Life Insurance

What is the point of accumulating wealth without having measures in place to protect it?

It is important to consider the financial consequences of being left unable to work, which may arise under many situations such as falling ill or incurring an injury. Premature death and the affect this would have on your family’s lifestyle also need to be considered.

The best measure that can be taken to protect your wealth and your most valued asset – your earning ability – is to arrange insurance which will provide a lump sum on death, diagnosis of a serious illness or accident, or provide regular income should you be unable to work.

Types of Insurance

Term Life Insurance

Term Life Insurance is perhaps the most common form of life insurance purchased. It provides a lump sum payment to the policy owner or nominated beneficiaries in the event that the life insured dies while the policy is in force.

TPD Insurance

TPD Insurance is usually sold as a ‘rider’ (additional benefit) in addition to a term insurance policy. This cover provides payment of the sum insured should the life insured become totally incapacitated through injury or illness and satisfies the policies definition of Disability.

Trauma Insurance

Trauma Insurance is designed to provide a cash lump sum payment when the insured suffers for the first time certain specified medical conditions (e.g. serious heart attack, stroke, cancers, etc.). The cover extends to injuries or in case the injured should happen to die.

Income Protection

In the event of permanent or temporary disablement resulting from either sickness or accident, a benefit percentage of your income will be received as an income stream for the period you are out of work. It is an important part of insurance as it allows you to pay for regular living expenses while being temporarily out of employment.

The Benefits

Coming Soon

Popular Questions

  • How much cover do I need?

    At Consortium Private Wealth, we believe in not only having the right types of Life Insurance protection, but also having the right levels of cover to protect your family, your life style and your assets. To ensure you have an insurance package that is personalised to your unique situation, we recommend you take advantage of our Free Risk Analysis. Get in touch with us to find out more.

Resources

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