Partner terms and conditions may also apply. AXA Elevate was simply rebranded as AMP Elevate when the merger happened. Contact AMP for more details. Also known as ‘critical illness’ cover or ‘recovery’ insurance, trauma cover can provide cover when you’ve suffered a serious illness that makes it impossible for you to continue work. While almost anyone who is a full-time employee can take out income protection, the Australian government suggests that it’s particularly suitable for self-employed people, small business owners or professionals whose business relies heavily on their ability to work. However, AMP Elevate applications will generally still be accepted if you fit one of the below qualifying criteria: 1. For more information about AMP Elevate insurance, read this article or refer to the latest PDS and update. 3rd party images, logos and trademarks are copyright by their respective owners © All other content copyright 2020 by Life Insurance Direct Australia, This information published on our website is general in nature and does not take into account your personal circumstances, your financial situation or your specific needs. AMP Limited is selling its wealth protection and mature businesses to Resolution Life. It can provide you with financial stability, making it easier for you to continue to support your family. It contains general advice only and does not take into account your personal circumstances, objectives, financial situation or needs. This policy is more commonly known as a ‘Whole of Life’ policy but to answer your question, it would depend on the Insurer which may be AMP as your comment has been posted on their page on our website? After JavaScript is enabled, please try logging in again. If you are an NMLA policy owner, you can rest assured knowing that there will be no changes to your policy terms and conditions, or how it’s administered. You are welcome to call us on 1300 135 205 and speak to one of our Funeral Insurance Specialists. Making a claim provides you with a set amount, which you can use to pay for things like: Medical costs above your health insurance, The ongoing cost of any special transport. Having grown stronger after acquiring AXA’s Australian and New Zealand business in 2011,AMP specialises in a variety of financial products and services, including, but not limited to: Income protection, disability and life insurance, superannuation, retirement income and banking & investment services. Please feel free to give us a call on 1300 135 205 and a specialist will answer all your questions. It's a portfolio administration service with a single access point for a wide range of investments including managed funds, listed securities and term deposits. Sort out your utilities and insurance, all in one place. Finding a policy that works for you depends on a range of factors, including your needs, budget, personal circumstances, and your lifestyle. iSelect Life Pty Ltd - ABN 89 124 304 347, AFS Licence Number 331128. A life insurance policy can include multiple types of cover depending on your circumstances. You should always read the product disclosure statement (PDS) of the life insurance products you’re reviewing. AMP merged with AXA in 2011, their first day of operation as a merged group was on 31 March 2011. Read our Financial Services Guide or Terms and Conditions for more information. *Lowest Price Guarantee. Contact us on 1800 667 841 for a copy. This document will contain all of the important information about your product, and will allow you to better determine whether it’s suitable for your needs. Please advise where I can get info if YES. After the 2011 merger of AMP and AXA, all policies including AC&L, falls under AMP. This could be in the event of your death or upon being diagnosed with a terminal illness. Your beneficiaries can choose to use the money to cover mortgage and credit card payments, child care, school fees, and other living expenses. Additionally, here’s some recommendations from the Australian government1 that may assist you when comparing life insurance policies: How much life insurance costs can depend on a number of different factors, including your age, your overall health, and your general lifestyle. Summit offers a simple and convenient way to build your super and transition to a pension. This could include a cancer diagnosis, heart attack, major injury, or stroke*. Even if you suffer an illness or injury that would prevent you from taking out life cover, the cover will generally continue. You are an existing AMP Life customer: A person or entity that owns a life policy issued by AMP Life and/or is a member of the AMP superannuation fund. If you have any questions or would like to apply, you can: Contact us online. • Trauma insurance It would be a matter of contacting the Insurer and asking the question to see if it can be converted back to Australian Dollars both in value and servicing. AMP Elevate is issued by AMP Life Limited ABN 84 079 300 379 (AMP Life), which is part of the Resolution Life group, and by N.M. Superannuation Proprietary Limited ABN 31 008 428 322, AFSL No. Resolution Life Australia Pty Ltd is a wholly owned subsidiary of Resolution Life Group Holding LP, an international insurance and reinsurance group based in the UK. If something were to happen to you, your family would likely be covered for some of life’s major expenses, whether that includes significant medical expenses or modifications to your home due to a disability, or potentially even funeral arrangements. The first step I would undertake is to contact AMP on 132987 as they may be able to identify the policy for you. Any concerns surrounding your AXA policy can be directed to the AMP Insurance team. It can influence who we choose to spend time... Key person insurance (also called key man insurance) is a type of corporate-owned Life Insurance which insures an employer against... iSelect’s partnered with Lifebroker (AFS Licence number: 400209) to help you compare a range of Life Insurance policies. My mother-in-law took out an all of life policy in Australia then moved to New Zealand in 1978 continued to pay the policy changed over to New Zealand she now is living back in Australia for the last 20years now at 85 years old and getting her affairs in order we found out the policy is a New Zealand policy can we change it back to Australia as she is a Australian citizen.

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