Protecting Your Life, Income & Business
Insurance provides the money you need when things go wrong. If you have insurance, the cost of medical expenses, home alterations, funeral expenses, general living and business operations can be softened.
If you have debt, dependants or are running a small to medium business, its important to consider how financially prepared you are for a life-changing, tragic events, such as an unexpected injury, illness or death of you or your partner.
Personal Risk Insurance
There are different types of cover that falls under the heading Personal Risk Insurance, Depending on your circumstances you may need one or more of the following:
- Life Insurance
- Total and Permanent Disablement (TPD) Insurance
- Trauma Insurance
- Income Protection Insurance
- Children’s Trauma Cover
Business Risk Protection
Business Expenses or Business Overheads Insurance helps you meet you ongoing business expenses if you’re too ill or injured to work. This type of insurance is a financial back up plan for your business.
Business Expenses Insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery, and not your bills.
Insurance Through Super
Most super funds offer personal risk insurance to their members. Super funds typically offer 3 types of insurance for members:
- Death Cover
- Total and Permanent Disablement Cover
- Income Protection
Like other insurance policies, you will pay insurance premiums. If your insurance is through your super fund, the premiums are deducted from your super account balance.
There are benefits in getting your personal risk insurance through super:
- Can be cheaper in premium costs
- Can get the cover even if money is tight
- Easy to manage
However there are some disadvantages in holding insurance through your super.
Financial protection insurance is often overlooked when developing a financial plan. There are a number of options available. The best choice for you will depend on your circumstances.
Contact us today to make an appointment with an Adviser to discuss your life, income and business.