Type of Policy
Insurance Policies
Income protection insurance is designed to replace up to 75% of your income if you become injured or sick and cannot work
Income protection is particularly important as your ability to earn an income is probably the most valuable asset you have. If you were to be injured or get sick and were unable to work for several years, how would you meet your monthly commitments like mortgage repayments, bills and other expenses?
The premiums you pay for this type of insurance are tax deductible to the owner of the policy as an individual or company. You can insure a maximum of 75% of your income although some insurance companies provide booster payments or additional amounts on certain claims that will increase this percentage.
Life insurance is designed to pay a lump sum benefit on the death of the life insured, and in certain conditions on suffering a terminal illness.
When calculating the amount of life cover you will need, debt clearance and a lump sum that can be invested to replace your loss of income are important considerations. The lump sum can be invested to provide an income stream for your dependants to meet future expenses.
TPD insurance pays a lump sum benefit on the event of a person becoming totally and permanently disabled. It is designed to provide a lump sum to pay off loans and provide funding for medical expenses and any home modifications that you might require as a result of total & permanent disability.
Trauma or critical illness insurance pays a lump sum benefit in the event that you suffer a major illness and it is listed in the critical conditions covered. Some of the trauma /critical illnesses covered include, Heart Attack, Cancer, Blindness, Deafness, Major brain surgery, Major burns, Major organ transplant, Multiple Sclerosis, Muscular Dystrophy, Parkinson's Disease, Paralysis, Stroke etc.
Business expense cover provides a monthly benefit to reimburse certain business expenses if you are unable to work because of injury or sickness. The type of expenses covered include, rent or mortgage payments, rates & taxes, leasing costs of business equipment, salaries of employees not generating business income, accounting fees, etc.
Features, benefits and cost of insurance have gone through considerable change in recent years.There Are also tax and legislative changes that make a regular insurance review even more important. Contact us to see how you could benefit from an obligation free review.
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 Income Protection
Life Insurance
Total & Permanent Disability
Trauma & Critical Illness
Business Expense Cover
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