Personal and business insurance

Life insurance pays a lump sum if you die or become terminally ill. If you die, a lump sum is paid to your beneficiaries or estate. Beneficiaries can use the lump sum to repay debt, pay for children’s education and long-term care, or any other purpose.

TPD insurance pays a lump sum if you suffer an illness or injury which totally and permanently prevents you from working again.

 Trauma (or critical illness) insurance generally provides a lump sum upon diagnosis of a specific illness or injury.   This can help with medical costs and time away from work. 

Income protection, otherwise known as salary continuance, provides a regular income if you are not able to work due to sickness or injury. This type of insurance can be extremely important if you have loans or geared investments where the loan repayments are dependent on your income. 

 If a key person is unable to work due to accident, illness or death, this may have a consequential financial impact on your business. Insuring your key people, can enable you to receive a lump sum to increase the working capital of the business and ride through the possibilities of a difficult period. 

Debt protection can provide a business with the ability to reassure creditors and maintain credit status if a business owner dies or is unable to work due to disablement or trauma.

 A Group Insurance plan provides protection for your employees with cover for life, disability and income protection. 

The successful running of a business can be critically impacted if a business owner dies or is unable to work due to illness or disability. Incorporating a buy/sell agreement into a business’ succession plan can help to facilitate a smooth transition of ownership to remaining owners.