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Critical Illness and Risk Insurance – How’s YOUR health looking?

Do you have Insurance coverage to protect the lifestyle of your family in case of something unexpected?

Insurance is the foundation that all other investments are built upon. To secure your current lifestyle, investments and occupations, the following contingencies need to be addressed:

Life & TPD Insurance Cover

The most common form of cover is Life Cover which provides a lump sum benefit to the policy owner on death of the life insured. This cover financially protects families and/or businesses from the misfortune of death.

Total and Permanent Disability (TPD) insurance provides cover in the event that you become disabled or lose your independence in any way which will stop you from ever working again.

Trauma Insurance Cover

Trauma Cover provides you with a lump sum in the event of a specified illness. For example, if you have a heart attack or stroke or are found to have a serious cancer an automatic lump sum will be paid to you. It was designed to fill the gap that neither income protection nor private health cover would extend to cover.

Income Protection Insurance

A comprehensive Income Protection policy will replace your income up to a level of 75% of normal gross income, during a period of temporary sickness or illness or in the event that you are off work for an extended period.

Your ability to continue earning income is your most important financial asset. It is the major contributing source of current and future desired lifestyle and as such you should take appropriate steps to fully insure it with Income Protection

There is flexibility when it comes to how you can structure and pay for your insurance. You can either pay for this personally or structure this so that it is owned and funded through super. In most cases you are able to claim a tax deduction for the premium paid.

To give you an insight on the importance of having personal protection, an average of $14.4 million in was paid to 244 Australians every working day during 2010 (AFA statistics).

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