Macquarie Life: Active

Macquarie Life Active offers broader cover than most 'traditional' life insurance policies, and makes it easier for you to claim at least a proportion of your benefits by setting lower thresholds than are used in many life insurance policies. It also includes a 'catch-all' clause which may mean you can claim even if you have a condition which is not listed in the policy, provided that you can no longer perform some of the normal activities of daily life.

Macquarie Life Active bundles several different types of life insurance cover into one streamlined, comprehensive policy, and introduces the simple concept that the more severe your condition is, the more money you can claim. During the lifetime of your Active policy you may be able to make multiple claims, either for unrelated conditions or because your condition is becoming worse over time.

You can add an extra death benefit element to your policy, which is payable in addition to the full amount of your insurance if you die.

How it works

If you need to make a claim under your Macquarie Life Active policy your condition will be assessed and you will be given a category, from E to A, depending on how severe your illness or injury is.

Macquarie will follow the same process regardless of what type of illness you are suffering from, although some conditions will automatically fall into a specific category.

The amount of insurance you can claim will depend on your category. If you become more ill over time, and move into a higher category, you can claim more money.

For full details of the Macquarie Life Active range of life insurance products and to download the Product Disclosure Statement, please visit the Macquarie website.