Life is a risk! No one knows what happens tomorrow. A lot of people won’t drive cars without car insurance. But to the most valuable asset, you, some people forget to have insurance to protect it!
What happen if you can go to work tomorrow, and who is going to pay the bills?
What happen if you are diagnosed with the major illness, who is going to pay the medical bills and recovery costs?
What happen if you lose the ability to work and can’t earn any money, who is going to pay the all the all living expenses?
What happen if you pass away and leave no money for your family, who is going to pay the mortgage and look after your children?
Life insurance is designed to solve these problems for you.
Life insurance can ensure that you and your dependents are financially secure in spite of unexpected debilitating events occurring. The insurable events include death, permanent disability, critical illness; and incapacity to work as a consequence of illness, accident or injury. As provided in the relevant policy documentation, personal risk (life) insurance policies will provide a lump sum payment or an ongoing income stream as a consequence of these events.
The insurance company pays a lump sum in the event of death or Terminal Illness.
Life Cover is available under an Ordinary Plan when acquired by you, or under a Superannuation structure.
The insurance company pays a lump sum for total and permanent disablement (according to the definition that applies to you).
TPD cover is available under an Ordinary Plan when acquired by you or under a Superannuation Plan when acquired by the trustee of a superannuation fund.
The insurance company pays a lump sum if you are diagnosed with certain medical conditions, such as Cancer, a Heart Attack or a Stroke.
Trauma cover is only available under an Ordinary Plan.
The insurance company pays a monthly amount if you are disabled due to Injury or Sickness and therefore unable to work.
For Income Protection Essentials benefits The insurance company will pays a monthly benefit if you are deemed to have met the definition of Loss of Independence.
Income Protection cover is available under an Ordinary Plan when acquired by you or under a Superannuation Plan when acquired by the trustee of a superannuation fund.
How much life insurance do you need?
We can undertake a detailed evaluation of your needs for the financial protection you are likely to require as a consequence of one of the above events. Our recommendations will be delivered in personalized, comprehensive insurance portfolio advice. In arriving at our recommendations, we will work with you to determine what financial support you wish to provide for those dependents on you to be able to maintain an acceptable lifestyle into the future, including –
- to meet debt repayments,
- attend to major home replacement/ renovation needs, or
- generate an ongoing income stream – and with that,
- retain peace of mind about their financial future.
Surveys over the past decade have shown that Australians are substantially under-insured: don’t leave you family in financial distress as well as suffering the emotional upset of losing you, or losing your ability to continue to provide for them as a consequence of one of those debilitating ‘health’ events!
Because the concern over the level of under-insurance in Australia, the government has mandated that superannuation trustees (including members of self-managed super funds) now consider the life insurance needs of their members.
Contact us today for the free insurance consultation!Contact Us Now!