Insurance
IOOF Portfolio Service offers access to comprehensive and competitively priced 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 cover you can apply for. |
| Total and Permanent Disablement (TPD) | TPD cover (attached to death 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 $3 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. |
Click here to view the Product Disclosure Statement for more information or contact your financial adviser.