Insurance
IOOF Pursuit offers you competitive retail insurance options to protect your income and provide for you or your family if you unexpectedly get sick, injured or die.
Insurance options
You can apply for the following retail insurance options:
| Type of cover | What is it? | How much? |
|---|---|---|
| Death | Death cover provides your family with financial security in the event of your death. If you die, your insured benefit may be paid to your beneficiaries or estate in addition to your account balance. | There is no limit to the amount of Death Benefit you can apply for. |
| Total & Permanent Disablement (TPD) | TPD cover provides you and your family with financial security in the event you become totally and permanently disabled and are unable to work. | The maximum TPD Benefit available is $5 million. |
| Income Protection | Income Protection cover provides you with a regular monthly income if you become totally disabled because of illness or injury and are unable to work and earn your income | The maximum amount of Income Protection you can apply for is 75% of your Declared Earned Income (plus up to 10% super contributions when disabled). Limits apply depending on the option applied for. |
| Critical Illness | Critical Illness provides you and your family with financial security in the event you are diagnosed with a specified condition like cancer, heart attack or stroke. | The maximum Critical Illness Benefit available is $2 million. |
| Business Expense | Business Expense cover provides you with a monthly payment to reimburse the regular fixed operating expenses of your business if you're unable to work due to Sickness or Injury. | The maximum Business Expense Benefit available is $60,000 per month |
We offer retail insurance through the IOOF Pursuit Select and Core Investment Service products.
Click here to view the Offer Document for more information or contact your financial adviser.
Retail insurance cover available to investors is issued by TAL Life Limited (TAL) (ABN 70 050 109 450 AFSL 237848 (the Insurer)). For investors who may be interested in acquiring retail insurance cover, please consider the TAL Accelerated Protection Product Disclosure Statement, which can be obtained by clicking here, through your financial adviser or by calling our client services team on 1800 062 963.
Please note: The TAL Accelerated Protection cover is an individual insurance product issued separately by the Insurer and is not an IOOF product.