For Clients
Before you cancel,
take a breath.
You've paid premiums for years. Maybe decades. The policy that protected your family still has value - even if affordability has shifted. Witton Lane works with iExtend to give you a genuine alternative before that protection disappears.
What iExtend does
A zero-premium path to keep your cover alive.
iExtend may take over the cost of your premiums in return for a share of any future claim. You stop paying. Your cover continues.
If a claim is ever made, the proceeds are shared between your beneficiaries and iExtend on terms agreed up front - no surprises.
For many Australians over 55, this is the difference between a lifetime of premiums producing nothing and a final outcome that honours that investment.
How the choice reaches you
Two options. One clear decision.
Option A - Review with iExtend
Witton Lane and iExtend initiate a no-cost, no-obligation review of your policy to see if it qualifies for premium takeover.
Option B - Proceed with cancellation
Confirm to your adviser that, with the alternative understood, you still wish to cease cover. Your decision is logged and documented.
What the policy still pays
See exactly what your cover keeps - and what iExtend receives.
Move the slider to your original sum insured, then choose the year a claim might be paid. The pre-agreed share follows the same schedule iExtend publishes for every Australian client.
Cover Share Calculator
See what the policy keeps - and what it pays.
Under the iExtend Co-Ownership Arrangement, iExtend pays all future premiums and shares any successful claim with the policy holder's beneficiaries. The pre-agreed share depends on how long the policy has been co-owned.
Year of co-ownership when the claim is paid
Pre-agreed share schedule
If claimed in year 1
Policy still pays $750,000
To the estate / beneficiaries
$450,000
60% of original sum insured
Retained by iExtend
$300,000
40% - recoups premiums paid on the client's behalf
Without the Arrangement, a cancelled policy pays nothing. With indexation, the estate share may be higher than shown - the original sum insured grows over time.
Illustrative - not a quote or advice
You earned this cover. You deserve a real choice before it disappears.
Speak with your adviser →