Accommodation Benefit

The Accommodation Benefit is generally included as a built-in feature in your life insurance policy.

It helps cover the accommodation costs for immediate family members if they are required to be with you while you are confined to a bed.

When is the Accommodation Benefit available?

The Accommodation Benefit will generally be available if you are confined to a bed, more than 100km from home and you require a family member to be with you.

It is generally available in the following circumstances:

If you are suffering from a Terminal Illness

If you have become Totally and Permanently Disabled

If you are suffering from a Critical Illness

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The benefit will also be paid if:
A family member is required to travel more than 100km from their home to be with you

Please note that in most cases a medical practitioner will need to certify that you are confined to a bed.

When you are comparing quotes, it is important to clarify with your adviser when this benefit may be paid.

How much can be covered?

This amount that is covered will differ between life insurance companies but will generally range between $250 and $500 per day for between 14 and 30 days. Please speak to one of our financial advisers about this benefit and how much cover is provided.

Who qualifies as an immediate family member?

An immediate family member may include:

  • Spouse
  • Child
  • Sibling
  • Parent
  • Parents-in-law
  • Person in financially independent domestic living arrangements where there is an established and ongoing interdependency.

Insurance through super

If you decide to take out your life insurance through super, the Accommodation Benefit may not be available to you as it may not satisfy a superannuation ‘condition of release’.

Published: April 23, 2015

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