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As a leading in-force specialist, Resolution Life is continually finding new ways to support our advisers and clients. To demonstrate our commitment, we’re providing product solutions as well as practical digital tools, to make it easier for you to service your clients and meet their wealth protection needs, now and into the future.

We are upgrading Elevate, our on-sale Insurance product, which offers a full suite of wealth protection covers. We do accept new applications for Elevate for existing Resolution Life customers.
 

Types of Insurances

Here’s how Elevate could make a real difference in your clients' lives:

•   A new Income Insurance Essentials Plan, offering a contemporary income protection solution for clients who are a Resolution Life customer and don’t have income protection in place or have income protection, but wanting a more affordable solution. 
•   A new Premium and Cover Pause Benefit for all cover types, that allows clients to suspend their cover and premium for up to 12 months. 
•   Binding non-lapsing nomination for the Life Insurance Superannuation Plan. This replaces the current binding lapsing nomination and will reduce both adviser and client ongoing administration requirements and workload 
•   New trauma conditions and updates to existing definitions. 
•   Reduced entry age to 60 for the Income Insurance Senior Plan, a simple income protection cover product for clients working longer and wanting to maintain cover until age 70. 
•   Increased maximum entry age to 75 for life cover, making it easier for your clients to transfer from legacy life cover policies into Elevate. 
•   Updated stepped and level premium labels, for new policies only.

New Business post 16 December 2024

The ‘old’ Income Insurance Plan, Income Insurance Plus Plan, Income Insurance Premier Plan, Income Insurance SMSF Plan and Income Insurance Superannuation Plan are now closed to new applications.  

No new policies will be issued for these ‘old’ plans (this includes clients who already have these plans and want to do a cancel and replace to change ownership of the policy).

We will continue to accept and process inflight applications for these plans written under the PDS dated 19 December 2022 up until 15 January 2025. Any application submitted after this date must be under the new PDS dated 16 December 2024. 

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Important Reading

Important information

Any advice and information on this website is general in nature and is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), which is part of the Resolution Life Group and can be contacted on 133 731 or via the contact us page. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters as well as the relevant product disclosure statement (PDS), available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision about the product. Consider speaking to a financial adviser if you have any concerns.

If you decide to purchase or vary a financial product, Resolution Life and/or other companies within the Resolution Life Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.