Types of insurances we offer;
Income Protection Insurance
Income Protection Insurance (Agreed Value or Indemnity) provides replacement of your income while you are Totally or Partially Disabled and unable to work as a result of either sickness or injury.
Cover is provided on a 24/7 basis and covers the individual worldwide. Whilst the benefits are tax assessable as income, premiums are 100% tax deductible.
Cover is generally restricted to 75% of pre-existing income and a range of additional benefits can be included at an additional cost.
Total & Permanent Disablement
Total & Permanent Disability (TPD) provides cover if you are disabled during the term of the policy, you or your beneficiaries will receive a pre-determined lump sum. In most cases the benefit payable is tax free. This too can be provided as part of Superannuation or as standalone cover outside of Super.
Life Insurance (Or Death Cover)
Life Insurance Cover Provides a benefit for Death from any cause including Suicide after the policy has been in force for 13 months. This type of insurance can be included either within your Superannuation or outside.
Trauma Insurance
Trauma cover provides a lump sum benefit if you suffer a disability or are diagnosed with one of the critical illnesses covered by the policy. It is a Stand Alone policy can be held separately and pays the benefit tax -free on proof of diagnosis. One’s capacity to continue working is not a consideration in assessing a claim. Generally this cannot form part of Superannuation.
Business Overheads Insurance
Similar to Income Protection cover but provides you with income cover for your business expenses if you are disabled. If you are unable to work because of a sickness or injury you will receive a monthly benefit for up to one year after the waiting period for any one claim.