"Professional  advice  that  everyone needs"

Cover Options

Income Protection
Business Expenses
Death Cover
Total and permanent disability insurance
Trauma/Critical Illness
Cover for Your Children

Income Protection – because your income is everything

What is your greatest asset? Your home? Your car? Your investments?

Your greatest asset is actually your ability to earn an income.

Most of us rely on our income to pay the mortgage or rent, keep ourselves and our families clothed and fed, and maintain a comfortable standard of living. So protecting our ability to earn an income should be a high priority. Yet while most of us are aware of the importance of insuring our homes and possessions, we often ignore protecting our income.

An income protection plan will pay a regular income if you are unable to work because of sickness or injury. Whether the disability is as serious as cancer or as minor as a broken arm, income protection provides a simple, cost-effective safety net.

Income protection is particularly important for the self-employed, who cannot rely on short-term sick leave from an employer.

Why not workcover?

Even if you are covered by workcover, you will only be covered for the short term, and only if the injury happened in the normal course of performing your work duties. Serious injury can occur on the sporting field, playing in the yard with your kids or swimming in the surf, and if this happens, workcover wont pay you a cent.

Most policies will pay up to 75 per cent of your average monthly income* , and in some cases even more, if a disability, illness or injury prevents you from working. Income protection premiums are tax deductible.

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Business Expenses

Business expenses insurance covers your business against fixed costs like rent, lease arrangements and non-income producing employees’ salaries, should you suffer a serious sickness or injury.

The plan can cover you for up to 100 per cent of your eligible fixed expenses while you are unable to work due to sickness or injury

Business expenses insurance covers:
• electricity, gas and water rates, general insurance?premiums, cleaning, laundry, heating and telephone accounts, leasing of equipment or motor vehicles and dues to professional bodies
• rent or the regular interest instalment payment of any business loan or mortgage
• salaries of employees who do not contribute directly to your earnings or your business’ earnings and costs directly related to those salaries (for example, superannuation)
• other fixed expenses such as property rates.

If you are unable to work due to illness or injury, remember that you can’t drive sales and bring new business in the door. The business not only has to meet your entitlements, but also cover the costs of replacing your duties.

“The expenses don’t stop just because you’re not there“

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Death Cover

A life insurance plan provides financial assistance in the form of a lump sum to your family or other dependents in the event of your death. The proceeds can be used to meet your family’s outstanding commitments, such as the mortgage on the family home, and to maintain your family’s standard of living.

In what can be an emotionally devastating time, life insurance removes one major stress – financial insecurity. If we structure your cover in the right way, we can save you unnecessary complexity and delay when you are least able to deal with difficulty.

There are many other reasons why you might want to obtain life insurance:
• to pay out any loans (mortgages and personal debt) in the event of your death
• to buy a full share of a business if your business partner dies (buy/sell insurance)
• pay for the care and education of your children
• provide an ongoing income from invested proceeds
• to pay for your funeral.

Some life insurance plans include a terminal illness benefit, which provides an advance payment of the total sum insured if you are diagnosed with a terminal illness. The policy may also pay the cost of a financial plan for your spouse or other dependants in the event of your death.

Life insurance plans are often flexible enough to allow for increases based on inflation or changes in your life – for example, the purchase of a new home, an increase in your income or the expansion of your family.

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Total and Permanent Disability Cover

Total and permanent disability (TPD) insurance covers you covers you if you cannot work due to a total and permanent disability and need to adjust your lifestyle accordingly. Many TPD policies pay a lump-sum benefit after the insured has been totally and permanently disabled for a set period, such as six months.

*net of business expenses but before tax

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Trauma/Critical Illness

A serious illness, such as cancer, a stroke or a heart attack, can strike at any time, causing physical and emotional trauma.

“It won’t happen to me”

Around half of all Australians aged over 30 will suffer at least one of the seven health conditions that can lead to long-term disability and, consequently, a long-term loss of income.

While modern medicine can provide many people with a good chance of recovery, the financial consequences of a serious illness can be devastating. Unfortunately, bills don’t stop coming just because you’re ill.

Remember, critical illness doesn’t just mean that the one who is sick is unable to work. It often dramatically affects other family members and their ability to work.

For those recovering from an illness and facing a lengthy period of recuperation, there is often the financial burden of medical bills and expenses, the ongoing costs of rehabilitation and care, possible modifications to the home and even forced early retirement.

How would your family or loved ones cope if you suffered a stroke or were diagnosed with cancer? Not only might you lose your income through not being able to work, but you might also have to tap into your savings, sell your home or face major costs for medical treatment and rehabilitation. Not a pretty picture.

Few people have the necessary savings to pay all these expenses or to manage without a regular income.

You may need time off to recuperate properly or go down to part time hours (if you have a generous and understanding boss). You may need to pay for a vacation or time off without pay. Trauma insurance was invented because medical studies have proved that patients of critical illness who don’t have to rush back to work due to financial pressures are far more likely to recover permanently.

Trauma insurance can help you cope financially with the impact of a disability, illness or injury. It is paid as a lump sum and can be used to pay for changes to your lifestyle or for care required as a result of the trauma.

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Cover for Your Children

You may not be able to protect your children from everything in life but you can be prepared financially, so you can focus on helping them in every other way. Children’s trauma provides a lump sum upon the diagnoses of serious illnesses such as cancer or injury such as paraplegia, or severe burns, the funds can be used to help with any expenses, such as medical, rehabilitation or home modifications. These policies generally include a life insurance benefit and can be converted into adult policies when they get older.

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