Income Protection Insurance is the most important ‘living’ insurance cover you can have. Why? Because without your income, you cannot continue to pay your mortgage, put food on the table or carry on life financially. Income Protection Insurance provides a regular earnings replacement if you suffer an illness or injury and are temporarily unable to work. This will help you maintain your family’s lifestyle until you are able to return to work.
Total and Permanent Disability (TPD) Insurance provides a lump sum payment if you suffer an illness or injury and are permanently unable to work. This will help you maintain your current lifestyle while paying the additional expenses that arise as a result of an ongoing illness or injury.
Trauma Insurance provides a lump sum payment if you suffer one of a list of major medical traumas (cancer, stroke, heart attack etc) and will help you obtain the best medical and rehabilitation care. There can be significant differences between different insurance policies and no more so than Trauma. Approximately 80% of claims paid out for Trauma are for Cancer; Stroke; or Heart Attack and having an affordable, quality policy is key. If you are unfortunate enough to suffer a trauma event, this insurance can make a significant difference to how you cope with it financially, both while you are acutely affected by the trauma event, but equally importantly to give you financial options after the event occurs.
If you want the peace of mind that comes with knowing that whatever happens in the future you and your family have taken steps to be financially secure, we can help. Contact Us today to make an obligation-free appointment with one of our financial advisers.