Life Insurance for professionals who studied in the field of Science
Protecting the professionals who analyse, research and seek to advance our understanding of the world and the forces that propel it.
Professionals who specialise in the field of science are vital to the functioning of society, advancement of technology and medical science, and environmental sustainability. There is a lot riding on their shoulders.
That’s why life insurance is so important. A comprehensive policy will provide a safety net that can help ensure their income and family finances are looked after should they become unable to work.
And after having invested years (and money) into study and building a career; life insurance is a way of helping to protect a future and employment status that has taken a long time to grow.
The good news for professionals who have completed a 4 or more year degree (Bachelors including a Bachelor (Honours) or Double Degree; Masters; or Doctorate) within a Science speciality of either Biology, Chemistry, Criminology & Earth Science, Environment & Sustainable Technologies, Epidemiology, Forensics, Genetics, Geography, Geology, Mathematics, Nanotechnology Physics, Robotics or Statistics at selected universities {Hyperlink to ‘Who’s eligible To Join’ flyer} you are eligible to apply for PPS Mutual Professionals Choice cover.
PPS Mutual are the only Life Insurance provider in Australia who currently offer life insurance products solely to a select group of professionals, with a profit share and who distribute the profit to its Members.
Professionals who have invested years (and money) in completing a Science degree and worked tirelessly to develop their careers in one of the many Science specialities or within a broader field of employment would look to consider life insurance as a way of helping to protect a future and employment status that has taken a long time to develop.
The right selection of Income Protection, Trauma, Total & Permanent Disablement and Business Expenses insurance means financial responsibilities can still be met even if they can no longer work due to injury or illness. This could include debts (i.e. a mortgage), medical expenses, or the fixed costs of running a business. That means there’s much less financial burden on the family, business, and the individual themselves if life takes an unexpected turn.
Income Protection
Income Protection pays ongoing monthly payments to you and your family if you are no longer able to earn an income as a result of illness or injury.
Total and Permanent Disability (TPD)
Total and permanent disability insurance pays a lump sum if you are no longer able to work due to an injury or illness.
Business Expenses
Business expenses insurance can help cover staff wages, rent, equipment, and any other fixed costs associated with running a business, should professionals who have studied in the field of science and moved into running their own business, if illness or injury prevents you from working for a while.
Life Cover
If you die or become terminally ill, your family will be looked after with Life Cover which pays a lump sum paid to your estate or your beneficiaries. This can be used to cover family expenses (e.g. a mortgage) or ongoing medical care.
PPS Mutual can offer you a policy that includes several benefits such as:
Career Change Transition Benefit
Pays a monthly benefit for 12 months to support a career transition after an illness or injury.
Parental Leave Cover Protection
If you take Parental Leave you can reduce your cover or stop it altogether. When you return to normal working hours you can increase cover to your previous level with no medical underwriting.
Study Leave Cover Protection
If you have stopped work (or reduced your working hours) no more than 12 months ago to go on a Fellowship or for other career-based further Study or Tratining then you will be assessed against the occupation you were performing immediately prior to commencing the study.
Our PDS contains the full terms and details of product features.
Members of PPS Mutual will be entitled to a share in the profits of the Professionals Choice product. PPS Mutual Professionals Choice is the only product to offer this feature in the Australian Insurance market.
Being exclusively for professionals we are able to offer the option of having benefits increase in line with your salary, based on increases in our Professional Earnings Index or inflation, whichever is greater.
You can also increase your cover without having to provide further medical evidence when certain career events occur such as becoming a partner or starting in private practice