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Our Financial Services
The personalised service and attention to detail we offer with all our clients is something we pride ourselves on.
Life Insurance
What is it?
Life insurance provides a lump sum payment when you die or are diagnosed with a terminal illness during the term of the policy.
You have the freedom to nominate the beneficiaries who will receive the life insurance payout and use this type of cover to provide financial support for your loved ones when you’re no longer around.
Life insurance is sometimes also referred to as life cover or death cover.
Why would I consider this type of cover?
There are several situations when purchasing a term life insurance policy can be extremely beneficial, such as:
- If you have financial dependants who rely on you, for example your children or spouse
- If you have a mortgage or other significant debts
- If you want to be able to leave something behind for your family when you die
What does it cover?
A life insurance benefit payment can be used to:
- Replace your lost income
- Repay your mortgage and other debts
- Help your family meet ongoing expenses
- Pay for the cost of your funeral
- Ensure that your loved ones can maintain their current standard of living should you pass away unexpectedly
Income protection Insurance
What is it?
Income protection insurance pays an ongoing monthly benefit to replace your income when you are ill or injured and unable to work. Most policies will replace up to 75% of your regular income and may also offer cover for involuntary unemployment.
You also have the freedom to choose:
- The waiting period. This is the amount of time between when you suffer your illness or injury and when you start receiving benefits.
- The benefit period. This is the maximum length of time for which your policy will pay an ongoing benefit.
Why would I consider this type of cover?
Income protection insurance is an important consideration for many sole traders and small business owners, including tradies and basically anyone whose business relies on their ability to work in order to continue functioning. It’s also a worthwhile investment if the income you earn is crucial to your ability to pay the rent or mortgage and meet other ongoing expenses.
Income protection benefits can be used to:
- Replace your income
- Pay the mortgage/rent and help you repay other debts
- Provide for your family and cover other ongoing expenses
- Eliminate money worries so that you can concentrate on your recovery
Trauma Insurance
What is it?
Trauma Insurance is designed to provide cover when you suffer from a serious illness or health condition. When you experienced a specified trauma event, for example heart attack, cancer or stroke, trauma insurance provides a lump sum benefit. This type of cover is sometimes also referred to as critical illness insurance.
Why would I consider this type of cover?
Trauma insurance provides financial protection for you and your loved ones in the event that your life is turned upside down by serious illness. The benefit you receive can be used to:
- Cover your medical and rehabilitation costs
- Help a loved one take time off work to act as a carer
- Replace lost income
- Help you repay debts and meet other ongoing expenses
Take a holiday/more time off work to help you recover
Total Permanent Disability
(TPD) Insurance
What is it?
TPD provides a lump sum payment if you suffer a serious illness or injury that leads to total and permanent disablement. In order for a claim to be paid, you will need to be unable to be likely to ever return to work again.
Why would I consider this type of cover?
TPD insurance can be used to provide crucial financial security if you suffer an illness or injury and are unable to work again. If you have dependants, outstanding debts or other financial obligations, or if your financial standing relies on your ability to earn an income, TPD insurance is well worth considering.
A TPD benefit payment can be used to:
- Cover medical expenses and pay for your rehabilitation
- Pay for the cost of home modifications
- Repay the mortgage and other debts
- Reduce the impact of the loss of your income
- Help you and your loved ones manage other ongoing expenses
Business Insurance
What is it?
Why would I consider this type of cover?
Trauma insurance provides financial protection for you and your loved ones in the event that your life is turned upside down by serious illness. The benefit you receive can be used to:
- Cover your medical and rehabilitation costs
- Help a loved one take time off work to act as a carer
- Replace lost income
- Help you repay debts and meet other ongoing expenses
Take a holiday/more time off work to help you recover