People suffering a terminal illness may be able to receive an early payment of life insurance up to a maximum amount (depending on the policy). Any payable amount over the maximum will be paid to their beneficiaries after they pass away.
Please note: Under superannuation law, the terminal illness test for releasing funds is may be different to the operation of your insurance policy, and both will need to be approved before funds are released to you. If you’re an AMP super member, please see your insurance guide for policy terms.
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