To ensure your investment goals are met, your ability to meet your needs must also be met. This is where personal insurance comes in. It can provide you with a contingency plan to fall back on, where an agreed benefit will be paid to you or your loved ones on the happening of an insurable event such as:
- Serious illness or accident
- Total and permanent disablement
- Inability to earn your income due to sickness and/or injury
Personal insurance includes:
Term Life InsurancePays a lump sum on death or terminal illness.
Total and Permanent Disablement InsurancePays a lump sum if you are totally and permanently disabled due to illness or injury.
Trauma InsurancePays a lump sum if you suffer a specified medical condition. The condition does not necessarily need to prevent you from working or carrying on with your day-to-day life.
Income Protection InsurancePays a replacement income if you can’t work at full capacity or at all, due to sickness or injury.
Business Expense InsuranceProvides reimbursement of fixed operating expenses of your business if you can’t work due to sickness or injury.
Key Person InsuranceKey person insurance, is not a type of insurance product, it is a concept. It is simply Term Life, TPD or Trauma insurance on the life of a key person in the business.
Child CoverPays a lump sum benefit if your child dies or suffers a specified medical condition.
If you’re concerned with the costs of such insurance, rest assured, the cost is insignificant when you consider the alternative. We can structure some policies in such a way, that their premiums do not effect your day-to-day cash flow. Contact us today to discuss your personal insurance needs.