PERSONAL PROTECTION

Personal Protection Matters.

Insurance can be seen as just another expense for your household to bear. But when the unexpected occurs, your cover can provide a financial lifeline.

The good news is that insurance may cost less than you expect, and can be structured to ease the burden on your household expenses, without sacrificing the amount of cover that you need to protect yourself and/or your family.

But why does it matter?

Protection for you and your family - Your family depend on your financial support to enjoy a decent standard of living, which is why insurance is especially important once you start a family. It means the people who matter most in your life may be protected from financial hardship if the unexpected happens.
Reduce stress during difficult times - None of us know what lies around the corner. Unforeseen tragedies such as illness, injury or permanent disability, even death – can leave you and your family facing tremendous emotional stress, and even grief. With insurance in place, you or your family’s financial stress will be reduced, and you can focus on recovery and rebuilding your lives.
To enjoy financial security - No matter what your financial position is today, an unexpected event can see it all unravel very quickly. Insurance offers a pay-out so that if there is an unforeseen event you and your family can hopefully continue to move forward.
Peace of mind - No amount of money can replace your health and wellbeing – or the role you play in your family. But you can at least have peace of mind knowing that if anything happened to you, your family’s financial security is assisted by insurance.
A legacy to leave behind - A lump sum death benefit can secure the financial future for your children and protect their standard of living.

Death & Terminal Illness Cover
(Team Life Insurance)

None of us like to consider our own mortality, but is your families future secure if you're no longer around?

With eight Australian families losing a working parent every single day, Death & Terminal Illness Cover can ensure that those left behind can focus on grieving and supporting each other, rather than worrying about how they will pay the mortgage and putting food on the table.

Term Life insurance works by paying a lump sum on your death or the diagnosis of a terminal illness.

Trauma (Critical Illness)

If you are diagnosed with a life threatening illness such as cancer, or experience some kind of trauma, your private health insurance or the public hospital system may cover some of your medical costs. However, in many cases your
treatment may require a long-term process

before you’re able to return to work. As a result, this could place significant financial strain on you and your family in being able to cover day-to-day expenses.

Trauma Cover is designed to pay you a lump sum of money if you are diagnosed with a critical illness or suffer a trauma. It covers a wider range of insurable events than Income Protection, and has no restrictions on how you use the lump sum payment to your benefit.

For example, if you are diagnosed with cancer and you and your partner both decide to take a year off work together to provide support and care, Income Protection can cover your income, and the Trauma lump sum can replace your partners lost income.

Financial Protection for Children

Parents aren’t the only people who can fall ill. Children can also be impacted by serious
illnesses or injury, and this can place families under tremendous emotional and financial
strain.

Insurance is available that can provide a financial benefit for families with seriously ill children. This can enable you to focus on your child during an exceptionally difficult period, and even potentially improve your child’s chance of survival through the ability to meet additional medical expenses.

Total Permanent Disability (TPD)

Total Permanent Disability (TPD) is the worst case outcome in personal protection.

Not only do you lose your ability to earn an income and all the things that you currently take for granted, but the impact that it has on your family and the people in your support network is immeasurable. A total and permanent disability has the ability to destroy the income of two working family members, as one has to take the role of the full-time carer.

Yes, income protection can assist in providing you an ongoing income, but it will never replace 100% of your income or the income of your partner/parent, and rehabilitation is not cheap or covered by private health.

TPD pays a lump sum and can cover all debt repayments; rehabilitation costs; in-home carer costs; alterations to your home to allow for wheelchair access; and future costs of living. Most importantly, it can allow your family and the people around you to continue to pursue their own goals and dreams.

Income Protection (IP)

You probably insure your home, its contents and your car. So why wouldn't you insure the person that earns the income that pays the premiums on your home, contents and car insurance? This may be because we often think we won’t come in harm’s way. But a simple run around the park with the kids or a drive to the shops could see you experience an unexpected injury that could put you out of work for weeks – even months or years.

Income Protection insurance can help you continue to meet your day-to-day living expenses even if you’re unable to work due to sickness or injury.

The monthly benefits can be used for costs such as rent or mortgage payments, bills and medical expenses, so you can have time to focus on your health and recovery.

Homemakers Cover

A homemaker may not bring income into the household, but the value of his or her work can be significant. As a homemaker, if you couldn’t function due to illness or injury, you could face a range of costs for child care and a housekeeper to keep the household running.

Insurance is available to cover homemakers, and it can be worth thinking about.