Insurance

Life cover provides a lump sum payment if you pass away or become terminally ill.

This benefit can be used to help your family pay off debts, such as your mortgage, or to provide for future financial needs.

Trauma insurance provides a Lump Sum payment if you have a serious illness (specified in policy).

You can often choose to add trauma insurance (also known as critical illness insurance) to your life cover or purchase a policy separately. It pays a lump sum benefit if you’re diagnosed with a traumatic event, like cancer, or suffer a serious health event like a stroke. This benefit gives you choice and flexibility at a time when you need it most. It can help you focus on your recovery, get treatment or rehabilitation and pay for a carer. The benefit you receive depends on the level of cover you choose.

Total and Permanent Disability (TPD) cover gives you a Lump Sum if you are permanently disabled and can’t work.

You can often choose to add TPD cover to your life cover or purchase a TPD policy separately. If you’re totally and permanently disabled and unable to work again, TPD can help provide financial assistance to help with rehabilitation and general living costs. It pays you a lump sum benefit to help pay for rehabilitation treatments, medical expenses, long-term care and possible household modifications. You choose the level of cover that you think you’ll need.

Income protection helps you protect one of your most valuable assets – your income.

Income protection will provide a regular monthly payment of up to 70% of your pre-disability income if you are unable to work due to illness or injury.

Getting sick or suffering an injury is stressful enough without having to worry about finances. Income Protection can help you take care of your everyday living expenses, utilities, school fees or childcare while you’re unable to work. It will help provide you with financial support while you get back on your feet, without the worry of how you’ll pay the bills or take care of those who depend on you.

Before you choose any type of life insurance, you’ll need to work out what type suits your situation best and how much cover you need.

When calculating how much life cover you and your family may need, think about the assets you already have, like super and savings. Then think about what financial debts you’d like to pay off like your mortgage, medical expenses or other personal loans and how much you’d like to leave your family to meet their financial needs now and into the future.

By making sure you have the right type of life insurance, you and your family can face the future with greater peace of mind.

Call (02) 9231 1890 to speak to our Insurance agent.

Note – we do not provide any Insurance or financial advice. For specific Insurance related advice, you may wish to speak to your Financial advisor.