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Insurance |
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Business Insurance
Business insurance can help protect your business against a variety of risks, including fire, theft, legal liability or the death or disability of key personnel. In addition, business insurance can assist to stabilise your business through the establishment of better credit relations and provide a practical plan for the retirement of business interests in the event of the death or disablement of one of its owners. Business insurance is particularly important for small business owners, who often have a significant proportion of their wealth tied up in their business. |
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Income Protection Income Protection Insurance is worth considering for anyone who currently relies on their salary to meet the costs of living. It can cover up to 75% of your income in the event that you are unable to work due to sickness or injury. Payments are generally made as regular income after an agreed waiting period during the time that you are unable to work. These can continue until you reach 65 years of age, or may cease after a set period, depending on the level of cover you purchase. |
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Life Insurance Life insurance provides a cash lump sum to your estate – usually your family – in the event of your death. The purpose is to provide a source of income for your children, dependants or other beneficiaries. It can also assist in other estate planning purposes, such as providing money to chosen charities, paying for estate taxes or providing for a pay-out for a business interest. Life insurance covers almost all causes of death, except suicide during the first 13 months of cover. Some policies also pay on the diagnosis of a terminal illness. Fact: 3 out of 4 Australian families will be touched by cancer. It is a sad fact that many Australian families remain dangerously under-insured. A recent sample survey of families indicated that 84% insure their car comprehensively and 88% insure home and contents. Why is it that so many fail to insure their most valuable asset of all? |
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Total and
Permanent Disability
This cover provides you with a lump sum benefit in the event that you suffer total and permanent disablement, rendering you unable to earn an income. The payment can be used to pay ongoing medical expenses, make necessary home modifications, or to hire home care services such as nursing, cleaning and cooking. Fact: More than 60% of Australians will be disabled for more than one month during their working life and more than 25% will be disabled for more than three months |
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Trauma Insurance A critical illness can be just as damaging to family finances as a death, particularly if the illness is long lasting. Trauma insurance will pay you a cash lump sum if you suffer any specified major disease or injury such as a heart attack, stroke or cancer. Unlike Life Insurance, trauma insurance is paid when the diagnosis is confirmed, not when you die from the condition. This means that the lump sum can be used when it is needed most – to pay for hospital and medical bills and to relieve other debts to help ease financial pressure during this difficult time. |
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