ClearView Life Insurance Review
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- Maximum Cover
- $20,000,000
- Maximum Entry Age
- 75
- Terminal Illness Benefit
Our verdict
ClearView life insurance is good for price and for those who want to tailor cover to their needs.
- It's one of the most affordable life insurance options on the market, according to our research prices.
- Policies are often sold through a financial advisor to help find a match for your financial situation.
- It comes with a wide range of cover types to tailor to your needs but this could be overwhelming for some.
Details
Key Details
| Product Name | ClearView Life Insurance |
| Maximum Cover | $20,000,000 |
| Terminal Illness Benefit | |
| Funeral Benefit | $25,000 |
| Guaranteed Renewability | |
| Cooling-off (days) | 30 |
| Online Quote |
Eligibility
| Minimum Entry Age | 18 |
| Maximum Entry Age | 75 |
| Expiry Age | 99 |
| Medical Exam |
Add-ons
| Total and Permanent Disability Option | |
| Child Benefit Option | |
| Trauma Option |
Read a more detailed review on:
Life Insurance
Key points of ClearView Life Insurance
- 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 $3,000,000 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 55 (for level premiums).
- TPD: You must be aged 18-55, 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.
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