What would happen if a serious accident or illness left you unable to meet your finance repayments or other obligations?
Nobody likes to think about falling ill, suffering a serious accident, or worse still, dying, but the truth is sometimes serious illnesses or misfortunes can happen.
What? Why? How?
If you have substantial obligations, such as a loan for a family home or for plant and equipment, and have a family to think of, what would you and your family do if you were unable to earn an income?
You may wish to consider whether it is appropriate to take out income protection, illness, accident or total or permanent disability insurance, to cover you if anything goes wrong.
Covers, types and levels will differ from one provider to another.
Types of illness cover vary but can include cancer, stroke, heart attack, kidney failure and blindness. Some types of insurance also cover you in case of trauma or accident.
Policies can be tailored to meet your individual needs and budget, and you may be able to pay for your insurance in full or via installments. Some covers may also be tax deductible and some can be paid for via your superannuation fund, meaning there is no immediate impact on your back pocket.
Some of the types of cover available:
- Income Protection
- Loan Protection
- Life Insurance
- Trauma Cover
- Total and Permanent Disability
- Business Expenses Insurance
Protect what matters most to you…insurance can be one of the simplest ways to safeguard your family’s financial future.
Contact us today to find out how you can protect yourself and your loved ones, and we will put you in touch with our qualified insurance adviser ( Scott Barker ) who will look after your needs.
At just 31 years old, Lina suffered a debilitating stroke with the need to undergo brain surgery and then go through months of rehabilitation.
Thankfully Lina and her brother had taken the protection their mortgage broker had offered when they purchased their property together.
Your life can be turned upside down in the blink of an eye. Tom, who was 44 years old had a daughter and loved to surf, developed chronic kidney cancer jeoprodising his income and lifestyle.
However, Loan protection insurance gave him the time he needed to focus on his recovery and opportunity to explore a new career path.
Our client Phil*suffered a car accident where he was not at fault,which resulted in a substantial stay in hospital with long term injuries that will prevent him from ever working again.
With the appropriate cover in place, Phil and his family were not financially impacted from his loss of income due to his accident, and they were able to successfully care for his health needs, pay the mortgage & live without his wife needing to work.
After years of continually offering our client Chelsea* a review of her risk and lifestyle insurance, we got a dreaded call from her saying ‘she should have listened to us previously and acted on our advice. Unfortunately.’
Chelsea was recently diagnosed with breast cancer at her young age of 36. Faced with an expensive medical treatment plan and a family of 2 kids, Chelsea was now in a position that negatively impacted her physically, emotionally and financially.