Personal Protection

You can choose the type of protection and level of cover you want, and change these at any time, so the policy will always match your needs and give the security you want. You can also choose whether the policy covers one or two people. If it covers two people, not all benefits have to cover both of them. For example, you may want life cover on both, but critical illness protection on only one. If you make a claim, benefits may be paid as regular income or as a lump sum.

Term Life Protection

Term life insurance provides death cover only - if the life insured does not die within the specified term, by age 65 for example, the policy is cancelled and there is no surrender value. This type of policy has no savings or investment component - it is only a means of managing risk.

Whole Life Protection

Whole of Life Insurance provides a cash lump sum on death or policy maturity whichever occurs first. Whole of Life policies can help you ensure that everything is in place for the financial future of your family.

Trauma Insurance

You probably know someone that has suffered a serious illness. While modern medicine can provide a good chance of recovery, the financial consequences of a serious illness can be devastating. Bills don't stop just because you're ill. A serious illness such as cancer, a stroke, heart attack or any of a number of other major illnesses can strike at any time causing physical and emotional trauma.

For those recovering from such an illness often facing a period of incapacitation or 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 forced early retirement.

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

Trauma insurance can offer relief by paying a lump sum in the event of a specified condition, helping to ease the financial burden on both the insured and the family.

Income Protection

What is your greatest asset? Most people typically respond that their home, their car, or their investments are their greatest assets. However, your greatest asset is actually your ability to earn an income.

Most of us rely on our income to pay the mortgage or rent; to keep ourselves and our families clothed and fed; and maintain a comfortable standard of living. So protecting your ability to earn an income should be a high priority. Yet, while many people insure homes and possessions, they often ignore protecting their income. An income protection policy 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.

Most policies will pay up to 75 per cent of your average monthly income (net of business expenses but before tax), and will cover you against various conditions, which could disrupt your ability to earn an income.

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