You can put your ClearView insurance cover on hold by using our Suspending Cover Benefit. Your financial adviser can explain these options to you. For example, you may be able to reduce cover or remove extra cost features. Longer term, there are a number of ways to reduce your premiums without giving up your insurance.
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What can I do if affordability is a problem?Ĭlearview ClearChoice policies allow monthly premiums to be waived for up to three months if you lose your job. Limitations apply and you should refer to the Product Disclosure Statement for full details. Where cover is intended to replace your income in the event of sickness or injury, you may wish to review your insurance and benefit amount with your financial adviser.
Working on a part-time or casual basis will not change the terms of your cover or cause your cover to cease. If you would like more information about your cover how it may be impacted by unemployment, please contact your adviser or call us on 132 979 to discuss how this applies with your policy and cover type, and what options are available to you.Īm I still covered if I am a casual or part-time worker? This applies for claims made before 1 January 2021. As a member of the Financial Services Council (FSC), Clearview also supports the FSC initiative whereby total and permanent disability cover will not be affected if you are working in your usual capacity as at 11 March 2020 but as a result of COVID-19, subsequently lose your job or have reduced working hours between 11 March 2020 and 27 September 2020. And if your Income Protection is held wholly within superannuation, you are only able to claim while you are gainfully employed.ĬlearView’s life insurance policy terms already provide protections for unemployment in most cases.
If you have Income Protection, there may be a change of terms after 12 months of unemployment. In line with the Financial Services Council’s recent announcement, ClearView is committed to ensuring that the vital work Australia’s frontline healthcare workers are doing will not prevent them from accessing life insurance.Īm I still covered while I am unemployed?ĬlearView life insurance will not cancel due to unemployment, and in most cases there is no change to the terms of your cover should you need to claim. The only exception is if you have a special exclusion applied to your policy (which you have agreed to) that restricts your cover in specific countries.Īre health workers still eligible for life insurance?įrontline healthcare workers are not prevented from obtaining ClearView life insurance cover purely through exposure, or potential exposure, to COVID-19. Likewise, whether you have been vaccinated or not does not impact your continuing cover.Īll of ClearView’s life insurance policies provide worldwide cover, which means you are covered if something happens to you while outside Australia. This means that we cannot cancel your cover, place any further restrictions on your cover or increase your individual premium because of any change to your health, occupation or pastimes. Any claim you may have is not impacted by your decision whether or not to receive a COVID-19 vaccine. Your policy will continue each year up until the policy expiry, so long as you continue to pay your premiums when due. Just as there are no specific exclusions for claims arising from a pandemic event, there are no specific exclusions for claims arising from ill effects of Therapeutic Goods Administration approved or provisionally approved COVID-19 vaccine.ĭoes electing not to receive a COVID-19 vaccine impact my cover? There are no specific exclusions for claims arising from a pandemic event.įor any new applications for insurance or reinstatements, we may request additional information to decide whether we are able to offer cover under standard terms while the COVID-19 pandemic is carrying additional risk.ĭoes ClearView cover me for adverse effects of a COVID-19 vaccine? ClearView life insurance policies provide a range of insurance covers to protect against financial loss if an insured person dies or becomes disabled due to sickness or injury.
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