Since we launched our Integrity’s ‘Here for You’ retail product, we’ve had some incredibly useful feedback from you – our Advisers. Now, we’re pleased to announce some improvements we’re making in response to what you’ve been telling us.
With these changes, you can expect cover that is more flexible and easier to compare. And most importantly, cover that is designed for the real world, and suitable for more clients.
Care Support Package.
Will now be included with lump sum Covers (Life, Critical Illness or TPD). A premium will be payable when only Income Insurance is held. It now also includes: an Occupationally Acquired Needlestick Benefit ($500k lump sum for those working in their usual occupation which is health or medical related), and A Child Support Benefit ($10k lump sum payment if a child, aged between 2-19 years, suffers one of the 42 medical conditions under our Critical Illness cover, is diagnosed with a Terminal Illness, or dies).
We’ve broadened the eligibility to provide a discount to more of your clients with a BMI between 18.5-27. For clients with no loadings or exclusions, that are lifelong non-smokers (less than 100 cigarettes in their life). Under Life+, your clients will now have the following discounts: 10.5% off Life Cover and 5% off Critical Illness Cover and 5% off TPD Cover.
Shared Product Features.
Now includes a Professional Services benefit (up to $3K lump sum reimbursement) for an Adviser, Accountant or Lawyer to prepare a financial plan or other documentation. Plus, where the Policy has been underwritten for a business purpose, the client has the ability to increase cover for Business Events (the lesser of 30% of the initial cover amount or $500k per increase, up to $3m over the life of the policy). Available where the client is the key person in their business (such as an owner, partner or shareholder).
NEW Multi-Cover Discount.
A 7.5% discount off the total policy premium when your client combines and maintains Income Insurance with at least one lump sum cover (Life, Critical Illness or TPD). Valid for quotes started from 1 February 2021, where your client is aged 50 years and under, and has a stepped premium.
For more information on any of these changes please speak to your BDM or our Care team. Or click here to see how Integrity is your partner for life.
Head of Retail Product