The consequences of not being able to work for six months, a year or even longer due to illness or injury can devastate your lifestyle and plans, and those of your family. Have you considered what would happen to your family if the main breadwinner died? So while nothing compensates for the loss of a loved one, it’s easy to protect yourself and your family from the financial impact of the unexpected with life insurance.
Term Life Cover
Term life insurance provides a lump sum payment for your family in the event of your death. The money can pay off the mortgage so your family can stay in the family home and meet other financial obligations. Therefore this can ensure that a difficult time is not made worse by unnecessary financial stress.
Total and permanent disability cover
Total and permanent disability insurance provides a lump sum payment. This can help if you suffer an illness or injury and are permanently unable to work. Consequently it can help you maintain your current lifestyle while managing additional expenses ongoing illness or injury can bring.
Trauma insurance provides a lump sum payment if you suffer a major trauma such as cancer. It can make it easier for you to focus on your health and meet the costs of medical care and rehabilitation.
Income Protection Insurance
Income protection insurance provides a regular payment in place of your income. This can be provided when you suffer an illness or injury and are temporarily unable to work. Because when you’re out of action, day-to-day living costs don’t stop. On top of them, the costs associated with overcoming an illness or injury need to be covered. Therefore, income protection cover can help maintain your lifestyle and take the pressure off until you’re able to return to work.