You are your biggest asset, make sure you’re protected!
Many people insure their home, personal possessions and car, but fail to insure their most important asset, their life, their ability to earn an income and safeguard future interests.
Life is full of surprises and uncertainties. Unfortunately these can sometimes cause you and your loved ones physical and financial distress, that’s why personal protection is important!
At Capitol Group Advisers we can tailor a risk protection strategy for you in the areas of Life, Total & Permanent Disability, Trauma and Income Protection to minimise the financial burden placed on you and your family.
Life Insurance cover provides financial assistance in the form of a lump sum payment to your family or other dependents in the event of your death. It goes without saying that no price can ever be put on the value of a human life. However, life insurance is a safety net that allows your family to cope financially.
Total & Permanent Disability insurance provides you with a lump sum payment if sickness or injury leaves you totally and permanently disabled where you are unlikely to ever return to work.
Trauma insurance provides you with a lump sum payment for those recovering from an illness often resulting in a period of incapacitation or recuperation, there is often the financial burden of medical bills and expenses, the ongoing costs of rehabilitation and care, possible modifications to the home and forced early retirement. The lump sum payout helps to ease the financial burden on both the insured and the family.
Income Protection – your greatest asset is actually your ability to earn an income – make sure it’s protected. Income protection provides an income when you’re unable to work due to an injury or sickness.
Consider what your everyday costs are, such as;
- Everyday living expenses such as food, clothing, bills etc.
- Mortgage repayments.
- Medical expenses that your health fund does not cover.
- Income Protection can pay 75% of your income for a period of time if you’re temporarily unable to work because of sickness or injury. Income protection is particularly important to the self-employed, who cannot rely on short-term sick leave from an employer and premiums are generally tax deductible.