Life

The value of Life Insurance.

Life Insurance will provide you with a lump sum payment should you die or become terminally ill.

Having life insurance in place with Professionals Choice, will allow you and your family to live safe in the knowledge that, should you die or suffer from a terminal illness, your dependents will be able to continue benefitting from your years of hard work.

A Life Insurance benefit can assist your family to maintain their current lifestyle by paying the mortgage on your family home, reducing outstanding debts, or investing the lump sum benefit for future costs such as education expenses or unplanned household repairs.

Cover Through Superannuation

Life Cover can be purchased through a Super Fund including through the PPS Mutual Super Fund that has been set up to allow payments by Rollover from your own super fund, this approach provides you with a 15% Rollover Rebate.

KEY BENEFIT FEATURES

Funeral Advancement Benefit

 

Advances some of your Death Benefit (before the full death claim has been assessed) to assist with funeral costs.

Accidental Injury Benefit

 

Advances some of your Death Benefit if you suffer an accidental injury which causes specified total and permanent loss of one or more of a hand, a foot or the sight in an eye.

Enhancements are passed back

 

Our philosophy is to keep our benefits current. Hence, we’ll enhance the Professionals Choice product to reflect changes in society and medical enhancements.

Where enhancements do not result in an increase to your premium rates, we’ll automatically pass them onto you. If the enhancement does result in a premium increase, you will be given the option to apply for the enhancement with a related increase to your premium.

Your insurance is guaranteed renewable each year until expiry

 

As long as you pay your premiums, we’ll continue to insure you with the same or enhanced terms and conditions until expiry. This applies even if you suffer changes to your health, you change occupations (including to non-professional occupations) or you take up different pastimes.

Worldwide Insurance

 

Your insurance covers you wherever you are in the world.

Increase your insurance without providing medical evidence

 

With our Future Increases Benefit and Business Increases Option your insurance cover can keep pace with your changing life, as they allow you to increase your insurance after certain life, professional and business events without the need to provide information about your health.

Profit-Share

Members of PPS Mutual will be entitled to a share in the profits of the Professionals Choice product. PPS Mutual Professionals Choice is the only product to offer this feature in the Australian Insurance market.

Indexation for Professionals

Being exclusively for professionals we are able to offer the option of having benefits increase in line with your salary, based on increases in our Professional Earnings Index or inflation, whichever is greater.

Professional Events

You can also increase your cover without having to provide further medical evidence when certain career events occur such as becoming a partner or starting in private practice

Flexible Premium Structure

A flexible premium structure provides for both a stepped and level premium structure for the one insurance type, allowing you to tailor your cover to benefit from the advantages of both premium structures

True Level Premium

Premiums for any increased cover, from the application of the Indexation for the Professionals Benefit, is based on your age at the date of commencement of your cover and not your age at the time the indexation is applied.

Change of Ownership

The plan ownership may be transferred at any time with no underwriting.

Other cover options

Income Protection

Total & Permanent Disability

Trauma

Business Expenses