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Notice of the duty of disclosure from our life insurer to you.

Duty of disclosure

A person who enters into a life insurance contract in respect of your life has a duty, before entering into the contract, to tell us anything that he or she knows, or could reasonably be expected to know, which may affect our decision to provide the insurance and on what terms.

The person entering into the contract has this duty until the insurer accepts (or declines) your insurance application and issues confirmation in writing.

Please ensure that all applicable questions are fully answered. 

The person entering into the contract has the same duty before he or she extends, varies or reinstates the contract.

The person entering into the contract does not need to tell the insurer anything that:

  • reduces the risk the insurer insures him or her for; or
  • is common knowledge; or
  • the insurer knows or should know as an insurer; or
  • the insurer waives his or her duty to tell them about. 

If you do not tell the insurer something that you know, or could reasonably be expected to know, this may affect the insurer's decision to provide the insurance and on what terms, and may be treated by the insurer as a failure by the person entering into the contract to tell the insurer something that he or she must disclose to the insurer.

The effect of non-disclosure by you 

In exercising the following rights, the insurer may consider whether different types of cover can constitute separate contracts of life insurance. If they do, the insurer may apply the following rights separately to each type of cover - for example, Death, TPD and income protection benefits may be treated as separate contracts. Additionally, default cover and any additional cover will also be treated separately.

If the person entering into the contract does not tell the insurer anything he or she is required to, and the insurer would not have provided the insurance if he or she had disclosed the information, the insurer may avoid the contract within three years of entering into it.

If the insurer chooses not to avoid the contract, the insurer may, at any time, reduce the amount of insurance provided. This would be worked out using a formula that takes into account the premium that would have been payable you had told the insurer everything he or she should have.

However, if the contract has a surrender value, or provides cover on death, the insurer may only exercise this right within three years of entering into the contract.
If the insurer chooses not to avoid the contract or reduce the amount of insurance provided, the insurer may, at any time vary the contract in a way that places the insurer in the same position the insurer would have been in if the person had told the insurer everything he or she should have. However, this right does not apply if the contract has a surrender value or provides cover on death.

If the failure to tell the insurer is fraudulent, the insurer may refuse to pay a claim and treat the contract as if it never existed.

Insurer Privacy Statement 

Your privacy with MetLife Insurance Limited ABN 75 004 274 882 AFSL 238096 ('MetLife' or the 'Insurer') 
If you make a claim under this policy the Insurer may conduct investigations to assess the value and validity of the claim. This may involve the use of investigation agents, legal advisors and the collection of personal data that MetLife believes is relevant. MetLife complies with the Privacy Act 1988 and the principles laid out on their privacy policy, which is readily available on request and also available online at metlife.com.au/privacy

Your privacy as a member of Hostplus
The information you provide in this form is collected by and held by Hostplus' Fund Administrator, Australian Administration Services Pty Limited (AAS) ABN 62 003 429 114 to administer your insurance within your Hostplus account. If you do not provide the requested information, we may be unable to properly administer your insurance. Your personal and sensitive information will only be disclosed to Hostplus staff as required, our administrators of AAS, our insurer(s) and/or our legal or other professional advisors if reasonably necessary.