Life Insurance & Income Protection
Life insurance pays a lump sum payment upon death and depending upon the insurer will also be payable upon diagnosis of a terminal illness. The lump sum amount will be paid to the policy owner or nominated beneficiaries.
Total & Permanent Disablement (TPD) insurance will pay a lump sum or income stream in the event of illness or injury that renders you disabled and prevents you from working again. The majority of TPD claims are for cancer and mental illness.
Income Protection insurance covers your most important asset: your ability to earn a regular income. This type of insurance provides an income stream in the event you suffer a major illness or injury that prevents you from working.
Trauma insurance also known as Crisis or Critical Illness cover, pays a lump sum (full or partial depending on the situation) should a doctor diagnose you with one of the defined listed serious medical conditions or if you undergo certain medical procedures.
Business Expenses insurance can help meet your ongoing business expenses while you are temporarily unable to work due to injury or illness.
Key Person Insurance protects the business from the impact of losing a key person, such as their critical skills, profit generation and client base.