Protection
Why Protection Matters
Most people insure their homes, cars and mobile phones, but often overlook the thing that makes all of those possible in the first place: their income and ability to provide for their family.
None of us likes to think about becoming seriously ill, being unable to work, or dying unexpectedly. Unfortunately, these things can and do happen, often when they’re least expected.
The financial impact can be significant. Mortgage payments, household bills, childcare costs and everyday living expenses don’t stop if you’re unable to work or if a loved one passes away.
Protection insurance is designed to provide financial support when it’s needed most. The right cover can help your family maintain their lifestyle, remain in their home and reduce financial worries during what would already be a difficult time.
We’ll help you understand the options available and recommend protection that suits your circumstances, budget and priorities.
Life Insurance
Life insurance provides a payment if you die during the policy term. Some policies may also pay out earlier if you’re diagnosed with a terminal illness that meets the insurer’s definition.
The money can be used to help repay a mortgage, replace lost income, support your family financially or help cover future expenses.
There are different types of life insurance available, including:
- Level Term Insurance – the amount of cover remains the same throughout the policy term.
- Decreasing Term Insurance – the amount of cover reduces over time and is often used alongside a repayment mortgage.
- Whole of Life Insurance – designed to provide cover for your lifetime, subject to the policy terms.
We’ll help you choose the type and level of cover that’s right for your needs.
THE PLAN USUALLY HAS NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Family Income Benefit
Family Income Benefit works differently to traditional life insurance.
Instead of paying a lump sum, it provides a regular tax-free income (subject to current legislation and individual circumstances) if you die during the policy term.
This can be an attractive option for families who want to replace lost income and maintain their day-to-day lifestyle. The payments can help cover household bills, mortgage payments and other regular expenses.
For many families, Family Income Benefit can provide a high level of protection at a relatively affordable cost.
THE PLAN USUALLY HAS NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Income Protection
Your ability to earn an income is often your most valuable financial asset.
Income Protection can provide a regular income if you’re unable to work due to illness or injury. This can help cover essential expenses while you focus on your recovery.
Depending on the policy selected, payments can continue until you return to work, reach retirement age, or the policy term ends.
Income Protection can be particularly valuable because long-term illness is often more financially disruptive than people expect. While many employers offer sick pay, this support may only last for a limited period.
We’ll help you understand what protection may be available and how it could fit alongside any benefits provided by your employer.
THE PLAN HAS NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.
Critical Illness Cover
Critical Illness Cover pays out a lump sum if you’re diagnosed with one of the specific illnesses or medical conditions covered by the policy.
These commonly include conditions such as certain types of cancer, heart attack and stroke, although the conditions covered vary between insurers.
The money can be used however you choose. Some people use it to clear part or all of their mortgage, while others use it to replace lost income, adapt their home, pay for additional care, or simply provide financial breathing space during recovery.
Critical Illness Cover is often arranged alongside life insurance to provide broader protection for you and your family.
THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.
Home Insurance
For most people, their home is their biggest asset. Home insurance helps protect both the property itself and the belongings inside it.
There are two main types of cover:
Buildings Insurance
Buildings Insurance covers the structure of your home, including features such as walls, roofs, floors, fitted kitchens and bathrooms. Mortgage lenders will usually require buildings insurance to be in place from exchange of contracts.
Contents Insurance
Contents Insurance covers the items you would take with you if you moved home, such as furniture, clothing, electronics and personal possessions.
Many policies can also be extended to include additional protection for items outside the home, accidental damage and legal expenses.
We’ll help you understand the options available and arrange suitable cover to protect your home and belongings.
Protecting What Matters Most
Protection isn’t just about policies and premiums. It’s about helping ensure that your family can continue to meet their financial commitments if life doesn’t go to plan.
Whether you’re arranging your first mortgage, moving home, starting a family or simply reviewing your existing cover, we’ll help you understand your options and make informed decisions.
Not sure what protection you need? Contact us today for a personalised protection review.
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