Insurance / Protection

Insurance / Protection

Personal insurance is important for several reasons. They key part is to understand what you have and if it will actually fulfill its purpose should you need to claim.

Insurance can help protect you against financial loss in the event of an unforeseen event such as an accident, illness, or natural disaster. Without insurance, you may have to pay for unexpected expenses out of pocket, which can be financially devastating.

It also provides peace of mind, knowing that you and your loved ones are protected.

What are the types of cover to consider?

  • Life insurance: Life insurance provides a lump sum payment to your beneficiaries in the event of your death. This can help to ensure that your loved ones are financially protected after you are gone.
  • Income protection insurance: Income protection insurance provides a regular income if you are unable to work due to illness or injury. This can help to cover living expenses and maintain your standard of living.
  • Total and permanent disability (TPD) insurance: TPD insurance provides a lump sum payment if you are totally and permanently disabled and unable to work again. This can help to cover medical expenses and ongoing living expenses.
  • Trauma insurance: Trauma insurance provides a lump sum payment if you are diagnosed with a specified medical condition, such as cancer or a heart attack. This can help to cover medical expenses and ongoing living expenses.

How much cover do I need?

Everyone is different and that why we complete a needs analysis to help determine the levels of cover required. We work with you to ensure they are structured correctly, sustainable, and most importantly fulfill their purpose should you need to claim. Your circumstances will change over time that’s why we review your policies to ensure they remain appropriate.

Life is unpredictable, but protecting your income and loved ones with insurance can provide peace of mind and ensure financial stability during difficult times.

– Unknown

We’d Love to Help You With Your Financial Plan