Insurance solutions

Insurance solutions

Make insurance part of the planning strategy



Insurance should be considered as a key element of an overall financial planning strategy. It can provide financial security and peace of mind by easing the potential financial strain in the case of death or disablement.

Your clients have the option to apply for both Group insurance and/or OneCare insurance through Mentor Wrap Superannuation Service. These insurance options allow you to tailor the type and amount of cover to your clients’ particular needs.

The premiums for both options are deducted from your client’s superannuation account, allowing them to tax effectively package insurance within their superannuation.


The Group Insurance offering includes:



  • Death Only Cover (including terminal illness)
  • Death and Total and Permanent Disablement (TPD) Cover
  • Salary Continuance Cover.

Key features



  • Competitive premiums
  • No maximum sum insured limit for death cover, a maximum sum insured limit of $3 million for TPD cover and a maximum monthly benefit of $25,000 for salary continuance cover (all subject to underwriting)
  • Death cover - contains a terminal illness benefit of up to $2.5 million
  • Five-part TPD definition
  • CPI indexation is available on death only and/or death & TPD covers
  • Short-form personal statement for applications of death only and/or death & TPD covers up to $350,000
  • Salary continuance benefit periods of either two years or to age 65 and waiting periods of 30, 60 or 90 days
  • Continuation options on all covers

For more information on our underwriting solutions, go to: Group Insurance.


The OneCare offering includes:



  • Life Cover
  • TPD Cover
  • Income Secure Cover
  • Extra Care Cover.

Key features



  • Comprehensive and award winning cover
  • One trustee to oversee both investment and insurance
  • Upfront, stepped, hybrid and level adviser commission structures
  • Choice of premium payment frequency (monthly, half yearly, or annually)
  • Premium payment directly from superannuation account balances
  • Consolidated reporting via Mentor Wrap’s annual statements and MoneyOne
  • Tax deductibility of premiums
  • Seamless application process incorporating interim cover benefit
  • Apply for cover in and outside super all on one form


For more information, go to: OneCare Insurance.