HOW MUCH DOES ACCIDENTAL DEATH INSURANCE COST?
The cost of Aspect UW Accidential Death Insurance Cover depends on your circumstances and the sum you want to insure. Find out how much it would cost you based on your individual circumstances by using our free online Accidental Death Insurance Cover builder in under 10 minutes.
WHAT ARE THE BENEFITS OF ACCIDENTAL DEATH INSURANCE?
Buy a customised Accidental Death Insurance cover under 10 minutes using our completely online insurance cover builder.
Get an upfront quote, breakdown of the costs involved and know the lump sump benefits your estate/beneficiary will be entitled to.
Intuitive and customisable cover builder including the ability to add Income Protection, Trauma and Total & Permanent Disablement Cover.
WHY CHOOSE ASPECT UNDERWRITING PRODUCTS?
- Coverholder at Lloyd’s, the world’s specialist insurance market
- Personalised, friendly service.
- From a quote to fully covered in under 10 minutes, no phone calls required.
- We provide tailored Accident & Health insurance products.
- no annoying sales staff!
Life is uncertain, and you never know what the future will bring. What if you get involved in an accident and lose your life?
Your family will need both emotional and financial support during this time, and though you may not be there to support them emotionally, you will have set them up to be supported financially.
Accidental death cover is an excellent insurance product for younger Australians to consider, as they are the most at risk of passing away due to an accident.
Applying for accidental death cover online is simple, and acceptance is guaranteed. Stay smart, take action today and ensure your family’s financial stability – no matter what happens.
When purchasing an Accidental Death insurance policy, you need to be aware you will only receive the benefits if the insured person passes away from an injury sustained, within 12 months from the date of the accident.
Aspect’s Accidental Death Insurance does not provide cover if the death occurs from illness or any expected or predictable events including but not limited to:
- Suicide or self-inflicted injuries.
- An accident that is caused by the insured’s deliberate act or intention.
- Infectious diseases
- Misuse or abuse alcohol and/or drugs.
- Acts of war or terrorism.
- Professional sports.
Read the complete list of exclusions by downloading the Aspect Accidental Death PDS here.
Aspect’s Accident & Health insurance products give you the option to get a customised quote that fits your needs. Our intelligent cover builder provides you with the flexibility to get a quote for a standalone Accidental Death cover ; combine it with any of the following products or get a quote for the complete package and purchase it to protect your family’s financial security during difficult times:
Income Protection Insurance
Income protection insurance is a product that replaces your income if you are temporarily unable to work due to illness or injury. Most policies will provide you with a fortnightly or monthly benefit payment of up to 75% (some up to 85%) of the income amount you’ve insured. This can also be customised to include an additional benefits bundle, by paying an additional premium, for benefits such as overseas assistance, child’s trauma and housekeeper benefits.
Trauma insurance provides you with a lump sum payment, payable on diagnosis, if you suffer a serious medical condition like a heart attack, stroke or cancer. A trauma benefit is typically used to pay off immediate medical bills, rehab expenses, replace income and assist with your ongoing costs, protecting you against future debts and time away from work. The sum insured could range from $50,000 to $500,000, depending on whether it’s a standalone cover or purchased in conjunction with other products.
Total & Permanent Disability Insurance
Total and Permanent Disability insurance pays you a lump sum amount if you suffer from a severe illness or injury that restricts you from working permanently. Aspect TPD cover is available for wide range of occupations. Whether you are in a white blue-collar worker, we cover the majority of professions. Insure for up to $1,000,000 benefit cover.
Frequently Asked Questions About Accidental Death Cover
The major difference between an accidental death policy and a life insurance policy is that life insurance will pay out if you pass away from either an injury or an illness (also known as ‘death by any cause’). Accidental death insurance only pays out if the cause of death is an injury.
Yes & No. Personal accident insurance is a broader product description that includes accidental death insurance. Personal accident can cover Income Protection, TPD & Trauma too. However, accidental death insurance provides a benefit to your beneficiaries/estate should you pass away in an injury.
You must understand that accidental death insurance may not provide all the cover you need for your circumstances. For example, if you die because of a pre-existing condition or an illness, your estate will not receive a benefit. So, you should always read the product disclosure before you acquire any cover and/or discuss it with an insurance adviser before purchasing.
Australians aged 18 to 70 can take out Accidental Death Insurance. Please see our Product Disclosure Statement for a more detailed eligibility criteria.
The maximum amount of insurance you can be covered for varies depending on your age and profession. Typically, the sum insured would be in the range of $50,000 to $1,000,000, depending on your circumstances. The Aspect intelligent cover builder will inform you of the amount you can be insured for based on the details you provide. Use this free tool to start building your cover now and access the amount you can insure. Once you enter your details, you will receive a no-obligation accidental death insurance quote in your email and will be provided with the option to discard, edit or purchase it.
Whilst income protection premiums are tax-deductible, accidental death premiums are not.
Your primary beneficiary or estate receives the benefit of your accidental death insurance.
Yes, you have the right to change the beneficiary. To change beneficiary, you will have to contact us and let us know in writing. Once processed, the name of the new beneficiary will be reflected in your policy documents.
Your cover begins from the day you purchase the Accidental Death cover.
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