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Insurance Overview
Personal risk management involves protection for the family and the individual, in terms of maintaining lifestyle in the event of premature death, disability, diagnosis of major traumatic conditions, or being unable to work through sickness or accident.
Income Protection
Maintaining your income and lifestyle despite being unable to work through illness or injury is of paramount importance. These policies are able to replace 75% of your income following an agreed waiting period for the period you are disabled, or until normal retirement age (65 years of age).
These premiums are tax-deductible to the individual or company, depending on the employed status of the individual.
Group Income Protection
A group Income Insurance Plan is essential for the protection of all Partners/Owners and their key staff in the Medical, Legal and Accounting Practices and offers a significant cost saving over individual plans. To find out more click on the relevant - Medical, Legal or Accounting profession.
Life Insurance
Term life, Trauma and Total & Permanent Disability insurance provide lump sums in the event death, diagnosis of traumatic conditions (pre-dominantly cardio-vascular disease and cancers), and inability to work ever again because of illness or accident. These lump sums can be used to:
- Retire debt totally so as a surviving spouse does not have the need to service that debt any longer with reduced family income;
- Provide funds for domestic assistance to a surviving spouse;
- Assist with the costs of significant health issues;
- Provide funds for changes to accommodate a disabled person; and
- Provide resources to maintain the family’s lifestyle.
Structuring your personal insurance can be difficult. If you need any assistance, or would like to cost an appropriate level of cover for you, please contact one of our advisers.
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