Risk Management for you and your loved ones…
- Up to 95% of the community is dangerously underinsured (usually super default cover)
- An unforeseen event will affect 1 in 5 families (accident, illness or death)
Personal Insurance is a financial product where a sum of money (lump sum or monthly benefit) is paid to the insured person or family or other beneficiaries in the event of an ‘insurable event’.
An ‘insurable event’ can include premature death, accident, temporary or permanent illness of the insured…
- 1 in 2 men and 1 in 3 women will be diagnosed with cancer
- $1.2 million over the age of 18 suffer from diabetes (Indigenous 4 times more likely to suffer from diabetes than non-indigenous)
- 57,000 suffered a heart attack (1 in every 10 minutes) (Indigenous 70% more likely to suffer heart attack then non-indigenous)
The Value of You. Most insure their home or other property against loss without giving it a second thought… So should you insure your most valuable assets? YOU…
Personal Insurance (managing risk) is an essential part of any financial planning process. Insurance will ensure those who depend on you will not be at a financial disadvantage in the event of your accident, illness or death. Have you ever considered, how will my family cope should myself or my partner die??
Life Insurance: Provides a lump sum payment to you or your beneficiaries when you die or diagnosed with a terminal illness (that will end in death within a specified period). Life insurance will help your dependants take care of any financial obligations your family will endure after you are gone.
Total and Permanent Disability (TPD): Provides you with a lump sum payment in the event you become totally and permanently disabled and are no longer able to work.
Trauma: Provides you with a lump sum to help you meet financial obligations, medical expenses when you have suffered a medical trauma e.g. heart-attack, cancer.
Income Protection: Provides you with a monthly income benefit if you are unable to work in the event of injury or serious illness.