Apply to have it paid early.
If you’re diagnosed with a terminal illness.
If you die, the chances are your loved ones will need help and protection from financial strain. This insurance helps them manage ongoing expenses and is a powerful way to show you care.
Survivor’s income cover can be taken out by itself or combined with other insurance like Life cover. If taken together, they give a powerful combination of a lump-sum cash payment and ongoing income.
Every family has plans – and your family can keep going with these plans if they have support for things like the mortgage, debts and expenses. It’s flexible too. If you get married or have a baby for example, you could increase the value of your cover any time before the age of 55 without needing to give us medical evidence. (check out the Survivors income info sheet for details as there are a few conditions).
Alternatively, you can increase your cover at any time up to age 75, but we may need to do health and financial checks.)
You pay an amount of money (called a ‘premium’) for a policy. The policy is a contract so you know exactly what we’ll pay out for. As long as you keep paying for your insurance with us, and the policy terms and conditions have been met, we’ll pay out for everything we agreed.
You can apply to have the insurance paid out early if you’re diagnosed with a terminal illness (generally meaning you would have less than 12 months left to live).
Visit our easy-to-read and plain-English life insurance 101 guide, to help you learn about what protection you might need.
Discover more.We’ve compiled a list of the most commonly asked questions about this cover.
For a good overview of the ins and outs, it’s worth reading the info sheet.
Yes - you’ll need to be between 16 and 75 if you want this cover
We recommend talking to your adviser
You can choose e.g. a set amount for a minimum period of time or until a certain age. The minimum monthly benefit starts at $500 to a maximum of $50,000 depending on what you choose, subject to financial and medical underwriting.
You can pay fortnightly, monthly or annually – whatever works best with your budget.
You can access your survivors benefit early if you’re diagnosed with a terminal illness and given less than year to live. Alternatively you could look at adding TPD or trauma covers.
There are certain events where you can increase your monthly benefit without the need for more medical evidence. These include when you get married or enter a civil union, have kids, take out a mortgage, or reach a certain milestone age (e.g. 25, 30, 35, 40 and 45). Take a look at the info sheet for the full list of these events. Some limits will apply.
It’s easy! Drop us a line and an adviser will get hold of you for a no-obligation chat.
Get started.* Fidelity Life has an A- (Excellent) financial strength rating from A.M. Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit Fidelity Life's financial strength page.
Disclaimer – the information contained in this webpage is a summary of the key points of this insurance policy and is general in nature. It is not, and is not intended to be, a policy document.
Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the full policy documentation which is available from your financial adviser. Please refer to current policy documents for specific details. This webpage does not provide a personalised financial advice service.