Provides a lump sum payment upon terminal illness or death – this can be used to repay debts, cover final expenses and also to provide financial support to your loved ones once you can no longer do so yourself.
Total & Permanent Disability Insurance
Provides a lump sum benefit in the event you are unlikely to ever return to work due to total and permanent disablement – this can be used to repay debt, modify your home to suit your new needs and also to replace income lost through your inability to work.
Provides a lump sum payment upon the medical diagnosis of a listed critical illness, such as heart attack, cancer or stroke. This lump sum can be used to cover medical expenses, assist in repaying debts or replacing income whilst you are recuperating.
Income Protection Insurance
One’s greatest financial asset is the ability to earn an income however should you be unable to do so Income Protection cover will provide for the replacement of your income up to a maximum of 75% of your pre-disability employment income. This will assist in reducing financial stress and burden, helping to expedite your recovery and ability to return to work.
If you run your own business and you or another income producing employee are unable to work, either temporarily or permanently, this can cause significant disruption to your cash flow and result in a high degree of financial stress.
It is possible to insure against these events, via the use of:
- Key person insurance which facilitates a suitable professional replacement for you to ensure that your business can keep running, should you be absent due to injury or temporary illness.
- Business Continuance Insurance covers the basic running costs of business whilst you are unable to be there i.e. rent, electricity, etc.
In the event you pass away, the insurance will provide your family and/or business partners with the financial security to keep the business operational while they have time to make informed decisions about its future.