Insurance | Gold Coast, Tweed Heads, Springwood and surrounding areas
With so many types of personal insurance available; it often becomes hard to work out what you actually need. But that's where we come in! We will guide you through every step of the way and provide you with all of the information you need to make a decision.
You probably have insurance for your home, car and other assets (like your mobile phone). However, in our busy lives, we often overlook personal insurance and this brings the risk that you or your family could struggle financially if the unexpected occurred. So let's take a look at the different types of insurance covers available!
What are the different kinds of personal insurance?
Who would provide for your family if something went wrong?
We all take our health for granted and rarely think that anything bad could happen to us. Yet it's important to consider how your dependents would get by financially without you. Imagine your family coping with both personal tragedy and a dramatic decrease in their living standards – like losing their home – it's a horrific thought.
‘Life’ or ‘family’ insurance pays a lump sum amount in the event of your death, helping protect your loved ones’ lifestyle and future. It helps ensure your family could survive without you, paying off their debts and providing them with an income to continue living.
Life cover starts from just a few dollars a week – the same as a latte!
Total and permanent disability insurance
1 in 5 Australians suffers a disability that prevents them from working. Could you maintain your current living standards on a disability pension?
Suffering permanent disablement would be devastating for you and your family. With the disability pension only around 20% of the average Australian wage, there could be a significant impact on the lifestyle you are accustomed to.
Without a safety net, the outlook for your family’s wellbeing and your personal recovery could be challenging, especially if you needed permanent care.
Total and Permanent Disability (TPD) or ‘Adapt your life’ insurance pays a lump sum if you are unable to work again due to an accident or illness that leaves you permanently disabled. It can help cover expenses such as rehabilitation, home modifications and carer fees or allow a family member to reduce their work hours to look after you.
Income protection insurance
3 in 4 Australians will be diagnosed with a serious illness in their working life. How would you sustain your lifestyle and pay your bills if you were injured or too sick to work?
Income protection insurance protects your most valuable asset – your ability to earn a regular income. Without income protection insurance all the things we take for granted like managing a home loan or growing savings could quickly become impossible if we couldn’t work – even for a short time. Most of us don’t think twice about insuring our home and car but hesitate when it comes to taking out income protection insurance.
But protecting your income is important!
Critical illness insurance
We all know someone who has been suddenly diagnosed with cancer or has had a stroke. It’s estimated that almost one in two Australian adults aged 30-plus will experience a serious health condition like a stroke, heart attack or cancer. It’s a scary thought.
Private health insurance, if you have it, may go part of the way to meeting your medical bills. But it won’t provide the funds needed to support your family, keep your home or provide a decent lifestyle for yourself and those you love.
Critical Illness or ‘Get Better’ Insurance pays an agreed lump sum if you suffer a listed serious illness or injury, for example, a heart attack or cancer, where treatment can be lengthy and expensive. It helps cover the costs of getting well, such as medical treatments, surgery and rehabilitation therapies.
Having protection can keep your life on track while you deal with the process of recovery and can help you afford access to the specialists and specialised treatments you may need.
To discuss the right insurance cover for you and your family, contact Sue Cavill, Financial Strategist on 07 5518 8615.
Servicing: Tweed Heads, Currumbin, Springwood, Underwood, Rochedale, Loganholme, Carbrook, Elanora, Palm Beach, Kingscliffe, Palmwoods and surrounding areas.