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About Life Care

How it works

By providing a lump sum payment to your beneficiaries upon your death, Life Care gives your beneficiaries money when it's needed most. The coverage includes:

  • A lump sum if you are terminally ill and likely to die from the illness within 24 months
  • Life Care Advance Payment benefit – can provide up to $30,000 to help with the cost of a funeral
  • Financial Planning benefit – pays up to $5,000 to help cover the costs of financial advice
  • Accommodation benefit – helps cover the accommodation costs of an immediate family member who needs to stay nearby if you are terminally ill and confined to bed a long way from home
  • Severe Hardship Booster benefit – an increased benefit if you die, or are likely to die within 24 months, from meningococcal disease, Legionnaires’ disease or motor neurone disease
  • Loyalty Bonus benefit – once cover is held for five years, we automatically increase payments of the Life Care or Terminal Illness benefit by 5%
  • Life Care Buy Back benefit – automatically reinstates Life Care if we pay a Total and Permanent Disability or Trauma claim
  • Automatic indexation – automatically increases Life Care each year to help it keep pace with inflation

For more information talk to your financial planner and ask for a PDS that describes the benefits in full. If you don’t have a financial planner, we can help you to make an appointment with a professional financial planner for a complimentary, no obligations meeting.


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For added security, you can take out additional extras. These include:
  • Accidental Death Cover – a lump sum if you die due to an accident
  • Guaranteed Insurability (personal events) – lets you increase cover without providing more health information if you experience certain personal events
  • Child Cover – provides financial help to families if your insured child suffers a defined child trauma condition or dies. This cover will sit alongside Life Care and/or Trauma cover. It can help provide peace of mind as it can pay a lump sum of up to $250,000 if your child dies or suffers any of the defined child trauma conditions
  • Plan Protection – you don’t pay premiums while you are totally and temporarily disabled for three months or more


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Customise your insurance

Talk to your financial planner to ensure your insurance meets all your needs and discuss customising your insurance to suit you.

If you don’t have a financial planner, you can talk to one of ours.

  • Make an appointment for a complimentary, no-obligation meeting with a professional financial planner
  • Call 1300 131 103, 8am to 7pm (Sydney time) business days


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Premiums for Child Cover are priced at approximately $60 per year for each $50,000 of cover*, up to a maximum of $250,000 of cover.

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You can update your payment instructions by calling us or by completing  a direct debit request form and returning to us. Alternatively you can speak to your financial planner.

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To make changes to a policy such as an increase to the sum insured, benefit periods or other changes, please speak to your financial adviser.

For a simple decrease to your sum insured, please call us.

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You can find the answers to your Life Insurance questions by checking out the full list of FAQs.

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Related products

Total and Permanent Disability

This cover can pay a lump sum of up to $5 million if you’re totally or permanently disabled. It’s part of our tailored insurance range.

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Income protection

Income protection generally pays up to 75% of your income when you’re unable to perform all or part of your occupation due to sickness or injury. It can also pay up to 100% of your super to your nominated fund.

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This cover may pay a lump sum if you’re diagnosed with any one of our defined trauma conditions such as cancer, heart attack or stroke. It’s part of our tailored insurance range.

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Important information

Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.
This advice (including the statements on taxation which are based on present taxation laws, rulings and their interpretation) has been prepared without considering your objectives, financial situation or needs. Before acting on it, consider its appropriateness to your circumstances. You should seek advice from your taxation adviser in relation to taxation matters.
 Life, Total and Permanent Disability (TPD), Trauma Cover, Income Protection, and Business Overheads form part of CommInsure Protection. CommInsure Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA) and Colonial First State Investments Limited ABN 98 002 348 352 AFSL 232468 (CFSIL), the Trustee of the Colonial First State FirstChoice Superannuation Trust (FirstChoice Trust) ABN 26 458 298 557. CMLA is responsible for the administration Total Care Plan Super and provides insurance benefits to the fund as insurer. CMLA and the Trustee are wholly owned subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Bank of Australia does not guarantee the obligations or performance of CMLA or the Trustee or the products they offer.
 A Product Disclosure Statement (PDS) describing CommInsure Protection is available online, from your Commonwealth Financial Planner or by calling 13 10 56 (from overseas, call +61 13 10 56) and should be considered in making any decision about these products.
 Commonwealth Financial Planners are representatives or authorised representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169 AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.