Macquarie Life has joined forces with Teachers Health Fund to provide life insurance cover to its 200,000 member base. As part of the agreement, Macquarie’s new bundled life, trauma and total permanent disability product, Macquarie Life Active, will be exclusively marketed by Teachers Health Fund to its members.
The move follows the launch of Macquarie’s risk product earlier this year and has seen more than a thousand individuals applying for cover since it was rolled out to the market in June. By targeting Teachers Health Fund members through partnership, Macquarie hopes to see an increase in the take up of its cover, which it believes naturally complements health cover.
Teachers Health Fund will be offering Macquarie Life Active to its members through its Teachers Insurance Services joint venture with Nadic Insurance Brokers, and members will be able to access assistance from its licensed advisers as required.
