Life Insurance and Income Protection
Protecting you and your family from financial catastrophe that can result from death, sickness or an accident.
Protecting What Matters Most
Protecting what matters most - you and your family
You’ve worked hard to provide for your family. There are some things in life over which you have no control, no matter how hard you work. Things like serious illness, injury, disablement and even death.
Most of us think “it won’t happen to me”
If you are lucky, it might not. Chances are however, that many of us will have our lives interrupted by accident, illness or unexpected death. Wouldn’t you prefer to be one of the people with a contingency plan to help your family through the difficult times?
The importance of protection
Setting up a contingency plan, enables you and your loved ones to negotiate life’s curveballs. If you are unable to work, have an accident, or worse your plan can help you and your family by removing the financial burden these events can cause.
When you might consider life insurance or income protection.
As your circumstances change, it’s likely that your personal insurance requirements will too. Ask us about how we can help you implement the most appropriate and cost-effective cover for your needs.
Types of Cover Available
Life Insurance
Total Permanent Disability
Total Permanent Disability
Life Cover minimises your family’s financial stress by paying out a lump sum in the event of your terminal illness or death. Pay down debt and leave your loved ones the means to support themselves if you’re not around to do so.
Total Permanent Disability
Total Permanent Disability
Total Permanent Disability
TPD cover supports you financially when you need it most by paying a lump sum if you become totally and permanently disabled from an accident, illness or injury. This money can be used for your care requirements, medical expenses and to supplement lost income.
Critical Illness
Total Permanent Disability
Income Protection
Critical Illness cover helps you focus on recovery rather than financials, by paying a lump sum if you are diagnosed with a specified trauma condition (such as cancer, stroke or heart attack).
Income Protection
Income Protection
Income protection helps by replacing up to 70 per cent of your income if you are unable to work due to sickness or injury. If you can work, but only at a reduced capacity, you can still be paid a partial disability benefit. This money allows you to meet your continual family commitments while you can’t work.
Business Expenses
Business Overheads Cover helps ensure that up to 100 per cent of the fixed operating expenses of your business are paid if you cannot work due to sickness or injury, or can work but in a significantly reduced capacity, so that you stay in business.
Key Person Business Insurance
Keeping your business on an even keel is hard enough without adding the complications of injury, illness or the death of a business partner or key person. That’s why every business should include business insurance as a matter of course.
How much Cover do I Need?
We help you work out how much cover you need
The amount of cover you need to protect your family and lifestyle will depend on your individual needs and circumstances.
Paying off debt, educating kids and protecting your love ones lifestyle are some of the considerations you will need to make when deciding how much cover you take out, and we will run through a risk needs analysis to explain to you what levels of cover should be implemented to negate the financial consequences of your loss of income due to death, sickness or accident.
The ownership of the cover is important and will determine its costs tax deductibility and the tax liability upon payment.
At Wealth Initiatives we will work with you to mitigate financial hardship in the by the use of insurance in the most cost and tax effective way. We have access to all the insurers in the market and will recommend the best value for cover policies appropriate for you.
