Put simply, life insurance provides the financial means to preserve your way of life, or that of your family, in the event of an accident, serious illness or even death.
We don’t like to think about ‘worst case scenarios’ but taking some time to consider the risks and having a contingency plan is like carrying an umbrella – it can’t stop the rain but can provide much needed financial protection during life’s storms.
Here are some of the common risks you may face and how to insure against them:
- Serious accidents or illnesses resulting in permanent injury or loss of life.
- Term Life Insurance
- Total and Permanent Disability Insurance (TPD)
- Income Protection Insurance (IP)
- Business Expenses Insurance and Key Person Insurance.
- Illness or temporary disability.
- Income Protection Insurance (IP)
- Trauma Insurance
- Unemployment. (Generally, you can’t insure against unemployment. The cover that is available is very short term and comes with many restrictions, which may impact on your ability to claim.)
