At Ascend Financial Freedom we know there’s nothing more important than you and your family’s security and independence. We understand how hard you work every day to keep your family safe, but sickness, injury or even premature death can take it away in an instant.
That’s why we have teamed with ClearView and now offer LifeSolutions – a comprehensive range of cover that can help you protect your future, by providing a financial benefit when you and your family need it most.
Who is ClearView
ClearView was relaunched in 2010 but has a rich heritage dating back to 1976. The company started out as registered life insurer NRMA Life, which provided life insurance to NRMA customers. It has evolved to become a diversified financial services company and leader in the advised life insurance market.
ClearView is now an ASX-listed diversified financial services company which partners with financial advisers to help everyday Australians protect and grow their wealth, achieve their goals and secure a comfortable financial future.
ClearView is the proud winner of awards from Canstar, CoreData, Investment Trends, Money Magazine, AFA and Beddoes Institute .
Life Solutions Products
Why choose ClearView LifeSolutions?
Life has its share of uncertainties; unfortunately the risk of serious accident, illness or even premature death is real. You can’t eliminate that risk, but we can help you take control by planning for the future today. That includes feeling confident in the knowledge you’ve helped protect your family’s future
ClearView LifeSolutions provides a range of covers that address both temporary and permanent disability. You, your spouse and your children can be covered, so that you can face life’s biggest challenges with all the financial resources to help you recover and rebuild
Provides a lump sum benefit in the event of your death or terminal illness. This benefit could help your family pay off the mortgage and other debts, or provide a lump sum that could be invested to provide an ongoing income stream for dependents.
If you die as the result of an accident we will pay a lump sum benefit amount
Provides a lump sum benefit if you become totally and permanently disabled as a result of sickness or injury and are unlikely to ever be able to work again. This benefit could be used to cover the costs of rehabilitation, home modifications or to supplement an income protection bene
Provides a lump sum benefit if you become totally and permanently disabled as a result of an accident and are unlikely to ever be able to work again. This benefit may provide a suitable alternative for people with a health condition who are unable to obtain full cover.
Provides a lump sum benefit if you suffer one of 43 specified trauma conditions. The Trauma Plus Option provides cover for an additional 12 conditions. This benefit may be used to pay down debts, fund your day to day living expenses or to access medical treatmen
Provides a lump sum benefit if your child suffers a specified trauma condition, becomes terminally ill or dies. If your child suffers a specified trauma condition, this benefit could be used to access medical treatment, cover living expenses if you need to stop work and even pay for modifications to the family home
Provides an ongoing monthly benefit if you are totally or partially disabled as a result of sickness or injury and unable to work. This benefit could be used to help cover your daily bills and assist in maintaining your standard of living
Provides an ongoing monthly benefit if you are totally or partially disabled as a result of an accident and unable to work. This benefit may provide a suitable alternative for people with a health condition who are unable to obtain full cove
Provides an ongoing monthly reimbursement of eligible business expenses if you are totally or partially disabled as a result of sickness or injury and unable to work.
Applying for Life Insurance
When applying for ClearView Insurance it is vitally essential you disclose everything that is relevant and important, otherwise known as duty of disclosure. To understand your duty of disclosure please watch the video below
What types of Premiums are there?
Because we all have different needs, ClearView LifeSolutions offers three different
insurance premium types to help ensure your cover is affordable and suits your financial
situation. No one type is better than the other, however one will almost certainly be a
better fit for your circumstances. So which one should you choose?
Are recalculated each year based upon your age and any
change in your level of cover. Generally, stepped premium rates increase each year
in line with your age. In the early years the premium will be lower than what you
would pay under a level or hybrid premium type.
Are also recalculated each year for any change in your level of
cover, but not because you are getting older. Both the premium rate and any
increase in your level of cover as a result of the Indexation Benefit are calculated
based upon your age at the time you took out cover. The premium is higher during
the early years compared to what you would pay under a stepped or hybrid
premium type. Level premium is only available if you are 60 years or younger at
the time you take out cover. You can choose ‘level premium to age 65’ or ‘level
premium to age 70’. If you continue to hold your cover past this age, your premium
will convert to a stepped premium type.
Are a combination of level and stepped premiums. The premium
is calculated on a level premium basis for the first seven years and converts to a
stepped premium basis thereafter. Hybrid premiums are only available if you are
aged between 30 and 60 at the time you take out Life, TPD or Trauma Cover and
aged between 30 and 55 for Income Protection Cover.
Most insurers base the cost of the increased cover with regards to the Indexation Benefit on the age of the client at the time they accept the increase. In doing so, this actually creates a stepped element to the premium and can impact the total cost of cover over the long-term. The cost of ClearView’s level premium increases due to the Indexation Benefit calculated using your age at the cover start date. Over the long term, this can translate to significant savings in premiums. Only a few insurers adopt this practice.