How much cover you need depends on your personal circumstances – family situation, age, income and expenses, assets and debt.
Your financial adviser will review your personal circumstances and advise you on the amount and type of personal risk insurance you need. We will review any personal insurance you already have and advise you whether it still meets your needs.
Personal insurance can be categorised into the following areas:
Life Insurance – pays out a lump sum to provide financial security to beneficiaries in the event of death of the insured
Income Protection – provides an income when you cannot earn one due to severe illness or disability. This will allow you to continue meeting your financial commitments (ie mortgage, school fees, food) throughout your illness.
Trauma/Crisis Events – when an unpredictable event – such as physical impairment, heart attack, cancer and stroke occur – without discrimination.
Total and Permanent Disability – will provide a lump sum payment to you should you suffer an illness or injury which totally and permanently prevents you from returning to work.
Protection against life’s uncertainties is sensible financial management. Investing in personal insurance will ensure that you and your family can continue to enjoy the quality of life that you want.
Having insurance can provide financial protection for your family’s personal needs. Insurance can be structured to provide for such things as the repayment of your debts upon death or disability, financial assistance for dependants and protection against the loss of income.