Life cover: This policy will pay a lump sum benefit amount in the event of your death (accident or any other cause) or if you're diagnosed as terminally ill with less than 12 months to live. This policy can be purchased directly or through a ClearView financial adviser.
TPD insurance: ClearView will pay a lump sum benefit in the event that you are permanently unable to return to work due to illness or injury. You can structure your insurance to have TPD as a standalone cover or bundled with your life insurance.
Trauma insurance:This benefit allows you to maintain a certain quality of life when suffering from a specific illness or injury as defined by the terms of the policy. Upon diagnosis, you will receive a lump-sum benefit that can be used to cover the cost of treatment, as well as pay off debt or finance an extended leave from work. You can apply for a maximum amount of $2,000,000 for this type of cover with ClearView.
Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.
Features
ClearView features
When you take out a life insurance policy, it comes with the following inclusions:
Guaranteed renewable
Indexation (cover increases each year to ensure your benefit amount keeps up with inflation)
Worldwide cover
Guarantee of upgrade (If ClearView make changes or introduce new benefits to its products)Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.
Applying for cover
Applying for ClearView cover
Life: You must be 18 to 75 (for stepped premiums) or 18 to 60 (for level premiums).
TPD: You must be aged 18-60, be employed and working at least 20 hours per week in an eligible occupation.
You must meet the cover eligibility criteria.
You must have financial dependants, debt or other financial commitments and expect that they will be. unable to meet these commitments if you become terminally ill or die.
You must expect to be able to pay premiums.
ClearView life insurance pros and cons
Still wondering if ClearView is right for you? Here are the main pros and cons summarised:
Pros
You can pay your premium for some types of cover from your super.
It's one of the more affordable policies around.
Cons
It might be possible to get a higher life insurance benefit elsewhere.
How do I make a ClearView life insurance claim?
If you need to make a claim, make sure to give notice of your claim within 90 days of the insured event. Have the following ready to ensure your claim is processed quickly and efficiently:
The fully-completed claims form
The policy certificate
Proof of age
Any other documentation or evidence the insurer might require
What are some of the key exclusions of ClearView life insurance?
For ClearView life insurance there is a 13 month exclusion for suicide and self inflicted harm, which applies after taking out a new policy or reinstating cover. If you have increased cover, this will also apply to the increased amount for 13 months.
With other forms of death cover, such as death cover with trauma insurance, there is a blanket exclusion for deaths caused directly or indirectly by self inflicted acts, at any time. Similarly, these will typically have not pay out for deaths resulting from participating in any criminal activity, being under the influence of alcohol or taking any drugs other than as prescribed.
Specific exclusions may also apply to your policy, such as for specific high risk pastimes, and you'll have a chance to agree to them before taking out cover.
Read the PDS for more information on the general exclusions that apply to your policy.
Why you can trust Finder's life insurance experts
We're free
You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
We're experts
Our team of life insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 250+ guides to make it easier for you to compare.
We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of life insurance brands, making it easier for you to find a good deal.
We're here to help
Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.
ClearView life insurance FAQs
Not necessarily. You have the option to buy your policies directly, and as long as you're a permanent Australian resident between 18 and 75 years of age, acceptance is guaranteed for most benefit options. However, going through a financial adviser means you're able to tailor your policy with the benefits most relevant to your personal situation.
No. You can apply for ClearView policies online without having to take blood tests. Acceptance is guaranteed when applying for Accidental Death, Injury Cash and Funeral Insurance policies.
Eligibility varies depending on the policy and the amount of cover you wish to purchase, but in most cases, any permanent Australian resident between 18 and 75 years old can apply for cover.
This means that your benefit amount will increase automatically by the greater of either 5% or the increase in the Consumer Price Index (CPI). In short, your total benefit amount increases every year so that the value of the policy isn't affected by increases in inflation.
As long as it doesn't increase your premiums, any product enhancements will automatically be applied to your policy.
As a policy owner, you have your own life covered, or the life of a family member or business partner. You can have up to five people insured on one policy, except in the case where your policy is held under ClearView LifeSolutions Super option.
You can apply for standalone cover that operates independently from other cover you might have. In the event of a pay-out from the standalone cover, your other benefits are not affected. All cover options can be purchased as standalone cover except Child cover and Parent cover.
You have the option of Linked and Flexi Link cover. With the Linked option, you pay a lower premium than you would for a standalone option, but all cover is reduced when a benefit amount is paid out. Flexi-Link allows you to link two policies and name different policy owners.
Compare other direct life insurance policies below
Why compare life insurance with Finder?
You pay the same price as buying directly from the life insurer.
We're not owned by an insurer (unlike other comparison sites).
We've done 100+ hours of policy research to help you understand what you're comparing.
An adviser can help you find cover from trusted life insurance brands.
Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, news.com.au, The Telegraph, Explore Travel and Escape. Gary holds a Kaplan Tier 1 General Insurance (General Advice) certification and a Kaplan Tier 1 Generic Knowledge certification which meets the requirements of ASIC Regulatory Guide 146 (RG146).
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