My Lifestyle
1 Australian dies every 10 minutes from cardiovascular disease.                     Income protection with the Lifestyle_ Protection Plan is designed to pay the income protection benefit you select if you can't work due to injury or illness.                     Select between $100,000 and $750,000 for life protection.                     An application for the Lifestyle_ Protection Plan can be completed in 15 minutes as part of your home financing interview.                     Income protection benefits under LPP accrue from the 1st day of illness or injury.                     It's estimated that a full time worker on average earnings with young children needs $500,000 to $650,000 in life protection.                     The average Aussie family needs 38% of their income to pay loan repayments. Income protection can help you keep up with your mortgage repayments if you’re sick or injured!                     Lifestyle_ can offer you protection for your life and income that can be finalised in a matter of minutes. Talk to your mortgage broker today!                     Apply for up to $3,000 in income protection without proof of income.                     You don't need to have a medical examination to buy the Lifestyle_ Protection Plan.                     For every home lost through fire, there are 52 lost through either death or sickness or accident.                     As a general rule, any life benefit paid will not be subject to income tax.                     You may select between $1,000 and $5,000 per month in income protection.                     1 in 4 women will suffer a disability between the ages of 35 and 65 that leaves them unable to work for 6 months.                     The Lifestyle_ Protection Plan is issued by TOWER Australia Limited.                     Select between $100,000 and $750,000 for life protection                     Select between $100,000 and $750,000 for life protection.                     With the Lifestyle_ Protection Plan, you are covered at work, at home, at leisure, worldwide, 24 hours a day, 7 days a week and 365 days a year.                     Your protection benefit does not need to be linked to your home loan or home loan repayment amount.                     Life and income protection is not really something most people care about…until they need it!                     A 2005 study showed the average level of life cover through superannuation was only $70,000. This is not enough to cover the average new mortgage in Australia.                     Protection is made more affordable when you select to pay your premium with your mortgage settlement.                     Life protection with the Lifestyle_ Protection Plan is designed to pay the life protection benefit you select if you die or become terminally ill.                     Enjoy your new home or investment knowing you're protected if the unexpected happens.                     Buying life protection means, if something unexpected happens to you or your partner, you could pay off what’s left of your mortgage and leave some money behind for your family.                     The Lifestyle_ Protection Plan gives you the flexibility to take out only the protection you need and can afford.                     Your income protection premiums may be tax deductible.                     1 in 6 men suffer a disability between the ages of 35 and 65 that leaves them unable to work for 6 months.                     When taking out a mortgage, it's important to think about how you you’re going to protect your key assets – your home, your family and your ability to earn an income.                     Taking out the Lifestyle_ Protection Plan earlier in life, and using your continuation option, means you can remain protected regardless of any changes in your health.                     

Making a claim

 

1. Contact Lifestyle_ on 1300 793 608 to let us know you’d like to submit a claim

 

2.  We’ll send you a claims pack with all the forms you need to complete and post back to us in the reply paid envelope we’ll provide.

-          Initial claim form

-          Initial attending doctor’s form

-          Disability payment form

-          Medicare authority

-          PBS authority (Pharmaceutical benefits scheme)

 

3. Once we receive your completed forms, you will receive a letter to confirm that we have received your forms.  

 

4. Our claims team will assess your claim within approximately 5 working days and you will you will receive a letter to advise that your claim has been accepted or denied.

 

5. Our claims team will contact you if they need any further information from you in order to make their decision.

 

6. If your claim is accepted your payment will be processed within approximately 3 days.

 

We will notify your mortgage broker that you have submitted a claim and the outcome.