ClearView Life Insurance
What life insurance products does ClearView offer?
ClearView offers the following life insurance options through its LifeSolutions product:
- Life Cover: Pays a lump sum benefit if you become terminally ill or die. ClearView says you can choose either accident-only cover or cover for both accident and illness.
- Total and Permanent Disability (TPD) Cover: Pays a lump sum benefit if you are totally and permanently disabled and unlikely to work again. ClearView says you can choose either accident-only cover or cover for both accident and illness.
- Trauma Cover: Pays a lump sum benefit upon diagnosis of a specified serious illness such as cancer, heart attack or stroke.
- Income Protection Cover: Pays a monthly income for a certain period of time if you are unable to work. ClearView says you can choose either accident-only cover or cover for both accident and illness.
- Business Expense Cover: Pays a monthly income for a certain period of time if you are unable to work due to sickness or injury. This is designed to cover your business expenses.
- Child Cover: Pays a lump sum benefit if your child is diagnosed with a specified serious illness or dies.
ClearView says some of these covers can be held inside or outside of superannuation.
How much does ClearView life insurance cost?
ClearView says the cost of its LifeSolutions product will depend on factors such as the type of insurance, the level of cover and any optional extras you have selected. ClearView will also take into account your age, gender, smoking status, health, occupation, pastimes and the start date of your policy.
Canstar only compares direct life insurance and as such does not currently compare ClearView life insurance. However, you can compare other life insurance providers on Canstar’s database:
Eligibility to apply for ClearView life insurance
According to ClearView, those between the ages of 18-75 may apply for its Life Cover product. However, ClearView says you must be at least 30 years old to apply for a hybrid premium (mix between stepped and level premium), and a maximum of 60 years old to apply for a hybrid or level premium.
Upon application, you may also be asked some questions about your health, lifestyle and family medical history to determine your eligibility and what level of cover might be available to you.
How to apply for a ClearView life insurance policy
If you fit the eligibility criteria, you can apply for ClearView Life Cover. In order to apply for a ClearView life insurance policy you will need to speak to a financial adviser to help you choose the type of cover and the benefit amount that will best suit your needs.
Before taking out a life insurance policy, it may be beneficial to first compare various providers to help ensure you’re applying for a policy that suits your needs.