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PINNACLE LIFE rolls out Serious Illness Cover

PINNACLE LIFE rolls out Serious Illness Cover

Monday 8 December 2008

PINNACLE LIFE today claimed another world first... Serious Illness Cover – now available ‘instantly’ online.

Serious Illness Cover is a straightforward product that pays a cash lump sum if the insured person suffers a defined serious illness condition. The four serious illness conditions covered under PINNACLE LIFE’s new product are heart attack, cancer, stroke and heart bypass surgery and cover up to $250,000 can be purchased immediately online, without a medical.

The policy is applied for and issued online in the same way that existing Life, Mortgage and Funeral products are delivered on the PINNACLE LIFE website. The buying process from application to policy issue is fully automated utilising advanced electronic underwriting software. The entire application process takes less than 10 minutes after which consumers can see a draft version of their personalised policy document before committing themselves. On payment, consumers receive their policies instantly via email.

Whilst the product is designed essentially for the under-45 consumer, it is available online to anyone aged 20 to 59.

It’s as straightforward as going online and buying an airline ticket… maybe even easier!

Today’s ‘instant serious illness cover’ follows the launch of instant Life Cover, instant Mortgage Cover and instant Funeral Cover by Pinnacle Life over the past 18 months.

ENDS

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