Types of Insurance
Life Insurance
This is a lump sum payment on the death of the life insured. Life insurance is typically used to cover debts, and provide financial security to family in the event of tradgey occuring.
Trauma Insurance
Trauma pays a lump sum figure upon diagnosis of set medical events covered by the policy. The cover is designed to cover expensive medical costs associated with condition and intermediary financial relief.
Disablement Insurance
The cover pays a lump sum amount if the insured suffers a Total and Permanent Disability. This is commonly taken as an addition to Life Insurance.
Income Protection Insurance
Insures up to 75% of your income and pays in the event that you can’t work due to an illness or injury. People established income protection as it covers your key asset, the ability to earn income. Income protection provides cover in the long term ensuring that, even though you can’t work, your family does not have to suffer.
Income protection can be tailored to suit your personal requirements with adjustable waiting periods (how long you are unable to work until the payments start) and benefit period (how long you receive payments for).
