Insurance

Term life insurance

Life insurance pays a lump sum to your family in the event of your death. Although this type of insurance has no saving or investment value, it ensures thart your loved ones can either pay out debts or keep up repayments on the family home, service any other outstanding debts and maintain their existing quality of life.

Trauma insurance

Trauma cover offers a lump sum payment on diagnoses of around 30 critical illnesses such as heart attack, stroke, canver or dementia. This may be an invaluable contingency plan to insure your family's financial security is not affected in the event of your long term illness.

Total and permanent disability

TPD pays a lump sum to you or your family upon the occurrence of an event which affects your ability to perform your normal duties. This may be a Partial or Total Disability of a permanent nature. Funds may be used to meet debt repayment and lifestyle requierment or to effect required moditfications to your house or car as a result of the event.

Income protection insurance

This policy is a cost-effective safety net that protects your income if you're unable to work due to injury or illness. It offers a regular payment(up to 75 per cent of your average monthly income) to ensure you and your family can maintain your current standard of living until you return to work. Based on current tax laws, premiums for income protection insurance are generally tax diductible(excludin accidental Lump sum Option). This makes income protection insurance even more affordable.

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Most people believe their greatest asset is their home, care or investment portfolio. However, if you stop and think what life would be like withour regular income,m your most important asset is probably y9ou earning vcapacity, including the life of the person who earn that income.