continue
to cover your premiums.
You don’t have to worry about the extra expense of your premiums
until you are back working full time.
Your full premium will be paid while you are on claim (this includes
any of your family members who are insured on your policy).
Peace of mind knowing that your entire life insurance portfolio
will remain intact while you are on claim.
Choose your own ‘waiting period’ – base it on the length of time
you think can get by before you will need financial assistance to
pay your premium.
You have the option to lower your premium by choosing
a longer waiting period (4, 8, 13, 26 or 52 weeks).
Your premium will be paid for 6 months if you are made redundant,
or you are self-employed and become bankrupt.
You don’t have to worry about the cost of your life insurance while
you get back on your feet.
Premiums for the surviving spouse and children will be paid for
2 years after the death of an insured person.
Cover will automatically continue for surviving family members
for up to 2 years.
*For each feature listed special terms and conditions apply.
Assurance Extra
Life & Life Income Cover
Trauma Cover
Complete Disablement Cover
Income Cover
Mortgage Repayment Cover
Premium Cover
P3773 11/11 V3
Major Medical Cover
OnePath Life (NZ) Limited
205 Wairau Road, Glenfield, Auckland 0627
Private Bag 92131, Victoria Street West, Auckland 1142
Toll Free T 0508 464 543 F 0508 464 329
onepath.co.nz
The ‘fine-print’
We want our customers to be secure in the knowledge that they understand
exactly what their policy covers. Specific terms and conditions, of which you need
to be aware, apply to Life & Life Income Cover. For a full explanation of the terms
and conditions, please talk to your adviser and read the policy wordings.
This Brochure is for information purposes only. Its content is intended to be
of a general nature, does not take into account your financial situation or goals,
and is not a personalised financial adviser service under the Financial Advisers
Act 2008. It is recommended you seek advice from a financial adviser which takes
into account your individual circumstances before you acquire a financial
product. If you wish to consult one of OnePath’s financial advisers,
please contact us on 0508 464 543.