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Life Insurance Products

Life Cover

Pays a lump sum benefit amount to your beneficiaries if you die or you are diagnosed as being terminally ill

Total & Permanent Disability
Cover (TPD)

Pays a lump sum benefit should you become totally & permanently disabled as a result of sickness or injury & are unlikely to work again.

Income Protection

Pays a monthly benefit amount should you become disabled as a result of sickness or injury. 

Trauma Cover

Pays a lump sum amount if you are diagnosed with one of a number of specified serious conditions such as cancer, stroke, heart attack etc.

Child Cover

Pays a lump sum benefit amount should your child suffer a specified serious condition, becomes terminally ill or dies. 

Accident Cover

Pays a lump sum under Life & TPD Cover or an ongoing monthly benefit under Income Protection if you suffer an illness, injury or pass away from an accident.

The Life Insurance Process

Initial Appointment

To schedule an appointment.

Call 1800 85 1970 or email ben@precisemortgage.com.au

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1

The Appointmnet - Getting started.

We begin with an explanation of three compliance documents. Among other things, they contain detailed information relating to:

  • Our Qualification & type of advice.

  • Our dealer group.

  • Your obligations etc..

Before moving forward it’s important to understand them so we’re happy to answer any questions. They are:

  • The Financial Services Guide

  • Insurance Disclosure Warning

  • The Client Information Form

2

Tailoring your own cover.

In this phase we give you all of the factual information you need.

Information relating to:

  • The types of available cover

  • The built-in benefits &

  • Any optional extras according to the relevant Product Disclosure Statement.

This allows you to make your own informed decision as to the type/s and level of cover that best suits your own needs and objectives.

3

Final Quote & Online Application

Once cover is built we will:

  • produce a quote, make any requested changes before providing a final quote which is subject to approval by the insurer.

  • upon acceptance of the quote we'll give you a Product Discloser Statement and ask you to complete a Client Acceptance Authority.

  • complete and submit an online application to the insurer.

4

Assessing the application

Once received the application will be checked. If completed properly it’s transferred to the Underwriting team where a full assessment is made.

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While some cases can be approved quickly, others, where additional information is requested take longer.

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Once they have everything they need a decision is made.

  • If approved, confirmation of cover is sent to the applicant

 

  • If declined, they may offer accidental cover .

5

General Advice Warning

As an Authorised Representative of OASIS Insurance Pty Ltd, Precise Mortgage is authorised to give General Advice only.

We are unable to take into account any of your financial or personal information. You will need to decide on the level of cover you require, and whether the product is suitable for your objectives, financial situation or needs.

If you require any further information before making your decision, please refer to the Product Disclosure Statement (PDS)
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ASIC Authorised Representative 000299992 of Oasis Insurance Pty Ltd AFSL No: 293770

Address 5/4 Columbia Court Norwest NSW 2153

How much cover is enough?

To help you work out how much cover you need, Moneysmart, a service provided by the Australian Securities & Investments Commission (ASIC), part of the Australian Government provides calculators and impartial guidance on steps to consider to improve your personal finances.

To access this valuable service, click on the following link.

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