Life & Health Events Insurance

A fresh approach to lifestyle protection that pays out as you need it

Macquarie Life Active is a unique kind of lifestyle protection that could be a great way to complement your Teachers Health Insurance. It allows you to look after yourself and your family, with a policy offering broad financial protection. With many life policies, if you have chosen cover for a serious illness or total and permanent disability, often the most serious conditions are covered. However, in reality many health events are not extreme, and most Australians recover from an illness or injury and go on to live active, healthy lives. Other policies may not provide a lump sum benefit for these less severe conditions.

Macquarie Life Active is different.

When you apply for Macquarie Life Active, you select an initial amount of cover, starting at $100,000. If you make a claim, the amount paid depends on the benefit category the claim falls into, which is determined according to how serious the condition or event is. The highest benefit category is for death and terminal illness (Benefit category AA). After that, the Health Event benefit category ranges from A through to E (most serious to least serious), with the cover based on a percentage of the initial amount of cover selected.

It covers a broad range of health events (not just extreme ones), and allows you to make multiple claims, whether these are for unrelated or related conditions if the condition deteriorates over time.

Conditions applicable to each benefit category are listed in the Product Disclosure Statement.

Claims are based on objective medical conditions rather than subjective criteria – and if you were to die, your beneficiaries would receive the remaining amount of cover on the policy.

Once you apply and your policy is accepted, the insurer is committing to cover you on the original acceptance policy terms for up to 40 years, as long as you continue to pay your premiums. This is regardless of changes to your health, changes in your occupation and claims that may be made throughout the life of the policy.

You can apply for the benefits through an application process over the phone, or if you wanted to consider a higher level of cover additional death cover, or optional benefits such as Income Cover or Child Trauma cover, we can also progress this for you through a discussion with one of our financial advisors. 

The cost of insurance is very affordable compared to funding alterations to your entire lifestyle!