Mortgage Repayment Insurance

Does your mortgage feel like a weight on your shoulders? Imagine how much heavier that weight would feel if you were unable to work and were unable to meet your monthly repayments? This would result in the forced sale of your home and is something no one wants to face when they are unwell.

Mortgage Repayment Cover is designed to cover your monthly mortgage repayments in the event you (the insured person) are unable to work to sickness or injury.

Total & Permanent Disability Insurance (TPD)

Imagine you have spent years perfecting a skill that your livelihood relies on. Suddenly due to a permanent injury you can no longer perform this skill. What would you do? Retrain? Retire? What would this cost?

Total and Permanent Disability Cover can pay you a lump sum in the event you are permanently unable to work in your area of expertise. This payment is often used to reduce mortgage debt and used in conjunction with income protection insurance.

Medical (Health) Insurance

Nothing is more important than you and your family’s health. Poor health an very quickly result in a poor quality of life. You spend all your life working to improve your lifestyle, what would happen if you fell ill or had an accident? How would this affect your quality of life? What would the true cost be if you had to wait months or years for medical assistance?

Medical Insurance gives you access to the best healthcare available. This means you can receive advice or treatment when you need it, without the added pressure of paying the expensive medical bills. As the healthcare industry changes, so do health insurance policies. It is important you understand what is covered before you need to use it.

The best time to take up health cover is before you need it. This improves the policy coverage and will ensure you will be covered for further health problems.

Life Insurance

If you or your partner dies with money still owing on the mortgage, the lender could “call in” the loan with the review of selling it to recover their costs. Any surviving spouse, partner or family would then have to re-finance the debt themselves and service the loan in order to avoid a mortgagee sale. Often the survivor’s ability to do this is compromised by the fact the household income has now been reduced substantially.

Life insurance can provide an essential lump sum payment for your dependents to take care of family commitments, mortgage debts or children’s inheritance.

Trauma Insurance

As medical treatment improves, more people are surviving traumatic events such as a heart attack, cancer or a stroke. Unfortunately, due to the long recovery times your finances might not be so lucky.

Trauma insurance pays you lump sum in the event that you suffer a major accident or illness. This money can fund medical treatment, replace lost income or simply provide financial certainty for your family while you are too sick to work.

Income Protection Insurance

If you were unable to work tomorrow due to an illness or injury, what effect would it have on your current lifestyle? Would bills stop coming in? what new expenses would start? What is your largest asset?

If you owned a machine that printed $50 notes every hour, eight hours a day you would insure that machine, right? That machine represents you and your ability to earn. Income Protection Insurance protects your greatest asset – your ability to earn.

If you are ill or injured and are unable to work, Income Protection Cover can provide you with a monthly income for the duration you are unable to work, safe guarding you and your dependents against ill health. Without an income, debts and expense can mount up quickly.