Whilst most people like to know what fate has in store for them we have had to learn to expect the unexpected, as none of us know what will happen from one day to the next. Unfortunately some of the unexpected things that can strike in our lives can have a profound effect both on our own lives and those of our loved ones and families. Each year, many people find themselves being diagnosed with a serious or even terminal illness, which can affect not only them but their families and their financial situations.

Another thing that could have a serious impact on your loved ones is unexpected death, which could result not only in massive grief for your family but also financial problems of a very serious nature. Whilst becoming the victim of a terminal illness or sudden death is something that is out of your control, you can take steps to ensure that your loved ones are not left struggling financially should something like this affect you. With OnePath Group Life Cover you can benefit from a lump sum payment being made in the event that you are diagnosed with a terminal illness or if you die.

The features of OnePath Group Life Cover

The features of different life and critical illness plans can vary in terms of what is covered, what is excluded, the level of benefits, and other key aspects. It is therefore important to ensure that you always check the details of any plan before you make a decision with regards to its suitability for your needs. The OnePath Group Life Cover plan, as the name suggests, is designed for groups, which means that it is aimed at employees and members of group super funds.

Some of the key features that you will get with the OnePath Group Life Cover plan include the following:

• Death cover: If you die your family will obviously have to deal with a lot of emotional turmoil and the last thing they will need is to face financial turmoil as well. Under this feature of the plan, your beneficiaries will receive a lump sum payment if you die, which means that they will not have the added stress of money problems at what will be a very difficult time
• Terminal illness cover: Being diagnosed with a terminal illness can be very stressful for the patient and their loved ones. This stress can be further exacerbated if there are also financial problems thrown into the mix, such as those arising from no longer being able to work due to your illness or even increased medical costs arising from the treatment required. With terminal illness cover you will receive an upfront lump sum if you are diagnosed with a terminal illness, which will ease the strain at a time when you need all of your strength to support yourself and your family
• Worldwide cover: If you tend to go overseas either on business or for pleasure, this aspect of the plan can prove invaluable. With worldwide cover you get protection for up to three months whilst you are abroad, which means increased peace of mind for you and your loved ones
• Disability cover: Being diagnosed with a disability that is total and permanent can also have a huge impact on your life and that can often affect your loved ones. With TPD cover, which is part of the OnePath Group Life Cover, you will receive a lump sum payment if you are diagnosed with this sort of disability
• Renewable cover: Whether or not your circumstances change, you will find that you can renew your cover and continue with the policy every year providing you have kept up with payments on your premium and have met the other terms of your policy

These various features and benefits of the plan show that there is quite a lot that is covered under the OnePath Group Life Cover, making it an excellent choice for an all round, highly protective insurance plan. It is also a very cost effective way to combine life insurance, terminal illness cover and disability cover, as well as having extra protection such as the worldwide cover as part of the plan.

Who will benefit from this cover?

Since this plan is designed as a group cover plan, it is suited to employees and members of group super funds. It will benefit anyone within these groups who wants to ensure that both they and their families can enjoy peace of mind with regards to the financial future, no matter what life throws at them. This cover can be arranged by employers who want to provide valuable protection for their employees and it provides basic yet tax effective life insurance coverage for those who take up the plan.