Insurance for you, your family and your home
For many of us job loss, illness or disability are things we don’t want to think about. The reality is that many people find themselves in these situations. Knowing you have insurances in place will bring you and your family enormous peace of mind.
Ensuring your interests and family are protected
Mortgage Protection Insurance
Covers some or all of your monthly mortgage repayments in the event of death, sickness, unemployment or disability.
Lender’s Mortgage Insurance
LMI is a one off fee payable by you the borrower to a mortgage insurer, which protects your lender if you default on your mortgage repayments. LMI enables borrowers to purchase property with a smaller than 20% deposit by minimising risk for the lender. Traditionally LMI has been waived for Doctors or approved medical practitioners. Some lenders now agree that professionals who work in other high demand, low risk industries should also be exempt from LMI. Ask us about your eligibility for LMI exemption.
Should the worse happen, life insurance helps your family still have the lifestyle they planned.
Life insurance pays a lump-sum of money to your beneficiary or estate in the event of your death. It is generally utilised to clear outstanding debts, provide a future passive income, or for estate creation.
Life insurance can be held both inside and outside of your superannuation, meaning you have the ability to fund premiums directly from your super or from personal cash flow. It can also provide an emergency fund for medical, legal and funeral costs.
Total and permanent disability (TPD)
Often referred to as TPD Insurance, Total and Permanent Disablement Cover provides a lump-sum payment of money when you become unable to work again due to a serious injury or illness. It can provide financial assistance to help you meet rehabilitation and associated costs. When combined with life insurance, this can provide security for you and your family.
TPD Insurance can be held both inside and outside of your superannuation, meaning you have the ability to fund premiums directly from your super or from personal cash flow.
Income Protection Insurance
If you had to stop working due to sickness or injury, how would you and your family manage without your income? Knowing you have income protection in place will bring you and your family enormous peace of mind.
Income Protection Insurance can pay up to 80% of your total personal exertion income in the event you suffer an accident or injury that prevents you from working either temporarily or permanently. Policies have many variations and should be tailored specifically to your personal circumstances.
Trauma/Critical Illness Insurance
Critical Illness insurance is a lump sum payment paid directly to you after being diagnosed with a defined critical illness regardless of whether you can continue to work or not. Most common payouts are for cancers, heart attacks and strokes. Most insurers will cover 40-60 different definitions.
An insurance policy for owners of investment properties that provides protection for loss of rental income from: absconding tenant, defaulting tenant, failure to give vacant possession, death of a tenant, untenantable property plus others.
Home and Contents Insurance
Insuring against the loss or damage of your home and contents is essential and should provide you with adequate cover if you need to repair or replace them.