PERSONAL INSURANCE

Life Insurance

Life insurance provides a lump sum in the event of death or terminal illness of the life insured. This lump sum can be used for the repayment of debts, future expenses and to generate income or becomes part of the ‘estate’. If your circumstances change you may need to review your cover.

Critical Illness

Critical Illness cover pays a tax free lump sum if you are diagnosed with a critical illness or major trauma such as cancer, a heart attack or stroke. This can be used to compliment Life and Income Protection insurance. This lump sum can be used to pay for any expenses that will assist you like medical expenses, debt repayment, house/car modifications and financial independence.

Total & Permanent Disability

TPD is paid as a lump sum in the event that you are totally or permanently disabled and cannot return to your occupation. This is sometimes built into Trauma cover. This lump sum could be used for medical expenses, mortgage repayments, house/car modifications or long term medical care.

Income Protection

Income Protection is designed to cover you temporarily if you are unable to work due to injury or illness. Generally, income protection will cover you up to 75 percent of your normal income, giving you a regular income until you are able to return to work – or at the end of the prescribed benefit period as noted in your policy.