Life insurance terminal illness payout

life insurance terminal illness payout

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Life Insurance--the Terminal Illness Clause
Our life insurance includes cover for the diagnosis of a terminal illness before the last 12 months of the plan. This allows us to pay your claim early. You'll receive the payout if a doctor can confirm your illness is estimated to end your life within 12 or 18 months. And, of course, you won't be expected to. Terminal Illness Cover could pay out the full amount of cover if you are diagnosed with a terminal illness (when life expectancy is less than 12 months).
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