Life Insurance

Total & Permanent Disablement

This type of insurance provides a lump sum payment if you become totally & permanently disabled. The meaning of total & permanent disability is defined in each policy document. Some occupations have an option as to which meaning of total & permanent disability can be insured. The benefit is normally provided as an advance payment of a death benefit or on a stand-alone basis.

Trauma/Critical Illness Insurance

This type of insurance provides a lump sum payment in the event of you being diagnosed with one of a specified range of critical illness (heart attack, cancer or stroke etc) or critical injuries (such as paraplegia). The list of conditions covered is often optional, and varies between companies, as do the definitions of those conditions. The benefit can be provided as either an advance payment of a death benefit or on a stand-alone basis. In the event of diagnosis of a critical illness or injury, a lump sum of capital would be essential to provide for debt reduction, and provide capital for unforseen expenses, rehabilitation costs and lifestyle changes. A lump sum of capital can fund an extended period away from work and ensure cost is not a restraint to getting the best available care or treatment.

Income Protection

This type of insurance provides you with a regular source of income should you be unable to work for a period due to sickness or injury. You can generally insure for up to 75% of your normal income and there are a number of options available relating to waiting periods and benefit periods.

Business Overheads

This is a specialised form of risk insurance designed for people who are self employed or in a partnership. It provides for a regular payment to cover the fixed costs of running the business should you be unable to work for a period due to sickness or injury.

Keyperson Insurance

This type of insurance is designed to protect a business in the event of the loss of a person who makes a significant contribution towards the profitability of the business. The policy is usually owned by the business and the purpose of the policy needs to be classified as revenue or capital related for taxation purposes

Guarantor Protection Insurance

This type of insurance ensures that on death, critical illness or total & permanent disability of a business owner, who may have provided guarantee for a business loan, the loan can be repaid in full. This benefits the guarantor and their estate in protecting their personal assets.

Shareholder/Partnership or Buy/Sell Protection

A buy/sell agreement is a business plan made between the owners of a business to ensure that if certain specified events occur that removes one of them from the business, then the remaining owners can not only continue the business without financial hardship, but also payout the exiting owner at an agreed amount. Put simply, this is a business will.

A legal buy/sell agreement and an accompanying insurance policy can alleviate the consequences that death, total & permanent disability, or traumatic illness of one owner may cause to a business.




			Life Insurance Life Insurance Total & Permanent Disablement Trauma/Critical Illness Insurance Income Protection Business Overheads Keyperson Insurance Guarantor Protection Insurance Shareholder/Partnership or Buy/Sell Protection Life Insurance This type of insurance provides a lump sum payment to a beneficiary, third party or an estate in the event of your death. It would also be normal for all or part of the benefit to be paid, should you be diagnosed as terminally ill with less than 12 months to live. Your life insurance policy will protect your family's financial future and will ensure that they don't have to deal with financial loss in addition to the loss of you. Total & Permanent Disablement This type of insurance provides a lump sum payment if you become totally & permanently disabled. The meaning of total & permanent disability is defined in each policy document. Some occupations have an option as to which meaning of total & permanent disability can be insured. The benefit is normally provided as an advance payment of a death benefit or on a stand-alone basis. Trauma/Critical Illness Insurance This type of insurance provides a lump sum payment in the event of you being diagnosed with one of a specified range of critical illness (heart attack, cancer or stroke etc) or critical injuries (such as paraplegia). The list of conditions covered is often optional, and varies between companies, as do the definitions of those conditions. The benefit can be provided as either an advance payment of a death benefit or on a stand-alone basis. In the event of diagnosis of a critical illness or injury, a lump sum of capital would be essential to provide for debt reduction, and provide capital for unforseen expenses, rehabilitation costs and lifestyle changes. A lump sum of capital can fund an extended period away from work and ensure cost is not a restraint to getting the best available care or treatment. Income Protection This type of insurance provides you with a regular source of income should you be unable to work for a period due to sickness or injury. You can generally insure for up to 75% of your normal income and there are a number of options available relating to waiting periods and benefit periods. Business Overheads This is a specialised form of risk insurance designed for people who are self employed or in a partnership. It provides for a regular payment to cover the fixed costs of running the business should you be unable to work for a period due to sickness or injury. Keyperson Insurance This type of insurance is designed to protect a business in the event of the loss of a person who makes a significant contribution towards the profitability of the business. The policy is usually owned by the business and the purpose of the policy needs to be classified as revenue or capital related for taxation purposes Guarantor Protection Insurance This type of insurance ensures that on death, critical illness or total & permanent disability of a business owner, who may have provided guarantee for a business loan, the loan can be repaid in full. This benefits the guarantor and their estate in protecting their personal assets. Shareholder/Partnership or Buy/Sell Protection A buy/sell agreement is a business plan made between the owners of a business to ensure that if certain specified events occur that removes one of them from the business, then the remaining owners can not only continue the business without financial hardship, but also payout the exiting owner at an agreed amount. Put simply, this is a business will. A legal buy/sell agreement and an accompanying insurance policy can alleviate the consequences that death, total & permanent disability, or traumatic illness of one owner may cause to a business.