Example Frame
  • COVER MULTIPLE EVENTS
    Multiple suppliers , multiple benefits covering multiple events. Full, Limited or Non-Advice models to match your need & budget. You have the choice to Choose!
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  • IS YOUR FAMILY SAFE?
    Will they be financially independant, if you died prematurely? Would they loose their income stream? Would they be exposed to debt they can't service? Life cover will negate these issues!
    Life Cover
  • REDUCE FINANCIAL STRESS
    Life insurance will remove debt for your family if you died from cancer, do the same, if you survive! Cover up to forty-eight events! Trauma cover gives you the choice, to choose!
    Trauma Insurance
  • LIVING IS RISKY!
    Life can change in a Milli-second. Would your Family, your Future, your Retirement plans, your Dreams be at risk if you could never work again? Total and Permanent Disablement will cover this event!
    Total and Permanent Disability Cover
  • WHO PAYS YOU?
    Can you survive without your income? How would your Mortgage/rent be paid? Who will put food on your table? What is the longest holiday you can take before you need to get back to work? Insure the "front door" to your future, your Income!
    Income Protection
  • DO YOU HAVE A CHOICE?
    Can you jump the medical waiting list or will you wait until your condition gets worse, to get better?  Can you fund the newer non-subsidized designer drugs? With Private medical cover, you can choose to get better today!
    Medical Cover
  • PROTECT YOUR CASHFLOW
    "Cash is King" You insure your business plant, machinery and buildings, why not "YOUR KEYPEOPLE"? Revenue leads to profit. Would your profit be impacted if a Key Person died or was disabled? Use revenue contracts to provide cashflow!
     
    Revenue Cover
  • PROTECT YOUR EQUITY!
    Shareholder Equity is a valiuable asset. Protect it, using Shareholder's cover. Could your co-shareholders fund out the value of your equity to your estate, if you died or could never work again?
    Shareholder Cover
  • REWARD YOUR STAFF
    Want to have happy employees and protect your bottom line? For the cost of a cup of coffee a week, you can provide security for staff and protect profit! With Group Insurance, you may cover pre-existing health issues & get wholesale pricing.
    Employees benefits

LIFE COVER

Nine Suppliers - multiple options

Life cover is all about looking after your survivors if you die immediately or allowing you to settle your estate while you are still alive and able if you are terminally ill (likely to die within 12 months).

Life insurance for the newer style of policies, normally comes in two forms -

A lump sum benefit or

A monthly payment for a fixed term or to a specific age (such as Family Protection/ Income continuance benefit).

Lump Sum Cover.

To establish a sum assured there are a number of things we look at. Some of these include:

  1. What is your core debt? Mortgages, loans etc
  2. How long will you need insurance for? Is it short-term or long term?
  3. What is the financial loss to your family by your premature death (factor of future income).
  4. What are your expected future costs? Schooling, and other contingencies.
  5. Have you given personal guarantees to anyone?
  6. Would you want your retirement savings plans cancelled, if one of you died prematurely?

The benefit can be structured in a number of ways such as stepped premium (increases each year with age) or level for a selected period (10 years, to age 65/80 etc). Bear in mind that "level" does not necessarily mean level for the term if you have also asked for the sum assured to be indexed by CPI or some other percentage. You can also have the sum assured reducing if required.

Monthly Payment.

As an option to lump sum cover or an increase in lump sum cover, we can offer a benefit that pays a specified sum assured, usually monthly, (can increase each year on claim) for a period of years (1/2/5/10 years or more) or to an age that the life assured would have lived to (say age 65).

To establish a sum assured we can look at the monthly budget requirements wanted by your survivors to cover ongoing costs (food on the table, power etc). The benefit can increase each year on claim to cover inflation.

This tends to be a slightly cheaper form of life insurance and the potential payout may be more than lump sum cover in total. If a survivor is not comfortable in investing a lump sum from a life insurance policy (i.e. after core debt is paid) then this style of benefit can be beneficial. It gives your survivors the security in that each month, a tax free amount is deposited into their bank account for the term of the claim. They can go to work, stay at home and each month the sum assured is paid, giving peace of mind.

OTHER FEATURES OF LIFE INSURANCE

  • Funeral benefit - allows your survivors to be immediately paid a part payment (typically $5000 to $10,000) of the sum assured to pay funeral costs, funds to get loved ones home etc.
  • Special Events Increase - allows you to increase the existing sum assured within limits if you have a child, increase a mortgage, buy a house, etc. There are a number of criteria that comply.
  • Optional Future Events Increase- an extra priced option that allows you to increase the sum assured by a fixed amount or percentage (subject to maximums) regardless of future health without underwriting.
  • Other features available - feel free to ask.
THINGS TO BE AWARE OF WITH LIFE INSURANCE
  • Death by accident only offers. Some major credit cards, Store offers etc will offer you cover for death by accident only. We have no problem for this cover to be added to a "death by any means" benefit, if you feel it is necessary (high risk occupations etc). Statistically the chances of dying by accident are about 6% of all deaths per year. Unless you have some major medical issues we would always want our clients to be covered for "death by any means". This can include suicide after 13 months, but I do not know of any client that takes out a life insurance policy with the intention of committing suicide after 13 months.
  • Joint Life/First Death Policies. If you and your spouse/partner are insured on one policy and you both die in the same event, these will only pay one sum assured (i.e. not a combined benefit). These policies are typically sold via banks and for a few dollars more you can select a policy that would pay a combined sum assured if you both died. Another issue with Joint Life/First death policies is that the survivor of a death event no longer has insurance cover in place after a death claim for a spouse/partner. They may then be in a position where they may not be able to get life insurance (if they still need it) or get it but at substandard terms due to medical issues.
  • Having a high a sum assured at level premium. We have no problem with clients having a portion of your needs for life insurance structured under a level premium structure. We would typically split out your minimum needs for the long term (15 to 20 years or more) and look at this being structured under a level premium option, but any additional cover needed for a shorter term should be at a "rate for age" option. This is a cheaper option in the short term. Remember the old adage "the value of money halves and the costs of goods double, every ten years "