Protecting my Income and my Financial Lifestyle

There are four main types of insurance for you to consider to protect your income and your families life style.

Income Protection

Life Insurance

Protects your family and loved ones by providing them with money to carry on after your death and maintain the lifestyle you would wish them to have without financial difficulties. Funds to pay off the mortgage and pay for everyday living expenses is important.

Life cover pays a lump sum if you die or suffer a terminal illness where death is likely to occur within 12 months. It is also known as Term Life Insurance. Life insurance is one of the most common types of personal insurance and may even be a part of your superannuation benefits. It may not, however, be enough to ensure your family will be looked after. For example, would your insurance be enough to pay off your total debts and provide enough income for your family to meet their living expenses for the rest of their lives?

Total and Permanent Disablement (TPD)

TPD insurance can provide you with a lump sum payment in the event that you are unable ever to return to work as a result of a sickness or accident. It enables you to rearrange your life financially, perhaps pay off a mortgage, medical expenses and when combined with Income Protection can protect your life style in to the future.

Critical Illness

Provides a lump sum benefit in the event that you are diagnosed with a life threatening illness, such as Cancer, Heart Attack, Stroke and other nominated health conditions. Receiving a lump sum payment can assist you to access the best medical treatment available and the high cost associated with treatment and recuperation when suffering a life threatening illness. This money can also be used to assist you in your future lifestyle planning, such as reducing your mortgage or taking extra time off for recuperation.