Protecting what you have
Why do I need personal insurance?
Protection against life’s uncertainties is sensible financial management. Investing in personal insurance will ensure that you and your family can continue to enjoy the quality of life that you want.
Having insurance can provide financial protection for your family’s personal needs. Insurance can be structured to provide for such things as the repayment of your debts upon death or disability, financial assistance for dependents and protection against the loss of income.
Income Protection Insurance
Income protection insurance provides you with a regular income in the event that you are unable to work due to sickness or injury. This will enable you to continue meeting your financial commitments (ie mortgage, school fees, food) throughout your illness.
89% of Australians have Motor Vehicle insurance but only 6% have Income Protection Insurance. What’s your most valuable asset?
Life insurance provides a lump sum if the insured person dies or is diagnosed with a terminal illness. Adequate life insurance is critical for the security of your loved ones’ financial future.
Total & Permanent Disablement
Total & Permanent Disability insurance will provide a lump sum payment to you should you suffer an illness or injury which totally and permanently prevents you from working again.
Trauma insurance is designed to help you financially if you have suffered a trauma or crisis such as a heart attack, stroke, cancer or other life threatening condition. In the event of a 'critical condition' you would receive a lump sum payment for specialist medical costs during your recovery.
Keyman insurance can protect your business from unfortunate circumstances if one or more of your key staff can't work for you due to illness or disability.
As an employer, you should establish a Keyman insurance policy on the health or life of your employees whose work, knowledge, or contribution is considered to be uniquely beneficial to the company.
The aim of business insurance is to put in place an effective arrangement that ensures the business will continue to be viable if one of the Principals or Shareholders suffers a critical event (death, disability or trauma).
A critical event could have wide ranging consequences for your business that will have an impact on more than just your family, including:
- Other Principals
- Other Shareholders
- Business management and staff
- Confidence of your banker and financiers
Australian Investment and Insurance Group has the expertise to tailor an insurance plan for your business.