Income Protection
Income Protection Insurance is comprehensive cover that ensures you are able to meet your financial commitments by providing regular payments if you are unable to work due to sickness or injury. This insurance is often referred to as Salary Continuance, Income Cover or Income Protection. This insurance can be established both internally and externally of your superannuation providing much needed cover while keeping your cash flow in order. Waiting and benefit periods vary and will affect the premium accordingly.
Trauma Cover
Trauma Insurance provides you with a lump sum payment if you survive the occurrence of a serious medical condition (such as cancer, stroke or heart attack). Trauma Insurance is without question one of the most comprehensive and valuable insurances available on the market. This cover can be elected with various options to ensure that lump sum payments are made when they are most needed such as for large medical expenses, time off work, lifestyle modifications and to cover any other items that may be associated with a major medical or traumatic event.
Total and Permanent Disability (TPD) Cover
Total and Permanent Disability Insurance provides you with a lump sum payment if sickness or injury leaves you totally and permanently disabled. This lump sum is designed to extinguish debt and pay for the necessary expenses associated with a major accident or illness. This cover is typically aligned with your life insurance and can be established internally or externally of your superannuation.
Life Cover
Life Cover or Life Insurance provides a lump sum payment in the event of your death (or terminal illness in some instances). Comprehensive life cover will provide your estate or loved ones with the ability to cover all costs associated with your death, extinguish debt and ensure a legacy remains to aid those you leave behind. Life cover can be established in various ways and should form a crucial part of your financial plan.
Business Insurance
Business Insurance is often referred to in many ways. Business Expense Insurance, Key Man Insurance, Buy/Sell agreements, Trust Agreements and general life cover make up some of the most commonly used terminology. Ultimately adequate business insurance will ensure that one of your greatest assets will continue unchanged should you die or become ill, and your estate will be able to realise the equity within the business that you have worked so hard to establish.
