Term Life Insurance
Term Insurance policies provide an agreed benefit on death or terminal illness of the life insured.
Total & Permanent Disability Insurance (TPD)
TPD benefits are paid if the insured is disabled as defined in the policy. Generally speaking it means that because of a sickness or injury the insured is unable to work in their own occupation for which they are suited by training, education or experience.
Trauma Insurance / Critical Illness Insurance
Trauma Insurance also known as critical illness insurance pays a lumpsum benefit if the insured suffers one of the listed events covered by the policy such as heart attack, stroke, cancer etc.
Income protection is also known as income replacement or salary continuance. Income protection pays a regular amount in the event the insured is unable to work in their occupation due to illness or injury. It replaces a percentage of the insured’s income while they are unable to work.
Insurance is a variant to an Income Protection policy for business owners where in the event of disability approved business expenses are paid for up to a year.
Key Person Insurance
This type of insurance is designed to protect a business in the event of the death or disablement of a key individual. Such individuals are those who make a significant contribution towards the profitability or stability of the business.
Business Succession Insurance
Various combinations of life insurances can be used to help protect a business from death or disablement of a key person and these are tied together with a legal agreement to provide certainty as to when, and where insurance proceeds will go as well documenting any change to the agreed upon ownership structure.