Insurance is an essential part of our everyday lives. We insure our cars, homes and contents, but often we neglect to properly insure our most important assets – ourselves. Personal insurances come in different forms, and we can assist you in determining the right level of cover and the right insurer.
Income Protection Insurance protects against the loss of one of your most valuable assets – your ability to earn money. If you become disabled due to illness or injury, Income Protection cover can provide you with a monthly income. It provides you with the financial security you need to concentrate on recovering without having to worry about your bills. It is also a tax deductible expense.
Life Insurance is primarily taken out in order to provide for the continuing income needs of surviving family members as well as to pay out any existing debts. It is prudent to cater for the longer term when taking out life insurance as circumstances can change as you grow older. This is why we believe the Life Insurance cover we are recommending is right for you.
Total and Permanent Disablement (TPD) cover provides a lump sum payment if you become disabled to the point where you are unable to work again. TPD plans will also provide payment for other seriously disabling situations. We will ensure you are appropriately covered by considering which definition and cover type suits you best in terms of your occupation.
Trauma Insurance or Critical Illness insurance provides a cash lump sum on the diagnosis of a medical condition. The number of conditions covered (benefits) varies widely, with cheaper policies often offering fewer benefits. The most common claims under these policies are for: cancer, heart attack, coronary bypass and stroke, although other conditions can be covered.
Want to know more?
Give us a call on 07 3211 5722 or send an email to admin@absolutefps.com.au