SuperSure Insurance Plan for Self-Managed Super Funds
Supplementary Product Disclosure Statement
16 February 2015
TAL Life Limited ABN 70 050 109 450, AFSL 237848 (TAL) is the issuer of this
Supplementary Product Disclosure Statement (SPDS) dated 16 February 2015 which
updates and modifies the information in the SuperSure Insurance Plan for Self-Managed
Superannuation Funds Product Disclosure Statement (PDS) dated 3 May 2013.
You must read this SPDS together with the PDS.
Definitions
Terms defined in the PDS have the same meaning when used in this SPDS.
New name
All companies in the WHK Group, including WHK Financial Planning Pty Ltd, have changed name
since the date of the PDS as follows:

WHK Financial Planning Pty Ltd ACN 060 092 631 is now Crowe Horwath Financial Advice
Pty Ltd ACN 060 092 631; and

WHK Group is now the Crowe Horwath Group.
The following references made in the PDS are updated as follows:

The acronym WHK is replaced by CHF; and

The acronym WHK Group is replaced by CHF Group.
On 6 January 2015 the Crowe Horwath Group became part of the Findex Group of companies
when it was acquired by Findex Australia Pty Ltd ACN 128 588 714.
New contact details for CHF
The address for CHF and its related companies (as specified on pages 3 and 13 of the PDS) are
deleted and replaced by:
Level 17, 181 William Street
Melbourne VIC 3000
In addition, the website address for CHF (as detailed on page 13 and the back cover of the PDS) is
now:
www.crowehorwath.net/au
Appointment of a custodian
On 8 December 2014, CHF appointed Equity Trustees Limited ACN 004 031 298 (EQT), a provider
of custodial services, to hold the Policy on CHF’s behalf as custodian (Custodian).
Appointing the Custodian will not affect:

the amount of Your insurance premium;

the insurance cover available to You as trustee of a SMSF, in respect of members of Your
fund, as per the terms of the Policy; or

the way in which You make a claim.
The Custodian must only act on the instructions of CHF and CHF remains the beneficial owner of
the Policy.
EQT is not responsible for the issue of the PDS or of this SPDS and takes no responsibility for the
accuracy or truth of any statement in the PDS or this SPDS.
The diagram on page 5 of the PDS which explains how the Policy works is replaced with the
following diagram:
1. How it Works
Your cover is provided under a 'group' life policy with TAL, Australia's largest specialist life insurer.
The Policy is held by EQT, in its capacity as custodian for Crowe Horwath Financial Advice Pty Ltd,
for the benefit of the Crowe Horwath Group's SMSF clients. This is represented diagrammatically
as follows:
TAL Life Limited is the Insurer
EQT is the Policy Owner as custodian for
Crowe Horwath Financial Advice Pty Ltd
Your SMSF
Trustee/Member
1
Trustee/Member
2
Trustee/Member
3
Trustee/Member
4
(Insured Person)
(Insured Person)
(Insured Person)
(Insured Person)
2
General information
The information provided in this SPDS is general in nature and has been prepared without taking
into account Your objectives, financial situation or needs. Therefore, before making a decision,
You should consider the appropriateness of the product, having regard to Your objectives, financial
situation or needs. The PDS and this SPDS have been prepared based on TAL's interpretation of
the relevant legislation as at the date of issue. TAL may change any of the terms and conditions
set out in the PDS at any time, where permitted to do so under law.
Changes to PDS and SPDS
As stated in the PDS, information in the PDS (and this SPDS) may change from time to time.
Where changes are materially adverse, or otherwise required by law, We will replace this PDS or
issue a further SPDS and give You notice as required or permitted by law.
3
SuperSure Insurance Plan for
Self-Managed Superannuation Funds
Product Disclosure Statement 3 May 2013
Product Issuer and Insurer
TAL Life Limited
ABN 70 050 109 450
AFSL 237848
Policy Owner
WHK Financial Planning Pty Ltd
ABN 51 060 092 631
AFSL 238244
better advice
for a better life
The simplest way to
obtain life insurance
for your SMSF
SuperSure understands that Australians are concerned with
the amount of superannuation and providing financial security
to their loved ones.
Through the SuperSure Insurance Plan, you can receive
death and Total and Permanent Disablement cover – in many
cases automatically, without medicals or time-consuming
applications.
Some unique features of the SuperSure Insurance Plan are:
•
automatic death and Total and Permanent Disablement
cover up to $750,000 without medicals;
•
the ability to increase your automatic cover at significant
times in your life via a simple process;
•
competitive insurance premiums.
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Important Information
This Product Disclosure Statement (PDS) provides important
information about the SuperSure Insurance Plan (Plan)
for Self-Managed Superannuation Funds (SMSF). The Plan
provides insurance for members of SMSFs who engage the
services of a WHK Group firm in relation to their SMSF.
Please note the following important terms used throughout
this PDS:
WHK Group includes WHK Group Limited ABN 93 006 650
693 and its related bodies corporate (as defined under the
Corporations Act 2001 (Cth)).
‘Policy’ means the insurance Policy issued by the Insurer;
A Group Life Insurance Policy (“Policy”) for death and Total
and Permanent Disablement (TPD) has been issued by TAL
Life Limited (“TAL”) to WHK Financial Planning Pty Ltd
(“WHK”) for the benefit of the WHK Group’s SMSF clients.
WHK acts as a trustee for SMSF trustee/s (“Trustees”) who
receive cover under the Policy for the benefit of their SMSF
Members.
The premium payable by the Trustees is a life insurance
premium. Trustees will be provided with a Certificate
of Insurance in their name when cover commences
which Trustees may provide to the SMSF Auditor for the
Superannuation Fund Audit requirements. The Policy terms
and conditions will be governed by the life insurance Policy
issued by TAL to WHK.
The Insurer is the issuer of this PDS and takes sole
responsibility for its content. This PDS was prepared based on
the Insurer’s interpretation of the relevant legislation as at the
date of issue. The Insurer may change any of the terms and
conditions set out in the PDS at any time where permitted to
do so under law.
TAL has outsourced the administration, promotion and
distribution of the Plan to a dedicated team at Prescott
Securities Ltd (SuperSure Administrator).
Full details of the Insurer, Policy Owner, and SuperSure
Administrator of the Plan are found below:
Insurer
Policy Owner
SuperSure
Administrator
TAL Life Limited
WHK Financial
Planning Pty Ltd
(part of WHK Group)
Prescott Securities
Ltd (member of WHK
Group)
ABN 51 060 092 631
ABN 12 096 919 603
AFSL 238244
AFSL 228894
Level 9,
473 Bourke Street
Melbourne
VIC 3000
245 Fullarton Road
Eastwood SA 5063
ABN 70 050 109 450
AFSL 237848
PO Box 142,
Milsons Point
NSW 1565
www.tal.com.au
T: 1300 791 120
E: whksupersure@
prescottsecurities.
com.au
Please send all correspondence to the SuperSure
Administrator.
Insurance under the Plan is only available to members of an
SMSF receiving the offer from a servicing WHK Group firm
who make an application within Australia. It is not an offer,
invitation or recommendation by the Insurer to purchase
cover under the Plan in any other jurisdiction. Applications
from outside Australia will not be accepted. The Insurer is also
not bound to accept any application.
‘Plan’ means the SuperSure Insurance Plan for Self-Managed
Superannuation Funds (SMSF);
‘Member’ means the member(s) of the SMSF of which You are
a Trustee or a director of a corporate Trustee;
‘You’ and ‘Your’ means the Trustee or a director of a SMSF
who participates in the Plan for SMSFs; and
‘We’, ‘Us’, ‘Our’ or ‘the Insurer’ means TAL Life Limited, the
product issuer and Insurer.
You will see that in addition to the above, there are a number
of words in this PDS which are capitalised. These words have a
particular definition when used in this PDS and the definitions
are found in section 17 under the Insurance Glossary on
pages 14–17 of this PDS. It is important that You read the
definitions carefully because their meanings are relevant
to the cover You will have the benefit of or Your decision to
apply for and keep this product.
This PDS should be read before making a decision in relation
to any insurance cover. It is intended to help You decide
whether the product will meet Your needs and may assist You
in comparing its features with other products You may be
considering.
This PDS has been prepared with the intention of providing
You with general information only about the product.
Any financial product advice contained in this PDS is of a
general nature only and has been prepared without taking
into account Your objectives, financial situation or needs.
Therefore, before making a decision, You should consider
the appropriateness of the product, having regard to Your
objectives, financial situation or needs.
Information in this PDS may change from time to time. Where
changes are materially adverse, or otherwise required by
law, We will replace this PDS or issue a supplementary PDS
and give You notice as required or permitted by law. Anyone
making the PDS available to another person must provide
them with the entire electronic file or printout. You can also
obtain a paper copy of the PDS on request without charge by
contacting Your servicing WHK Group firm or the SuperSure
Administrator.
We have a formal complaints procedure (see section 16 on
page 13 of this PDS for more information).
All parties named in the PDS have consented to be named
in the form and context in which they have been named
and have not withdrawn their consent prior to the issue of
this PDS.
This PDS is only a summary of the Policy terms. Information
about death and Total and Permanent Disablement insurance
cover is based on information contained in the Policy issued
by Us. While every effort has been made to ensure that the
contents of this PDS are consistent with the Policy, if there are
any discrepancies between this PDS and the Policy, the Policy
will prevail. We reserve the right to replace the Policy and
to alter the terms and conditions of the Policy, including the
cover and the premiums.
You may request a copy of the Policy from either Your
servicing WHK Group firm or the SuperSure Administrator.
| 3
Table of Contents
1. How it works
5
2.Insurance Benefits
6
3.Eligibility Criteria
6
4.Automatic Cover
6
5. Voluntary Cover
7
6.Option of an ‘Own Occupation’ TPD definition
8
7.Cost of Cover
8
8.Individual transfer terms –
transfer of other insurance into the Plan
9
9.Increasing Your cover due to a Life Event
9
10.Interim Accident Cover
10
11.Automatic indexation of the Sum Insured
10
12. Benefits Payable
10
13.Cessation of cover
11
14.Reduction or cancellation of cover
11
15. General Terms and Conditions
11
16.Other Important information
12
17.Insurance Glossary
14
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1. How it works
Your cover is provided under a ‘group’ life policy with TAL, Australia’s largest
specialist life insurer, that is held by WHK Financial Planning for the benefit of the
WHK Group’s SMSF clients.
TAL Life Limited
is the Insurer
WHK Financial Planning
is the Policy Owner
Your SMSF
Trustee/Member
1
Trustee/Member
2
Trustee/Member
3
Trustee/Member
4
(Insured Person)
(Insured Person)
(Insured Person)
(Insured Person)
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SuperSure Insurance Plan exclusively for WHK
2.Insurance Benefits
4. Automatic Cover
The Plan offers automatic and extra insurance cover for all
members of SMSFs which are serviced by a WHK Group firm.
The Insurance cover provided, up to the Maximum Benefit
Limit under the Plan, is as follows:
Automatic Cover is provided for all eligible trustees/members
of a SMSF using a WHK Group firm as a provider of services to
their SMSF on an automatic basis without further action from
You commencing when You first meet the Eligibility Criteria
under section 3 on page 6 of this PDS.
Type of cover
Maximum Benefit Limit
Death cover (including
Terminal Illness cover)
– providing a lump sum
payment upon death (or
Terminal Illness)
Unlimited (with Terminal
Illness cover of up to
$3,000,000)
Total and Permanent
Disablement (TPD) cover
– providing a lump sum
payment upon becoming
TPD
$3,000,000 (the amount of
TPD cover cannot be higher
than the amount of death
cover)
It is designed to provide Members with a basic level of
protection for death and TPD without the need for medicals or
applications (referred to as Underwriting).
Amount of Automatic Cover
The amount of Automatic Cover will be based on Your age
next birthday as at the day You joined the Plan according to
the table below:
Age next birthday
Automatic death and TPD
Sum Insured
16-25
$750,000
3. Eligibility Criteria
26-35
$750,000
36-55
$750,000
For You to be eligible for cover under the Plan You must:
56-60
$500,000
•
be an Australian Resident ordinarily located in Australia
when this PDS is issued to You;
61-65
$500,000
•
be a client of WHK Group where services by a WHK Group
firm are provided to Your SMSF;
•
be aged 15 to 64 for Automatic Cover or 15 to 69 for extra
cover (TPD definitions from age 65 are limited); and
•
at all times have sufficient funds which are available in
Your SMSF to pay for the cost of the insurance.
All Automatic Cover decreases for ages (next birthday) 66 to
70 according to the table below:
Age next birthday
Automatic death and TPD
Sum Insured
66*
$500,000
67*
$400,000
68*
$300,000
69*
$200,000
70*
$100,000
* TPD cover is subject to different rules (only the Activities of Daily
Living (ADL) and Permanent Loss TPD definitions apply) – see TPD
definition in Insurance Glossary for further information.
| 6
Restrictions and Exclusions applying to
Automatic Cover
The following restrictions and exclusions apply to Automatic
Cover:
•
if You are At Work on the day cover commences, a Three
Year Pre-existing Condition Exclusion will apply to Your
Automatic Cover. This means that if Your claim was due
to something You have or had in the three years prior to
Automatic Cover starting, You will not be covered;
5. Voluntary Cover
An application to vary Your cover can be made at any time by
contacting Your servicing WHK Group firm or the SuperSure
Administrator.
Any application to increase insurance cover will be subject to
Underwriting and written acceptance by Us.
As part of the Underwriting requirements, You will need to
provide Your health information. In assessing an application
to increase insurance cover, We will consider, amongst
other things, Your health condition, financial situation and
occupation. These factors will help Us determine whether or
not We will provide the cover You are applying for and, if so,
any restrictions or insurance loadings We may apply to Your
cover.
•
if, from the commencement of Your Automatic Cover,
You have been covered continuously for three years, and
You were At Work on the expiry date of the three year
period, the Three Year Pre-existing Condition Exclusion
will expire;
•
if You are not At Work on the expiry date, due to Illness or
Injury, then the exclusion will continue to apply until You
are At Work;
•
if You are not At Work on the day that cover commences,
You will have Limited Cover (You will not be covered for
anything you have or had before Automatic Cover started)
unless You undergo Underwriting and cover is accepted by
Us in writing without Limited Cover applying;
•
if, at the time Automatic Cover commences, You are
entitled to receive either a Terminal Illness or TPD
Benefit or have previously received a Terminal Illness or
TPD Benefit under this Plan, or any other life insurance
policy (whether issued by Us or any other life insurer),
then when Automatic Cover commences under this Plan,
Limited Cover applies to the Terminal Illness or TPD cover;
and
If You wish to apply for death and TPD insurance cover on
Your behalf, please contact Your servicing WHK Group firm or
the SuperSure Administrator to obtain a Personal Statement
or to arrange a tele-interview.
if the Illness or Injury which is the subject of a claim under
the Plan arose out of Your intentional self-inflicted act or
suicide or attempted suicide, no Benefit will be paid for
death during the first 13 months from the commencement
of cover or for TPD at any time.
Your answers will be assessed by Us. In some circumstances,
We may require You to provide additional medical or financial
information about You, or ask You to undergo medical testing.
Where this is the case, You will be advised of the additional
requirements.
•
If We accept Your application for voluntary cover through
Underwriting without exclusions or loadings and You have
existing Automatic Cover, Your Automatic Cover will change
to voluntary cover, and the Three Year Pre-existing Condition
Exclusion (if applicable) on Your Automatic Cover will cease to
apply effective from the commencement date of the voluntary
cover.
Application forms
Varying Your Automatic Cover
Acceptance terms of Underwritten cover
You may contact the SuperSure Administrator at any time to:
Once Underwriting is completed We will notify the SuperSure
Administrator of the outcome. The SuperSure Administrator
will then notify You to confirm one of the following in relation
to the cover You applied for:
•
apply for additional insurance cover above the Automatic
Cover level (called voluntary cover discussed in section 5
on page 7 of the PDS);
•
apply to remove the automatic Three Year Pre-existing
Condition Exclusion. This is done by way of completing an
application for cover and undergoing the Underwriting
assessment process
•
Your insurance cover has been accepted without any
special conditions;
•
a loading has been applied to Your cover in which case
You will need to provide Your written acceptance of the
loading;
•
vary Your Automatic Cover by reducing the amount of
cover or changing to death only cover;
•
•
apply to consolidate all Your insurance in one place (see
section 8 for individual transfer terms on page 9 of this
PDS);
an exclusion has been applied to Your cover in which case
You will need to provide Your written acceptance of the
exclusion; or
•
We have declined the application.
•
apply to increase Your insurance due to a Life Event (see
section 9 on page 9 of this PDS); or
Exclusions applying to Voluntary Cover
•
cancel Your Automatic Cover.
No payments will be made under Voluntary Cover if the event
giving rise to the claim is caused directly or indirectly by an
intentional, self-inflicted act or suicide or attempted suicide
(whether sane or not at the time):
•
within 13 months of the commencement or reinstatement
of the voluntary cover for death and Terminal Illness
claims;
•
at any time for TPD claims.
| 7
6.Option of an ‘Own
Occupation’ TPD
definition
If information regarding Your Occupational Classification
and/or smoking status are not available to the SuperSure
Administrator on commencement of Automatic Cover, it will
be assumed that the Occupational Classification of Heavy
Blue, and smoker status, applies. It is Your responsibility to
update Your servicing WHK Group firm or the SuperSure
Administrator of Your current Employment and smoker
classification at any time by completing the relevant form.
If You have cover for TPD, You may be able to apply to vary
Your applicable TPD definitions to an Own Occupation TPD
definition (please see the TPD definition in the Insurance
Glossary on pages 16–17 of this PDS). This is at an additional
cost.
Your insurance premium will change each year as at the
Renewal Date, based on Your age at that date.
Please contact Your servicing WHK Group firm or the
SuperSure Administrator to obtain the change of TPD
definition form.
This form will be assessed by Us, and in some circumstances,
We may require You to complete a Personal Statement.
Loadings (additional insurance costs) may apply to You
depending on Your personal circumstances. You will be
advised of any additional loadings by Us at the time of
application for voluntary cover or transfer of cover.
When You are provided with a Certificate of Insurance, You
should read it carefully. The Certificate of Insurance will show
You the first year’s premium amount or the first instalment
premium amount.
If We accept Your application to vary Your TPD definition, We
will notify the SuperSure Administrator of the outcome.
The premium amount will also include any extra amounts
charged to You when We accepted Your application or
reinstated Your cover.
However, please note that after You turn age 65, only the
Activities of Daily Living (ADL) and Permanent Loss TPD
definitions will apply.
We recommend You contact Your financial adviser to obtain
an accurate quotation for Your circumstances.
7. Cost of Cover
Your insurance premium represents the applicable cost of
Your insurance cover, the amount of which will appear on
the Certificate of Insurance issued to You by the SuperSure
Administrator.
The insurance premium will be deducted by the SuperSure
Administrator on WHK’s behalf directly from Your SMSF
nominated account, or an alternative SMSF account specified
to the SuperSure Administrator by You, at the end of each
month.
Your insurance premium of cover depends on a range of
factors, including:
If You have Automatic Cover and You provide written
notification that You wish to cease Your Automatic Cover to
the SuperSure Administrator within 30 days of the Automatic
Cover commencing, the cover will cease effective from the
cover commencement date and no premiums will be charged.
All premiums are payable by You monthly in arrears or
annually in advance, by the due date shown on Your
Certificate of Insurance (unless otherwise advised).
If You choose to pay annually in advance, rather than
monthly in arrears, a discount of 2.9 per cent will apply to the
applicable insurance premiums.
For subsequent years, the SuperSure Administrator will advise
You of Your new premium before each Renewal Date.
•
premium rates;
•
the type of cover (i.e. death only or death and TPD);
Variations in the cost of cover
•
the amount of cover;
•
Your age and gender;
•
whether or not You smoke;
We may vary the premium rates at any time. If We increase
the premium rates, You will be given 30 days’ prior notice of
the increase.
•
whether You are paying the insurance premiums monthly
in arrears or annually in advance;
•
government duties and charges;
•
Your Occupational Classification; and
•
the relevant TPD definition.
| 8
8.Individual transfer
terms – transfer
of other insurance
into the Plan
Individual transfer terms are the ability to increase Your cover
by consolidating cover You have elsewhere without the need
for full medical Underwriting.
You may apply to transfer Your insurance cover from within
another superannuation fund or that is with another insurer
(separate to the Plan) into the Plan via a simplified application
process by completing the SuperSure Transfer Form.
To be eligible to transfer Your existing cover into the Plan at
the date of Our acceptance of the transfer:
•
You cannot transfer any of Your non-SuperSure insurance
to any superannuation fund or individual insurer other
than SuperSure;
•
Your acceptance of all other conditions of cover required
by Us; and
•
transferred cover is subject to acceptance by Us.
9.Increasing Your
cover due to a Life
Event
Life Events cover gives You the option to increase Your cover
if:
•
You marry;
•
Your child is born;
•
You must be under age 60;
•
You adopt a child;
•
a maximum level of transferred cover of $1,500,000 for
death only or death and TPD;
•
Your child starts secondary school; or
•
You take out a new mortgage to purchase Your primary
residence, or increase an existing mortgage to renovate
Your primary residence;
•
total cover after the transfer cannot be greater than
$3,000,000 for death only or death and TPD;
•
the same or equivalent insurance loadings, restrictions,
exclusions and limitations that applied under the previous
insurance policy for Your other insurance, as agreed by
Us;
•
the terms and conditions set by Us for Your cover
transferred to the Plan (refer to the insurance transfer
form) will apply;
•
You must not be engaged in a Hazardous Occupation;
•
You must be At Work and be not prevented by Illness
or Injury to perform all of the duties of Your usual
occupation on a full-time basis (for at least 30 hours per
week) even if Your actual Employment may be full-time,
part-time or casual;
•
•
You must not have been diagnosed with, or must not
suffer from, an Illness that may cause a Terminal Illness or
permanent inability to work;
You must not have had an application for death, total
and permanent disablement or income protection cover
declined or offered on alternate terms; and not have
previously been paid, are not eligible to be paid, have not
claimed, and are not eligible to claim or in the process of
claiming, for an Illness or Injury through the Plan, Workers’
Compensation, other Government benefits (including
sickness benefits and invalid pensions) or any insurance
policy providing total and permanent disablement, income
protection, accident or sickness cover.
The transfer of Your existing insurance is subject to
acceptance by Us and the following requirements must be met
in addition to the eligibility requirements under section 3 on
page 6 of this PDS:
•
You must cancel their non-SuperSure insurance
immediately after the date of acceptance of the transfer;
•
You cannot exercise any continuation option or reinstate
any cover under the insurance policy for their nonSuperSure insurance;
without the need for full medical Underwriting.
You may apply within 60 days after the occurrence of a Life
Event to increase Your existing death only or death and TPD
cover via a simplified application process by completing the
SuperSure Life Events Insurance Application form.
Any increase is subject to acceptance by Us and to be eligible
to apply for an increase in cover due to a Life Event, You must,
at the date of Our acceptance of the increase:
•
be under age 60;
•
apply for a maximum increase that will be the lesser of
25% of the Sum Insured and $200,000;
•
not be working in a Hazardous Occupation;
•
not have been accepted for a Life Event insurance
increase (whether for the same type of Life Event or not)
in the 12 months prior to the acceptance date;
•
be At Work and not prevented by Illness or Injury from
performing all of the duties of Your usual occupation on
a full-time basis (for at least 30 hours per week) even if
Your actual Employment may be full-time, part-time or
casual;
•
not have been diagnosed with, or do not suffer from, an
Illness that may cause a Terminal Illness or permanent
inability to work;
•
not have had an application for death, total and
permanent disablement or income protection cover
declined or offered on alternate terms; and
•
not have previously been paid, are not eligible to be paid,
have not claimed, and are not eligible to claim or in the
process of claiming, for an Illness or Injury through the
Plan, Workers’ Compensation, other Government benefits
(such as sickness benefits, and, but not restricted to
invalid pensions) or any insurance policy providing total
and permanent disablement, income protection, accident
or sickness cover (whether with Us or any other life
insurer).
| 9
10.Interim Accident
Cover
If You apply for voluntary cover or an increase to Your existing
insurance cover (other than through Life Events or individual
transfer terms), You may be entitled to Interim Accident Cover
for the type and amount of cover You have applied for, subject
to the terms and conditions of the Policy.
You may be entitled to a Benefit upon death or TPD, if such
event:
•
is caused solely and directly by an Accident, and
independently of any other cause; and
•
occurs within 365 days of the Accident.
Commencement of Interim Accident Cover
If You are eligible, Interim Accident Cover commences from
the date Your fully completed insurance application and
Member’s Personal Statement form are received by Us.
Amount of Interim Accident Cover
For death and TPD cover, the amount of cover provided under
the Interim Accident Cover is the lesser of:
•
the amount applied for; and
•
$750,000 less any existing cover under the Policy.
Exclusions that apply to Interim Accident
Cover
Interim Accident Cover is not payable for death or TPD if:
•
the claim is due to a Pre-existing Condition;
•
the claim is due to any event or condition We would have
excluded or placed a limitation on the cover being applied
for had full Underwriting been completed;
•
We would have declined Your application for cover had full
Underwriting been completed;
•
the claim arose out of Your intentional self-inflicted act,
suicide or attempted suicide; or
•
You failed to comply with Your disclosure obligations
when applying for cover.
Cessation of Interim Accident Cover
The Interim Accident Cover ceases on the earliest of:
•
90 days from the date We receive Your fully completed
Personal Statement;
•
the date that We accept or decline Your application;
•
the date of Your written acceptance of Our conditional
offer for Your cover;
•
the earlier of the date the SuperSure Administrator or
Us receives Your written notification withdrawing Your
application;
•
the termination of all cover(s) under the Policy;
•
the date Your Interim Accident Cover has ceased; or
•
the date You cease to be an Eligible Person.
11.Automatic
indexation of the
Sum Insured
To ensure Your level of cover remains in line with inflation,
Your Sum Insured will be automatically increased each
Renewal Date by five per cent or by the percentage increase
of the Consumer Price Index (CPI) – whichever is less and
premiums will increase accordingly.
12. Benefits Payable
Any Benefit payable whilst You are covered will be subject to
the terms and conditions of the Policy. The amount payable
will be the lesser of:
•
Automatic Cover plus any voluntary cover; and
•
the Maximum Benefit Limit (see section 2 Insured Benefits
on page 6 of this PDS).
Payment of a death Benefit
If You die while covered under the Policy, We will pay Your
Sum Insured for death calculated as at the date of Your death.
When We become liable to pay a death Benefit, all cover
ceases.
Payment of a Terminal Illness Benefit
If You become Terminally Ill while covered under the Policy,
We will pay a Terminal Illness Benefit equal to the amount of
death cover, subject to the Maximum Benefit Limit, applicable
at the date You are certified as suffering from a Terminal
Illness. When We become liable to pay a Terminal Illness
Benefit, all cover ceases if Your Terminal Illness Benefit is
equal to the amount of death cover. If the amount of death
cover exceeds Your Terminal Illness cover, the difference will
continue as death only cover provided You continue to pay
Your premiums and meet the other terms and conditions of
the Policy.
Payment of a TPD Benefit
If You become TPD while covered under the Policy, We will
pay You the Sum Insured for TPD calculated as at the Date of
Disablement. When We become liable to pay a TPD Benefit:
•
all cover ceases if TPD cover is equal to Your death cover;
or
•
if the amount of death cover exceeds Your TPD cover, the
difference will continue as death only cover provided You
continue to pay Your premiums and meet the other terms
and conditions of the Policy.
| 10
Claims
In the event of a claim, claim forms can be accessed from,
and submitted to, the SuperSure Administrator as soon as
reasonably possible after the occurrence of the event giving
rise to the claim. Either the SuperSure Administrator or We
may request any information We may reasonably require for
the purposes of considering the claim. In the case of TPD, You
may be required to undergo medical examinations or tests.
Cost for claims
You are responsible for any costs associated with completing
and providing Your claim forms and associated documents
that We may reasonably require for the assessment of a claim.
You may also be asked to provide, at Your expense, other
evidence that We may reasonably require to substantiate Your
claim.
We may require You to undergo an examination by a Medical
Practitioner or other relevant professional of Our choice at
Our expense. However, if You fail to attend any pre-arranged
medical examination or provide insufficient notice of an
inability to attend, You will be liable to pay any fees incurred.
14.Reduction or
cancellation of
cover
You may reduce or cancel Your insurance at any time by
giving notice in writing to the SuperSure Administrator. Any
reduction or cancellation of cover will be effective from the
date that the SuperSure Administrator receives Your written
advice that Your cover is to reduce or cease.
15.General Terms
and Conditions
Worldwide cover
Overseas claims
If You make a claim while You are outside Australia, We may
require You to return to Australia at Your expense for the
assessment of any claim.
Cover applies 24 hours a day, 7 days a week anywhere in the
world, provided that sufficient contributions are made to
cover the insurance premiums and other relevant terms and
conditions of the Policy are met.
Cover whilst on leave without pay
13. Cessation of cover
Your cover ceases on the earliest of:
•
the date the Policy is terminated;
•
the date You cease to be an Eligible Person;
•
the date the SuperSure Administrator receives Your
written notification to cancel Your cover;
•
the expiry of the three year period as outlined in the
‘Employment overseas cover’ section under clause 15;
•
the date You do not satisfy the definition of an Insured
Person under the Policy;
•
the date We pay the total insured Benefit under the Policy;
•
the date You attain age 70;
•
30 days after the end of the month during which Your
account balance had insufficient funds to meet the
required insurance cost; or
•
the date of Your death.
While on employer approved leave without pay (including
maternity leave and parental leave), and provided premiums
continue to be paid and You remain an Eligible Person and
meet the other terms and conditions of the Policy:
•
death cover will continue subject to section 13 on page 11
of this PDS; and
•
TPD cover will continue. However:
–for the first 24 months of leave without pay or up
to the expiry of employer approved unpaid leave
(whichever is shorter), and, in the event that You
submit a claim, You will have Your claim assessed in
accordance with the TPD definition that applied to
You immediately before the leave;
otherwise
–only the Permanent Loss or Activities of Daily Living
definitions of TPD will apply.
You do not need to notify the SuperSure Administrator of
this leave.
Employment overseas cover
The Plan provides insurance for
members of SMSFs who engage
the services of a WHK Group firm
in relation to their SMSF.
If You are an Insured Person, temporarily residing and
Gainfully Employed overseas, cover can continue under
the Policy while You reside overseas for up to three years,
provided premiums continue to be paid and meet the other
terms and conditions of the Policy. After the expiry of the
three year period, Your cover under the Policy ceases unless
this period has been extended with Our prior written approval,
i.e. before the expiry of the three year period.
| 11
16.Other Important
information
Risks associated with insurance
There are a number of risks associated with insurance
that You should be aware of. These include a risk that
the insurance cover will cease if Your account balance is
insufficient to meet the cost of premiums and the risk that
the level of insurance cover is not adequate in the event of
Your death, Injury or Illness. There is also a risk that We could
refuse to pay the insured benefit if You do not comply with
Your duty of disclosure or any other requirements under the
Policy or the relevant legislation.
Lapse and reinstatement
If Your cover lapses, You may apply to reinstate cover, subject
to Our acceptance, upon supplying such proof as We may
require of Your:
•
continued good health;
•
eligibility for insurance; and
•
payment of the unpaid premium as determined by Us and
notified to You by the SuperSure Administrator.
The Policy may be cancelled by Us in accordance with the
terms of the Policy and provisions of the Life Insurance Act
1995 (Cth) or any other relevant legislation.
Inability to obtain an increase in cover
You may not be able to obtain an increase in cover because
of Your health or other circumstances, now, or in the future.
You should therefore ensure You do not allow Your existing
cover to lapse or to be cancelled until new insurance cover is
in place.
Cooling Off Period
A 30 day cooling off period applies to Your Automatic Cover.
The cooling off period commences from the date Your
Automatic Cover commences. If You are not satisfied with
the Benefits provided, then You may request the SuperSure
Administrator to cancel Your cover in writing within 30 days
of the date Your initial cover commenced. Any premiums You
have paid will be refunded.
Taxation
The tax implications of insurance Benefits and premiums
under non-superannuation and superannuation policies will
differ depending on individual circumstances and You should
always consider all potential taxation consequences that will
apply to the premiums and Benefit payments under any group
life insurance policy.
Your specific circumstances may be different and have
not been taken into account in providing this information.
Therefore, it is important that You seek professional and
independent taxation advice specific to Your circumstance
regarding any taxation implications of purchasing a group life
insurance policy.
Duty of Disclosure
Before entering into a contract of life insurance with Us, an
Insured Person has a duty under the Insurance Contracts Act
1984 (Cth), to disclose to Us every matter that they know, or
could reasonably be expected to know, that may be relevant to
Our decision whether to accept the risk of insurance and, if so,
on what terms.
You have the same duty to disclose those matters to Us before
You extend, vary or reinstate a contract of life insurance. Your
duty however, does not require disclosure of a matter:
•
that diminishes the risk to be undertaken by Us;
•
that is of common knowledge;
•
that We know or, in the ordinary course of Our business,
ought to know; or
•
the disclosure of which is waived by Us.
The duty of disclosure applies even after Your application for
cover is completed until Our acceptance of insurance is issued
in writing.
If You fail to comply with Your duty of disclosure and We
would not have entered into the contract on any terms if the
failure had not occurred, We may avoid the contract within
three years of entering into it.
If Your non-disclosure is fraudulent, We may avoid the
contract at any time. If We are entitled to avoid a contract
of life insurance, We may, within three years of entering into
it, elect not to avoid it but to reduce the sum that You have
been insured for in accordance with a formula that takes into
account the premium that would have been payable if You had
disclosed all relevant matters to Us.
Cancelling Your cover
You are allowed to cancel Your cover under the Policy at any
time. There is no refund of premiums unless Your written
request to cancel Your cover is within the cooling off period.
| 12
Privacy
Notices
The way in which We, WHK Group, or the SuperSure
Administrator, collect, use, and disclose Your personal and
sensitive information is explained in our respective Privacy
Policies. These are available at http://www.tal.com.au/
privacy.aspx and http://www.whk.com.au/images/stories/
whk_aus-privacypolicy.pdf and are free of charge on request.
If You would like a copy, or if You have any questions about
the way in which We manage Your information, please
contact Us using the details below:
Any notice that We give to You or You give to Us, must be:
TAL Privacy Officer
TAL Life Limited
PO Box 142
Milsons Point NSW 1565
WHK Group Privacy Officer
WHK Group Limited
Level 9, 473 Bourke Street
Melbourne VIC 3000
Personal and sensitive information will be collected from or
in respect of You to enable Us to provide or arrange for the
provision of insurance products and services. We may request
further personal information in the future, for example, if
You want to make a claim. If You do not supply the required
information, We may not be able to assess or pay the claim.
In processing and administering Your insurance (including
at the time of Underwriting or claim) We may disclose Your
personal information to other parties such as reinsurers,
organisations to whom We outsource mailing and information
technology, Government regulatory bodies, superannuation
funds, administrators for superannuation funds, employers
of individual members, Our related bodies corporate, and
accountants (if applicable). We may also disclose Your
personal information (including health information) to other
bodies such as investigators, lawyers, external complaints
resolution bodies and as required by law. We rely on the
accuracy of the information You provide. If You think that
We hold information about You that is incorrect, You may
contact Us.
Under the Australian Privacy Principles, You are generally
entitled to access the personal information We hold about
You. To access that information, You can simply make a
request in writing. This process enables Us to confirm Your
identity for security reasons and assists in protecting Your
personal information from being sought by a person other
than You.
•
in writing, by email or facsimile; and
•
to the address most recently advised by You or Us, as
relevant.
A notice which is delivered personally, electronically (email)
or sent by facsimile is treated as being given on the day it was
received and a notice which is posted is treated as being given
three days from the date of posting.
If You advise Us that You have appointed an agent or broker
to act on Your behalf in respect of the Policy, We will give
notices to that person, including premium notices, and they
will be deemed to have been given to You. Any notice provided
to Us by an agent or broker purporting to act on Your behalf
will be deemed to have been given by You.
Complaints
If You have a complaint in relation to the Policy, You can write to:
Prescott Securities Ltd
245 Fullarton Road
Eastwood SA 5063
We will attempt to resolve Your complaint within 45 days of
the date it is received by Us. If We are unable to resolve Your
complaint within that period, We will inform You of the delay
and ask for Your consent to resolve the complaint within 90
days of the date it was received.
If Your complaint has not been resolved to Your satisfaction
within 45 days of receiving Your initial complaint to Us (or,
if You have agreed, within 90 days) You may contact the
Financial Ombudsman Service (FOS). FOS is an industry
funded scheme that provides free advice and assistance
to consumers with complaints against financial services
companies. FOS is an independent and impartial body.
Decisions made by FOS are binding on Us. FOS can be
contacted as follows:
Financial Ombudsman Service (FOS)
GPO Box 3
Melbourne VIC 3001
Telephone: 1300 780 808
Fax: (03) 9613 6399
Email: info@fos.org.au
If for any reason We decline Your request to access and/or
update Your information, We will provide You with details of
that reason.
| 13
17. Insurance
Glossary
Insurance
terms
Definition
Accident
means an unforeseen violent, external and
visible event that occurs accidentally during
the period of cover under the Policy.
At Work
means;
1.
for a person who is:
•
employed with an employer: the person
is actively performing or capable of
actively performing all of the duties and
work hours (for at least 30 hours per
week) of their usual occupation with
their employer free from any limitation
due to Illness or Injury. A person who is
on employer approved leave for reasons
other than Illness or Injury, who would
otherwise be capable of performing their
usual occupation, will be considered
as having met the requirements of this
definition; or
•Self-employed: the person is actively
performing or capable of actively
performing all of the duties and work
hours (for at least 30 hours per week)
of their usual occupation free from any
limitation due to Illness or Injury; or
•
unemployed: is capable of actively
performing all of the duties and work
hours (for at least 30 hours per week) of
their usual occupation prior to becoming
unemployed, free from any limitation
due to Illness or Injury; or
•
engaged exclusively in unpaid Domestic
Duties: the person is actively performing
or capable of performing all of their fulltime unpaid Domestic Duties free from
any limitation due to Illness or Injury;
Benefit
•
•Terminal Illness;
as provided under the terms and conditions
of the Policy.
Certificate of
Insurance
means a certificate issued to You, by the
SuperSure Administrator on behalf of TAL
that is used to confirm Your insurance
coverage and beneficial ownership thereof,
including, but not limited to, the effective
date, type and amount of cover, and any
exclusions or loadings that may apply.
Consumer
Price Index
(CPI)
means the percentage change in the CPI
(Weighted Average All Capital Cities) as
last published by the Australian Bureau of
Statistics prior to the effective date of the
calculation under the Policy.
If the CPI is no longer published, We will use
another index similar to it.
If the percentage change in the CPI, or any
substitute for it is negative, then the CPI will
be taken as zero.
Date of
Disablement
Automatic
Cover
means cover provided automatically to all
eligible new and existing clients of WHK
Group where services by a WHK Group firm
are provided to those client’s SMSF for the
benefit of members of the SMSF.
means the later of the following:
a)the date an Insured Person is first
certified in writing by a Medical
Practitioner as being TPD; and
b)the date the Insured Person ceases
work due to the Illness or Injury that
caused TPD.
Where a Medical Practitioner examines
and gives a written certification under a)
and that certification date occurs within
seven days after the date the Insured
Person ceased work under b), the Date of
Disablement will be the earlier date that the
Insured Person ceased work under b).
Domestic
Duties
2. the person is not entitled to, or
receiving, income support benefits
relating to Illness or Injury, from any
source including but not limited to
Workers’ Compensation benefits,
statutory transport accident benefits
and disability income benefits.
means an Australian citizen or a person who
is the holder of an Australian permanent
visa within the meaning of Section 30 of
the Migration Act 1958 (Cth) or resides in
Australia on a 457 working visa.
death;
•TPD; or
and
Australian
Resident
means any of the following:
means the unpaid tasks performed by an
Insured Person whose sole occupation is to
maintain their family home, including:
•
cooking of meals for their family;
•
unassisted cleaning of the home;
•
shopping for their family’s food;
•
doing their family’s laundry; and
•
taking care of dependent children (if
applicable);
but excludes any tasks performed for salary,
reward or profit.
Eligible
Person
means:
•a person who meets the Eligibility
Criteria in section 3 on page 6; or
•a person that We have agreed in writing
to insure under the Policy.
Employed or
Employment
means Employed or Self-employed for gain
or reward, or in the expectation of economic
benefit.
Gainfully
Employed
means working for reward in an occupation
(which can include a contract for services)
without restriction due to Illness or Injury.
| 14
Hazardous
Occupation
means occupations that include unskilled
workers, those involved in hazardous or
very heavy manual work and/or presenting
particular Underwriting difficulties (e.g.
professional divers, interstate truck drivers,
linesmen working over 10 metres, those
performing unpaid Domestic Duties).
If an Insured Person is in a Hazardous
Occupation and has Automatic Cover, they
will have their TPD definitions restricted
to Activities of Daily Living and Permanent
Loss definitions of the TPD definition
outlined below for TPD cover.
Maximum
Benefit Limit
means the maximum amount of cover
an Insured Person can apply for and the
maximum amount of Benefit an Insured
Person is entitled to be paid under the
Policy, as specified in section 2 on page 6 of
this PDS.
Medical
Practitioner
means a Medical Practitioner legally
qualified and registered to practise in
Australia who is not the Insured Person,
Policy Owner, or their relatives, business
partners, shareholders, employers or
employees, unless We agree otherwise.
Chiropractors, physiotherapists,
psychologists, and alternative therapy
providers are not regarded as Medical
Practitioners.
Insured Persons engaged in unpaid Domestic
Duties at the time of claim will have the
Domestic Duties TPD Definition (iv) (see
below) apply.
Underwritten cover will be individually
considered.
Illness
means sickness, disease or disorder.
Injury
means bodily Injury which is caused
solely and directly by external, violent or
Accidental means and is independent of any
other cause.
Insured
Person
an Eligible Person for whom We have
accepted in writing to provide insurance
cover under the Policy, excluding persons
who are only entitled to Interim Accident
Cover under the Policy.
Insurer
TAL Life Limited ABN 70 050 109 450
(AFSL 237848)
Interim
Accident
Cover
means insurance cover provided under the
Policy, while an application for additional
cover is being assessed by Us, as outlined in
section 10 on page 10 of this PDS.
Life Event
means one of the following events that
occurs to the Insured Person for which We
may provide additional cover to the Insured
Person under the Policy:
•an Insured Person’s marriage;
•birth of an Insured Person’s child;
•adoption of a child by an Insured
Person;
•an Insured Person’s dependent child
starts secondary school; and/or
•taking out a new mortgage by an
Insured Person to purchase their
primary residence, or increase an
existing mortgage by an Insured Person
to renovate their primary residence.
Limited Cover
means the Insured Person is only covered
for claims arising from:
a)an Illness which first became apparent;
or
b)an Injury which first occurred;
on or after the date the insured cover last
commenced, recommenced or increased for
the insured member, as applicable.
NonHazardous
Occupation
means an occupation that is not a
Hazardous Occupation.
Occupational
Classification
means the following Occupational
Classifications:
•Professional: Occupations that
involve no manual duties (e.g. lawyer,
accountant). Usually those with a
tertiary qualification or registration by
a professional body (they must be using
these qualifications in their occupation).
Includes those well-established senior
executives (those with 10 or more years
in that role) with incomes in excess of
$150,000 per annum, without tertiary
qualifications.
•White Collar: Clerical, administration
and managerial occupations involving
office and travel duties. No manual
work (e.g. administrator, bookkeeper, computer operator). Includes
occupations with tertiary qualifications
that involve very light physical work
(e.g. osteopath, physiotherapist).
•Light Blue Collar: Occupations that
involve light manual work, such as
certain qualified tradespeople (e.g.
electrician), business owners in nonhazardous industries involved in light
manual work (e.g. coffee shop owner)
and those who may supervise medium
blue collar workers (no more than
25% of their work time). Includes
occupations that are not limited to
office, where travel is an essential part
of the job (e.g. field surveyor).
•Medium Blue Collar: Occupations that
involve manual work, such as qualified
skilled tradespeople in non-hazardous
industries wholly involved in manual
duties (e.g. carpenter, plumber, plasterer,
mechanic).
•Heavy Blue Collar: Occupations that
involve heavy manual work, such as
heavy manual workers in non-hazardous
industry performing higher risk
occupations (e.g. interstate bus driver,
warehouse worker, labourer, bricklayer,
house removalist).
| 15
Our underwriters will consider the specific
job duties (including whether they are
classifiable as a Hazardous Occupation),
length of time in a particular occupation
and income levels when considering the
Occupational Classification.
Own
Occupation
TPD
SuperSure
Administrator
Prescott Securities Ltd (ABN 12 096 919 603
AFSL 228894).
Terminal
Illness,
Terminally Ill
means:
means solely because of Illness or Injury,
has for at least six consecutive months from
the Date of Disablement been absent from
their Employment or has been continuously
unable to accept Employment, and having
provided proof to Our satisfaction, is
disabled to such an extent as to render them
unlikely to ever again be engaged in their
Own Occupation.
‘Own Occupation’ means the occupation
in which the Insured Person has spent
the majority of their time undertaking
immediately prior to the Date of
Disablement.
Is only available to white collar, professional
Occupational Classifications only for an
additional cost.
a)two Medical Practitioners have certified
in writing, that the Insured Person
suffers from an Illness, or has sustained
an Injury, that is likely to result in the
death of the Insured Person within
a period (‘the certification period’)
within 12 months after the date of the
certification;
b)at least one of the registered Medical
Practitioners is a Specialist Medical
Practitioner; and
c)for each of the certificates, the 12
months certification period has not
expired.
Three Year
Pre-existing
Condition
Exclusion
A Pre-existing Condition Exclusion applies
if Your cause of claim is due to something
You have or had in the three years prior to
automatic cover commencement or cover
recommencement, You will not be covered.
Totally and
Permanently
Disabled or
Total and
Permanent
Disablement
(TPD)
means a Benefit payable under the Policy
when the Insured Person meets any one of
the following definitions of TPD applicable to
him or her. The definition of TPD applicable
to an Insured Person with TPD cover will
be determined by Us at the time of claim in
accordance with the following criteria:
Personal
Statement
means an application form issued by Us
for the purpose of Underwriting an Eligible
Person for insurance cover.
Policy
means the Policy document including its
schedules, and any Policy endorsements, as
amended from time to time.
Policy Owner
WHK Financial Planning Pty Ltd
(ABN 51 060 092 631 AFSL 238244)
a)all Insured Persons with TPD cover are
covered under definitions (i) or (iii)
below;
Pre-existing
Condition
means any existing Injury or Illness, or a
symptom of an Injury or Illness, suffered or
sustained by an Eligible Person which at the
time of their application for cover under the
Policy, they:
b)definition (ii) applies to Insured
Persons who are under age 65 and
have not retired from the workforce
and, immediately prior to the Date of
Disablement, are Gainfully Employed
in a Non-Hazardous Occupation and
working at least 15 hours per week;
a)were aware of, or a reasonable person
in their position should have been aware
of; or
b)should have sought advice or treatment
(conventional or alternative) from
a Medical Practitioner or other
allied health professional for (in
circumstances where a reasonable
person in their position would have
sought advice or treatment); or
c)had a medical consultation for or were
prescribed medication or therapy for.
c)definition (iv) applies to Insured Persons
who, immediately prior to the Date of
Disablement, are under age 65 and
solely engaged in unpaid Domestic
Duties on a full-time basis.
‘Hours per week’ means the hours worked
in a week (including weekends) whilst
Employed, averaged over the 13 week
period immediately prior to the Date of
Disablement or such shorter period if
Employed for less than 13 weeks immediately
prior to the Date of Disablement.
Renewal Date
means 1 September each year.
Selfemployed
means the Insured Person is performing
activities for remuneration or reward in a
business of which they directly or indirectly
own all or part.
TPD means in Our opinion the Insured
Person is under the care of and following the
advice of a Medical Practitioner, and;
Specialist
Medical
Practitioner
means a Medical Practitioner practicing
in an area related to the Illness or Injury
suffered by an Insured Person.
Solely because of Illness or Injury, has
suffered the permanent loss of:
Sum Insured
means the amount of cover determined by
Us for an Insured Person’s Benefit(s), which
is in accordance with the tables found under
section 4 on page 6 of this PDS, or as agreed
by Us in writing.
(i)Permanent Loss
a)the use of two limbs (where limb
is defined as the whole hand or
the whole foot);
b)the sight in both eyes; or
c)the use of one limb and the sight
in one eye;
or
| 16
(ii)Unlikely to work, Any Occupation
Solely because of Illness or Injury, has,
for at least six consecutive months
from the Date of Disablement, been
absent from their Employment or has
been continuously unable to accept
Employment, and having provided
proof to Our satisfaction, is disabled
to such an extent as to render them
unlikely to ever again be engaged in
any occupation for which they are
reasonably suited by their education,
training or experience;
Underwriting
or
Underwritten
means the process We undertake to assess
an application by an Eligible Person for
insurance cover including reference to
information concerning their medical, health
and Employment.
Voluntary
Cover
means cover provided as a result of
an application, including reference to
information concerning their medical, health
and employment, made by You and accepted
by Us.
or
(iii)Activities of Daily Living
Solely because of Illness or Injury, at the
Date of Disablement is:
1.unlikely ever to be able to perform
at least two of the following five
‘activities of daily living’ without
the physical assistance of another
person and despite the use of
appropriate assistive aids, and
has provided proof of this to Our
satisfaction:
a) Bathing – to shower or bathe;
b)Dressing – to dress or undress;
c)Toileting – to use the toilet;
d) Feeding – to eat and drink; or
e)Mobility – to get in and out of
bed or chair or move from a
place to place without using a
wheelchair; and
2.unlikely ever to return to any
occupation for which they are
reasonably suited by their education,
training or experience.
or
(iv)Domestic Duties
Solely because of Illness or Injury:
1.is unable to perform Domestic
Duties on a full-time basis;
2.is unable to leave their home
unaided;
3.has not been engaged in any Gainful
Employment or Domestic Duties for
six consecutive months from the
Date of Disablement; and
4.at the end of six month period, is
disabled to an extent as to render
them unlikely to ever be engaged in
Domestic Duties or any occupation
for which he or she is reasonably
suited by their education, training or
experience.
Automatic Cover is provided for
all eligible trustees/members
of an SMSF using a WHK Group
firm as a provider of services to
their SMSF.
It is designed to provide You with
a basic level of protection for
death and TPD without the need
for Underwriting.
| 17
www.whk.com.au
Product Issuer and Insurer
TAL Life Limited
ABN 70 050 109 450
AFSL 237848
Policy Owner
WHK Financial Planning Pty Ltd
ABN 51 060 092 631
AFSL 238244