So often we insure our possessions like our house or car but we forget about what matters most to us - our loved ones and our lifestyle.
Everybodyís circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your life. So itís also important to continue to review your insurances once they are set in place.
Personal insurance provides protection against sickness, injury and death, and includes:
Life cover allows you to provide financial security and peace of mind for your loved ones when you no longer can. The proceeds from life cover can assist with paying down debts, supporting any financial expenses including ensuring minimal impact to the lifestyle of those that are most important to you.
Total and Permanent Disability (TPD) insurance
TPD will pay a lump sum in the event you are no longer able to work due to injury or illness. This payment will give you better options to live a better quality of life if you are permanently unable to return to work.
Trauma (also known in some instances as Crisis Cover) generally offers a lump sum amount in the event that you suffer or are diagnosed with a serious illness. This allows you some financial relief to cover your bills and allows you to focus on whatís most important - recovering from the illness itself.
Income Protection provides you with a monthly income in the event you are unable to work due to an injury or illness. This means that you can continue to live your life and focus on recovering rather than having to worry about how to make ends meet.
At LFS, we can help you understand all the basics of insurance, consider what type of cover is necessary for your circumstances and how much cover you should consider. Contact us today for a complimentary and without obligation initial consultation to discuss how we can help.