Life insurance guarantees a specific sum of money to your designated beneficiary upon your passing. Ideally the most suitable form of insurance is a portfolio of real assets but until these assets are established it makes sense to provide this capital through insurance.
Total and Permanent
Total and permanent disability insurance (TPD) is usually an optional extra on a life insurance policy and covers against permanent disability. The amount of cover you can buy is usually limited to the amount of life cover purchased, a claim is usually paid as a lump sum.
Our greatest asset is the ability to be able to produce income. The income we produce enables us to purchase our car, house and maintain our lifestyle. When things go wrong due to illness or accident, your income protection insurance will keep your income coming in. Income protection insurance is worth considering for all working people.
This type of insurance provides a lump sum payment when someone suffers from a major illness such as a stroke, heart attack, cancer etc. The lump sum payment can be used to pay off any debts, medical expenses and any other financial expenses that occur during this period.
Buy / Sell Insurance
Buy/Sell insurance is one of the best ways to assure the continuation of your business in the event of a partner’s death or disablement. The Buy/Sell business insurance is generally accompanied by a buy/sell agreement that requires any surviving partner(s) to purchase the remainder of the business in the event of a partner’s death or disablement. The purchase is funded by the benefit of the buy/sell insurance policy.
Business Protection Insurance
Business Protection Insurance covers the business’ expenses during a period of sickness