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Your biggest asset is YOU and your ability to generate income. Our objective is to provide a cost effective and tax effective strategy to ensure your family is always financially secure in the event of you becoming sick or deceased.
There are a number of key insurance areas where we can provide assistance. The information below details types of cover and what you should look for when exploring the available options. Take a moment to consider the following types of personal risk insurance:
Term Life pays a lump sum upon the death of the life insured, providing financial protection to your loved ones. In the event of the persons death, the lump sum will assist in paying off any outstanding debts such as a mortgage. There should be an excess over debts to assist your family especially - if you have children.
An option with Term Life is to take an extension of Total and Permanent Disablement Insurance (TPD). TPD insurance provides a lump sum payment in the event of that you become totally and permanently disabled.
Trauma policies pay a lump sum in the event of a critical illness or injury, for example cancer, heart attack or stroke.
This is the most crucial and flexible insurance. It is designed to replace your income if you are unable to work due to sickness or injury. Your most valuable asset is the ability to produce an income and this must be protected. The premiums paid for income protection are fully tax deductible.
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