Life Cover
We can help you obtain the right finance to get your hands on the equipment you need to grow, while keeping the all-important cash flow and working capital at healthy levels.
What is life insurance and how it can help everyday Australians?
No one likes talking about death, but unfortunately, it’s a part of life. If you want to ensure your family is financially secure when you pass on, then you need life insurance. Often referred to as term life insurance or death cover, life insurance ensures a set amount of money is paid to nominated individuals in the event of your death. In Australia, if you do not legally nominate individuals, then a trustee, or your estate, will determine where this money goes.
How much life insurance you need depends on you and your family’s financial circumstances. When determining your level of life insurance, you need to consider all your current debts and loans, as well as your children’s future childcare and education costs. You also need to decide how much income your family would need to live comfortably.
It’s important that you and your family discuss an action plan to enact in the event of your death for their financial security. Consider what their earning capacity would be without you, and if they could downsize, or relocate, to pay off outstanding debts or mortgage.
What are the benefits of life insurance?
Life insurance is the best way to protect your family if you pass away. The lump sum payment that they receive in the event of your death can:
- Cover funeral expenses
- Cover your family’s daily living costs
- Maintain your family’s current quality of life
- Repay outstanding mortgages, debts and personal loans without selling off assets
- Contribute to, or cover, the education of your children/grandchildren
- Be bequeathed to charities, or non-for-profit organisations
Whatever your financial situation or earning capacity, life insurance will protect your family if the worst is to happen.
If you don’t want your family to suffer financially when you’re gone, you should speak with one of our friendly financial advisers today to discuss life insurance. Our team of understanding advisers will help you work out the right amount of cover you need to protect your family’s income and lifestyle. Life cover has stepped and level premium options, and our financial advisers can help tailor your policy to best suit your financial situation.
Discuss life insurance with us today
“Our advisers get to know you and will determine the sum of cover you and your family would need in the event of death.”
Trauma Cover
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Find out moreabout Trauma Cover
Income Protection Cover
Income protection is an ongoing benefit paid to the insured person in the event they cannot work due to partial or total disability for a specified time. In Australia, you can apply for up to 85% of your pre-tax income to protect you and your family’s finances when you need it most.
Find out more aboutIncome Protection Cover
Total & Permanent Disability Cover
Total and Permanent Disability insurance, or TPD insurance, is a benefit paid to an insured person if they become totally and permanently disabled. This benefit can help you and your family pay for medical, rehabilitation and ongoing care costs.
Find out moreabout TPD Cover
