AMP Elevate Income Protection Insurance

AMP offers five types of policy in the AMP Elevate Income Protection insurance product range. These polices allow you to claim up to 75% of your income in the form of a monthly payment if you are unable to work for a period of time due to illness or injury, so that you can pay your ongoing living expenses.

• The Income Insurance, Income Insurance Plus and Income Insurance Premier Plans offer a range of basic and additional income protection features. Which plan is best for you will depend on your circumstances and budget.
• The Income Insurance Senior Plan is only available as a conversion from en eligible existing plan once your policy expires (at age 60 or 65), allowing you to extend your cover to age 70.
• The Income Insurance Superannuation Plan is specifically designed to offer you the tax and cash flow advantages of holding your income protection policy within your SMSF or an eligible AMP superannuation platform.

Product Features

The benefits of your AMP Elevate Income Protection Insurance will vary depending on your choice of plan. They may include:

• Assistance with rehabilitation expenses, to help you adapt to a disability or return to work.
• The payment of benefits if you become partially or totally disabled as a result of surgery, even if the procedure was elective or cosmetic.
• The option to freeze your premiums at the same level as you paid in the previous year. This will reduce the amount of your insurance.
• The automatic waiver of premiums on your income protection and any other AMP insurance on the same schedule while you are receiving payments following a successful claim.
• The option to continue your cover by paying reduced premiums if you are unemployed for a while. During this time you will not be able to make a claim, but you can reinstate your policy without providing medical information once you return to work.

For full details of AMP Elevate life insurance products you can download the Product Disclosure Statement here.

Contact a 1300 Life Insurance Advisor Today

1300 Life insurance have access to the full range of Income Protection Insurance available from all Australian life insurance companies. Our advisors use sophisticated analysis to evaluate the features and benefits of each product against your own needs. Our duty of care is to always act in your best interest. We will:

• Assess your needs
• Make an unbiased recommendation
• Provide you with a written statement of advice
• Ensure your cover is properly implemented

If your interested in Income Protection Insurance, please complete an enquiry form and our advisers can get in touch with you. Alternatively you can also phone 1300 543 346 during business hours.

AMP

• Life Insurance Product Range
• Flexible Lifetime® Protection Death, TPD, Trauma
• Flexible Lifetime® Protection Income Protection
• Flexible Lifetime® Protection Business Overheads Insurance
• AMP Elevate: Life Insurance, TPD, Trauma
• AMP Elevate: Income Protection Insurance
• AMP Elevate: Business Expenses Insurance
• Claims and Support