Continuous Care Cover

A modern approach to long-term care protection

Traditional TPD is there for you to help pay your mortgage and bills; Continuous Care Cover is there so you do not have to worry about being a financial burden on your family when someone needs to take care of you.

What Continuous Care Cover provides

Continuous Care Cover pays a lump sum if the life insured needs to pay for carer costs from a professional or needs a family member to care for them full time. This cover can be combined with a traditional, working any or own occupation definition TPD policy, to allow protection for disabilities that require continuous long-term care or significant home modifications.

Continuous Care Cover product details (at a glance)

• Lump Sum Payment
• Available for those aged 15 – 60
• End age 65
• Minimum $250,000
• Maximum $5,000,000 (TPD Combined)
• Available as non-super or super

Continuous Care covers events where

• The life insured has been permanently disabled and has been under continuous care for at least 3 consecutive months, and has undergone, or is continuing to undergo, all reasonable and appropriate treatment including rehabilitation.
• Ongoing care (an average of 6 hours a day) is required from a professional or family member who needs to cease work and this is confirmed by objective medical evidence
  *Please read the PDS which contains details of when all benefits available under Continuous Care Cover are payable.

Important: Please read the OneCare PDS for details of when all benefits under Continuous Care Cover are payable, including definitions, exclusions and limitations.
 

Who this cover is designed for

Continuous Care Cover better suits modern ways of working, the health landscape and client protection needs.

We have designed this innovative cover for clients that are;

• Value Driven - want tailored cover at a more affordable price. Continuous Care Cover costs approximately 70% less than OneCare standalone any occupation TPD.
• High Net Worth - Require a higher sum insured than is allowed with traditional cover.

Until now, these different financial needs have had to be covered with one product solution. With Continuous Care Cover, you can offer a more targeted and sharper solution to meet the needs more directly.

Combining traditional TPD with the Continuous Care Cover means you can tailor the financial outcomes to the client’s needs, and within their budget. This ensures the right benefit to the right person at the right time.

Key features at a glance

• Benefit type: Lump sum
• Entry ages: 15–60
• End age: 65
• Sum insured: Minimum $250,000; Maximum $5,000,000 (combined with TPD)
• Ownership: Available inside or outside superannuation

FAQs