Personal Protection
Personal Protection
Personal Protection
Life
Life cover is just that, it pays out a lump sum should the insured person die during the policy term.
Life cover can be arranged in a variety of ways, depending on the type of cover being arranged.
Critical Illness
Critical illness cover is designed to pay out a lump sum on diagnosis of specified serious illnesses.
The cover will vary depending on the provider, but most will cover over 40 illnesses. Conditions such as heart attack, stroke, paralysis, major organ transplants, Parkinsons disease, many types of cancer, coma, and total permanent disability are just some of the conditions covered.
Income Protection
We insure our homes, our cars and our possessions but often we forget to protect what pays for it all, our earnings.
Income Protection pays a regular income if you can’t work due to illness or accidental injury. Paid tax free and directly to you, Income Protection can provide 50-60% of your normal gross income. Your policy will pay out until you return to work or until your cover end date.
Family Income Benefit
Whereas Life Insurance is designed to pay out a lump sum in the event of death, Family Income Benefit pays a regular monthly amount to replace the income lost in the event the insured person should die.
Private Medical Cover
Private Medical Cover covers the cost of private healthcare.
Like other insurance, you'll pay monthly or annual premiums - then, should you need private medical treatment, your provider will pay out for some or all of the cost.
Whole of Life
Whole-of-life insurance is a type of life insurance policy which ensures that, no matter when you die, your loved ones will receive a lump sum payout from your insurer. This is in contrast to term life insurance, which only guarantees that there will be a payout should you die within the specified term of the policy.