It may be hard to imagine right now, but there is no guarantee that over the next one, five or ten years you won't die. How would your family or your business partner cope? The distress caused by your death could be compounded by the inability to keep up with the mortgage, pay off debts or simply maintain a reasonable lifestyle. Insuring your life and protecting your dependant's financial well being through to retirement age and beyond is now even more important.

Whilst we would all like to live life to the full, the sad reality is that some of us will not. Bula Flexi Plus is a term life insurance which is renewable every 7 years and designed to protect your dependants and/or business partners in the event of your death.

The Flexibility to choose
With Bula Flexi Plus, you can enjoy the flexibility and security to renew the policy every 7 years with guaranteed protection up to the age of 70 and no medical examination is required upon each renewal.You may opt for an automatic continuance of cover at a higher premium. ( Bula Flexi Plus Stepped ) or continue with the same premium with a reduced sum insured. ( Bula Flexi Plus Level )

Benefits of Bula Flexi Plus
Bula Flexi Plus provides a range of flexible and affordable cover benefits, designed to deliver quality protection for you and your family or business.

Life Cover
Provides a lump sum of payment in the event of death.

Bereavement Support Benefit
Upon receiving written notification and certification the the life insured has died, Colonial will immediately pay a lump sum of $3,000 or 10% of the sum insured, whichever is the lesser. This bereavement support benefit will be treated as an early payment of the life cover benefit. The payment of the bereavement support benefit shall not be construed as an admission of the full benefit payable under the Policy.

Special Events Increase Facility
On each occasion the life insured takes out or increases a home loan or has a child (by birth or legal adoption), you may write to Colonial to increase the life cover benefit for the insured. Some of the conditions applicable in respect of this benefit are:

• there cannot be more than three requests during the term of this Policy. In any 12-month there can only be one increase under his facility; and,
• any one increase cannot exceed $50,000 or the amount of the home loan or the increase in the home loan, and the aggregate increase under this facility cannot exceed 50% of the initial benefit payable under the Policy.

Loyalty Cash Back
The Bula Flex Plus (Level) loyalty cash back is a benefit that rewards you for maintaining your Policy with Colonial. The cash back is payable after every 7 years of the life of the Policy. Details of how the cash back is calculated is available in the Policy document. Payment will be made:

• every seven years from the Commencement Date provided the Policy does not lapse after the second year of every seven years; or,
• if the Policy is converted to a permanent insurance plan and the Policy has been in force for at least two years and full premium for those two years have been paid, provided the Policy does not lapse after the second year after the last Policy Anniversary date.
• when the Policy expires after the Life insured has attained the age of 70 years.

Optional Accidental Death Benefit
An optional Accidental Death Benefit is available with Bula Flexi Plus. If accidental death occurs during the policy term, your beneficiaries will receive the amount equal to the insurance cover as provided by the Accidental Death Benefit in addition to the Sum insured on the basic plan.

The Security of Worldwide Cover
Bula Flexi Plus covers you 24 hours a day, anywhere in the world, once underwriting is completed.

Immediate Interim Accident Cover
As soon as your life insurance application is completed and signed and given to our Life & Health Insurance Agent, an immediate accidental death cover of $50,000 or the amount equal to the life (base plus any tern life rider) sum insured,whichever is lesser,will apply. This benefit will cease on the earliest of the expiry of 60 days from the signing date or the date the application is accepted,deferred or declined.

How to apply
Click here to download a Life Insurance Application form or call 132 888 to contact your Life & Health Insurance Agent. Alternatively, you can also click here to contact or visit your nearest Life & Health Insurance Sales Office.

NOTE: Information in this web page is not legally binding. All details however are outlined in the Insurance Policy Document.
*Terms and conditions apply