iExtend helps Australians maintain value in their life insurance cover
iExtend provides an alternative option for policy owners who have decided to cancel or reduce their life insurance cover, allowing them to keep some of their benefits, without ongoing premium payments.
How It Works
Step 1 - Check Your Eligibility
Use our real-time QuickCalc pre-assessment tool to see if your policy may qualify.
Step 2 - Provide Your Consent
Provide your communication preferences and your privacy health consent as part the General Advice process.
Step 3 - Assess Policy
Submit your life insurance policy and health information for final assessment.
Step 4 - Final Approval
Once approved, you are eligible to apply for the iExtend Co-Ownership Arrangement.
Step 5 - Share Claim Proceeds
When a successful claim is paid by the insurer: you, your nominated beneficiaries or estate will receive your share of the claim proceeds.
iExtend provides an option for policy owners to keep some benefits of their life insurance cover, without ongoing premium payments.
Whether you’re a policy owner looking to reduce or cancel your life insurance cover, or an adviser seeking a solution for your clients, iExtend offers a streamlined process to retain a portion of life insurance cover.
Use our QuickCalc to see if your policy may qualify for policy co-ownership with iExtend.
- “The iExtend offer uniquely enables some death insurance cover to be retained for years longer than would otherwise be affordable. If you’re planning to cancel or to reduce your term life cover over time as premiums become unaffordable I’d certainly recommend you have a chat with the people at iExtend.”
Geoff
- iExtend policy co-owner
- “It makes sense that an option exists to realise value from their life insurance when it is no longer needed or affordable.”
Damien Jones
- Australian Financial Risk Management
- “The iExtend offering presents a meaningful extra choice and is wildly innovative. It makes sense that an option exists to realise value from their life insurance when it is no longer needed or affordable.”
Matthew Christensen
- Adviser at Hill Capital
- “iExtend has been a revelation for our business in providing clients a unique alternative option to cancelling their valuable Life Cover. iExtend processes are efficient, executed promptly and always client focused.”
R.S
- Adviser, QLD
- “iExtend is basically an extension of your Life Insurance policy when you’re at the crossroads of renewing and can’t afford it. If you ask yourself, ‘Should I just cancel my Life policy that I have contributed to for years with no return?’, the answer should be clear. If anybody is thinking of cancelling their Life policy, they should be talking to an adviser to extend their policy through iExtend.”
Kelvin F
- Adviser, QLD
- “The iExtend offer is an option for clients that have paid life insurance premiums for years but cannot afford to maintain it when they would potentially be set to receive a return. Whilst clients understand that life insurance is a risk mitigator for when their commitments (debt and dependents) are at their peak, they still have an emotional tie to their cover. iExtend offers them an affordable exit from this grasp, presenting a great option for Advisers in assisting their clients, also meeting their “best interests”.”
Greg S
- Adviser, QLD
- “Many thanks to the team at iExtend, in particular Kos and Peter, for assisting our client with the continuation of their insurance. We had a difficult case with many complexities, however Kos and the team never gave up putting forward many options in an effort to complete the task at hand. Dedication, determination and client care were at the forefront at all times. Thank you again for all of your assistance!”
S.T
- Client Services Leader, QLD
