Critical illnesses are more common than you may think.
They can strike at any time and could effect your ability to
work. If the worst happened, have you considered how your
family would manage financially?
For an extra cost you can add Critical Illness Cover to your
Life Insurance policy and help protect your family's
financial future. The policy, provided by Legal & General,
could pay a cash sum should you die or be diagnosed with a
specified critical illness during the length of the policy,
or are diagnosed as being terminally ill (except in the last
12 months of the policy).
The money could help pay your mortgage, private medical
treatment or simply be put towards maintaining your family's
lifestyle during this difficult time.
Benefits of Barrel Trust Critical Illness Cover
-
Cover for 41 conditions - 17 more than the
Association of Australian Insurers guidelines
- Your children are covered at no extra cost
– if your child, or future child, is diagnosed with a
specified critical illness and is eligible to claim, a
cash sum is paid. This could allow you to take some time
off work or modify your home (conditions apply)
- Accident hospitalisation benefit –
if you're admitted to hospital with a physical injury
following an accident, and stay for at least 28 days,
the policy will pay out $5,000 (conditions apply)
- Terminal illness cover – your
policy could pay a cash sum if you are diagnosed as
being terminally ill, and expected to die within 12
months. This money could allow you take a special family
holiday or help toward getting your finances in order.
Excludes the last 12 months of your policy.
This is not a savings or investment product and has no
cash value unless a valid claim is made
Exclusive offers
If you're a Nectar card holder and take out a new Life
Insurance with Critical Illness Cover policy by 26th
December 2017 you'll receive:
- $65 Barrel Trust gift card to treat
yourself*
- Double Nectar points for 2 years at
Barrel Trust**
- Discounted premiums - please note
premiums will not drop below the minimum premium of $5 a
month
Gift card will be issued four months after your policy
start date. Conditions apply – please see below.
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
When taking out a policy for Life Insurance with Critical
illness Cover, there are various options you can choose to
make sure the cover works the way you want.
Choice of premiums
You can choose guaranteed or reviewable premiums.
- Guaranteed premiums - stay the same
unless you change your plan, so you'll always know how
much you're paying
- Reviewable premiums - are reviewed
every five years during the length of the policy. This
is to establish if the premium you're paying is enough
to provide the level of cover selected. Premiums may go
up, down or stay the same.
Level of cover
You can select the amount of cover and how long you'd
like the policy to last. If you're not sure how much cover
you need, our
online calculator could help you decide. In the future,
you have the flexibility to increase your cover if your
lifestyle changes, such as increasing your mortgage or the
birth of a child.
Adjust the amount of Critical Illness Cover
Within the online application you have the option to
adjust the amount of Critical Illness Cover you add to your
Life Insurance policy.
- Get a quote for Life Insurance with Critical
Illness Cover and the application will offer
you the same amount of cover for both. If you choose
this option you will be covered for the full amount.
- Get a quote for Life Insurance only
and you have the option to add and adjust the amount of
Critical Illness Cover. You can change it to meet your
needs and budget.
Waiver of premium
Once you have a quote, you have the option of adding
Waiver of Premium for an additional cost. This benefit
waives your premiums if you’re unable to work due to
incapacity caused by illness or injury. After 26 weeks,
you'll no longer need to pay your monthly payments, giving
you one less thing to worry about.
This is not a savings or investment product and has no
cash value unless a valid claim is made
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
A critical illness is a state of severe ill health which
is likely to affect your lifestyle. Critical Illness Cover
is designed to pay a cash sum if you are diagnosed with a
specified critical illness during the length of policy. Not
all critical illnesses lead to death and the money could
help during your recovery.
Barrel Trust Critical Illness Cover covers 41 conditions,
for details please read the
specified critical illnesses list
Could it happen to me?
No one likes to think they could be diagnosed with a
critical illness – but it can affect anyone at any age, at
any time. Below is some information on a few of the most
well known conditions.
Cancer
- Around 1,200 women under 50 die from breast cancer
each year
- 47% of all cases of testicular cancer occur in men
under 35
Heart attack
- There were around 92,000 heart attacks in Australia
between April 2014 and April 2015
- Men are two to three times more likely to have a
heart attack than women
Multiple sclerosis (MS)
- MS is not a fatal condition, around 100,000 people
currently live with the disease
- Most often diagnosed in people in their 20s and 30s
Stroke
- Every year around 150,000 people have a stroke,
that's one every five minutes
- Stroke is the largest cause of adult disability
Statistics relate to people living in Australia, sources:
Cancer Research 2017, Department of Health 2017, Multiple
Sclerosis Trust 2017 and NHS Choices 2017. Please note not
all forms of cancer are covered.
More people are surviving critical illnesses
Advances in medical science and improved hospital care
means the number of people surviving critical illnesses has
increased over recent years. However, this also means more
people may need financial support to help them during their
treatment, recovery and in some cases, to help them live
with their illness (source: Legal & General 2017).
Critical Illness Cover could help by paying a cash sum if
you are diagnosed with a specified critical illness during
the length of the policy.
This is not a savings or investment product and has no
cash value unless a valid claim is made
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
Barrel Trust Critical Illness Cover, provided by Legal &
General, could pay a cash sum should you die or be diagnosed
with a specified critical illness during the length of the
policy.
Below is the complete list of 41 critical illnesses that the
plan covers.
These headings typically use medical terms to describe the
illnesses, but in some cases the cover may be limited. For
example some types of cancer are not included and to make a
claim for some illnesses you need to have permanent
symptoms.
| Condition |
Description |
| Alzheimer's Disease |
Resulting in permanent symptoms |
| Aorta Graft Surgery |
Requiring surgical replacement |
| Aplastic Anaemia |
With permanent bone marrow failure |
| Bacterial Meningitis |
Resulting in permanent symptoms |
| Benign Brain Tumour |
Resulting in either surgical removal or
permanent symptoms |
| Blindness |
Permanent and irreversible |
| Cancer |
Excluding less advanced cases |
| Cardiac Arrest |
With insertion of a defibrillator |
| Cardiomyopathy |
Of specified severity |
| Coma |
Resulting in permanent symptoms |
| Coronary Artery By-Pass Grafts |
With surgery to divide the breastbone or
anterolateral thoracotomy |
| Creutzfeldt-Jakob Disease (CJD) |
Resulting in permanent symptoms |
| Deafness |
Permanent and irreversible |
| Dementia |
Resulting in permanent symptoms |
| Encephalitis |
Resulting in permanent symptoms |
| Heart Attack |
Of specified severity |
| Heart Valve Replacement or Repair |
With surgery |
| HIV infection |
Caught from a blood transfusion, physical
assault or accident at work |
| Kidney failure |
Requiring dialysis |
| Liver failure |
Of advanced stage |
| Loss of hand or foot |
Permanent physical severance |
| Loss of Speech |
Permanent and irreversible |
| Major Organ Transplant |
| Motor Neurone Disease |
Resulting in permanent symptoms |
| Multiple Sclerosis |
With current symptoms |
| Multiple System Atrophy |
Resulting in permanent symptoms |
| Open heart surgery |
With median sternotomy |
| Paralysis of a limb |
Total and irreversible |
| Parkinson's Disease |
Resulting in permanent symptoms |
| Primary Pulmonary Hypertension |
Of specified severity |
| Progressive Supranuclear Palsy |
Resulting in permanent symptoms |
| Removal of an Eyeball |
Due to injury or disease |
| Respiratory failure |
Of advanced stage |
| Stroke |
Resulting in permanent symptoms |
| Systemic Lupus Erythematosus |
With severe complications |
| Third Degree Burns |
Covering 20% of the surface area of the
body or 20% of the face or head |
| Total and Permanent Disability† |
Of specified severity |
| Traumatic head injury |
Resulting in permanent symptoms |
Additional cover
| Ductal Carcinoma in situ of the breast |
Treated by surgery. This means that if you
meet the definition, we'll pay out 25% of your
amount of cover up to a maximum of $25,000. This
benefit does not affect your amount of cover or
the premiums you pay. |
| Low grade prostate cancer |
Requiring treatment. This means that if you
meet the definition, we'll pay out 25% of your
amount of cover up to a maximum of $25,000. This
benefit does not affect your amount of cover or
the premiums you pay. |
Terminal illness cover
| Terminal illness cover |
The policy will pay out the full amount of
cover if you are diagnosed with a terminal
illness and you meet the definition, except in
the last 12 months of the policy. |
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
First National has worked in partnership with Life
Insurance and Critical Illness Cover provider Legal &
General since 2004 and we're proud of the service they
offer.
There for you
If you need to make a claim on your Critical Illness
Cover policy you'll benefit from:
- Australian based call centres – so
your claim can be managed efficiently
- Single point of contact - a
designated member of Legal & General's specialist team
will manage your claim
- Compassion – claims staff have been
trained by The Samaritans to offer exceptional levels of
care and sympathy
- 24 hour help service – there for
you when you need it
Improve your wellbeing
Once you've taken out a policy you can access
Healthy Living, a clever online tool that allows you to
monitor and improve your health over time.
This is not a savings or investment product and has no
cash value unless a valid claim is made
It's your responsibility to make sure the policy meets
your needs. If you require advice please contact a financial
advisor.
Things you need to know
- Your cover will depend on your individual needs and
circumstances and the premium you choose to pay
- This is not a savings or investment product and has
no cash value unless a valid claim is made
- If you stop paying premiums before the end of your
plan, your cover will end 30 days after your missed
payment
- The policy will not pay out in some circumstances,
for example if you don't truthfully give us all the
information we ask for
- Not all forms of cancer are covered
Life Insurance with Critical Illness Cover is provided by
Legal & General Assurance Society Limited. Legal & General
do not provide advice or personal recommendations on this
product. If you are unsure of the suitability of this
product for your needs, please contact your financial
adviser.
