Life Active from Macquarie is an innovative life insurance product that differs from other life insurance policies by paying a benefit amount that is based on the severity of the health event with more serious events receiving a larger payment. Life Active covers you for Death and Terminal Illness and a range of Health events (including accidents, injuries, long term illness and very serious conditions). You can make multiple claims over the life of the policy and if a benefit is paid your cover does not cease, your remaining amount of cover simply decreases. Income Cover and Child Cover can be added to your Life Active policy as optional extras.
Features & Benefits
24 Hour Worldwide Cover
You can travel anywhere in the world safe in the knowledge that you will still be covered by your Macquarie Life Active policy.
Benefits - Upgrades and Indexation
If Macquarie improves your Life Active plan in the future you will be entitled to receive these changes to your policy without any requirements from you and no increase to premium prices. Your Macquarie Life Active policy is index linked and benefits will automatically increase every year in line with the cost of living. Your premium prices will increase accordingly unless you choose to decline this option.
Cover on your Macquarie Life Active policy can be increased if your situation changes without the need for a further medical. If you get married or have a baby you can easily adapt your life insurance to reflect these changes.
Financial Planning & Funeral Advancement Benefit
You can receive costs (up to $1,000) for financial planning advice from a qualified financial adviser after a benefit payout and get an advance payment to meet funeral expenses if required.
21 Day Cooling Off Period
You have 21 days from the policy issue date to change your mind. Simply return all policy documentation with your written cancellation request to Macquarie within this period.
Macquarie Group is a leading provider of banking, financial, advisory, investment and funds management services. Their global operations include offices in the world's major financial centres.
Macquarie's operations began in 1969 as merchant bank Hill Samuel Australia (HSA), a subsidiary of Hill Samuel & Co. Limited, London. It opened its doors in Sydney in January 1970 with just three staff. Today, Macquarie provides banking, financial, advisory, investment and funds management services from more than 70 offices around the world. Macquarie now employs more than 15,500 people in over 28 countries.