Flexible Lifetime® Protection - Business overheads insurance
Overview
Flexible Lifetime - Protection Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.
What would happen to your business if you were too ill or injured to work?
Flexible Lifetime - Protection Business Overheads Insurance is often taken out in conjunction with Flexible Lifetime® – Protection Income Protection, or can be taken out on its own.
Features
- Sum insured
Choose a maximum monthly benefit of up to 100% of eligible business expenses. We also waive the premiums for this cover while we pay you.
- Benefit period
The plan will reimburse your business expenses for up to one year while you are unable to work.
- Automatic increases to your cover amount
To ensure your cover is still relevant in today's dollars we take inflation into account by automatically increasing your cover in line with the Consumer Price Index (CPI).
- Tax deductible premiums
As a business expense, premiums are generally tax deductible.
- Coping with peaks and troughs
In months where you have lower business expenses, you can accrue any unpaid monthly benefit to the next month. We may also extend the benefit period by up to 6 months to accommodate the peaks and troughs until we have paid 12 times the monthly benefit.
- Working within the waiting period
Keep an eye on the business even though you are unable to work. You can return to work for 5 days (or less) within the waiting period without the waiting period starting again.
- Entry age – 19-59.
- 24 hours a day world-wide cover.
Brochures and forms
How to apply
® Registered trade mark of AMP Life Limited ABN 84 079 300 379
What you need to know
Any advice in relation to life insurance on this page is provided by AMP Life Limited, ABN 84 079 300 379 and AFSL 233671 and AMP Superannuation Limited, ABN 31 008 414 104 and AFSL 233060. We can be contacted by telephoning 133 888 or you may send us an e-mail askamp@amp.com.au.
The advice is not based on your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before buying any financial product, you should read the current Product Disclosure Statement.
Any advice in this document is provided by the company shown in the footer, part of the AMP group of companies. AMP companies receive fees and charges in relation to its products as set out in the product documentation. AMP employees and directors receive salaries, bonuses and other benefits from the AMP group.