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PERSONAL

INSURANCE

LATEST CLAIM EXPERIENCE

A success story that we are proud to have been involved in and a perfect example of how insurance can work in your favour and why we believe in what we sell… 

A Client contacted us to advise they needed to submit a medical claim. This was to have a benign brain tumour removed. 

The claim was approved and the client was scheduled for surgery. All expenses relating to this were covered in full from specialist consultations & treatments, surgery costs & private hospital care all of which totalled more than $70,000. Due to the diagnosis the client also qualified for a $120,000 Trauma insurance claim. 

Within 6 weeks of surgery the client had almost fully recovered 100% and had returned to work on a part time basis. 

LIFE INSURANCE

Life insurance pays your estate a lump sum upon death or terminal illness. It's designed to help your family survive financially if you and/or your partner die.
It's hard enough to deal with the loss of someone you love without experiencing financial worries as well. If you died tomorrow, not only would your family have to cope with funeral expenses, but also the mortgage, weekly bills and perhaps unexpected costs such as bringing family home from overseas.

 

How much cover will you need? Ask yourself:

• If you were diagnosed with a terminal illness and

likely to die within a year, how could you ensure you had quality time with your family?

• Who will pay for your funeral expenses?

• Will the family home have to be sold?

• Does your partner earn enough to cover the regular living expenses?

• What would you wish for your children? Great holidays? A good education?

 

How are Life insurance premiums calculated?

Premiums are based on gender, age, whether or not you are a smoker, any pre-existing health conditions and the amount of insurance you want to buy.

INCOME PROTECTION

If you can't work due to an accident, illness or disability, Income Protection can provide you and your family with a monthly benefit that replaces some of your lost income.


If you were asked, "What's your biggest asset?" you're likely to say, "My house, my car or my boat." Your biggest asset is actually your ability to earn an income.


If you fall ill unexpectedly, or are disabled, Income Protection provides the financial stability to recover and return to the lifestyle you enjoy.

 

Ask yourself:

• If an illness or injury stopped you from working would you have enough savings to cover your day-to-day expenses (mortgage, food, power, etc.)?

• If you were unable to work again, would you and your family experience financial hardship?

TRAUMA INSURANCE

How often do you hear about a relative, friend, neighbour, or colleague suffering a heart attack or stroke? Or someone you know being diagnosed with cancer or a serious medical condition? Weekly? Daily?

Trauma Cover pays a lump sum when you're diagnosed with specific major conditions. The sum can be used for any purpose – reducing debt, covering living expenses, or to pay for a much-needed holiday.

Some of the conditions included in Trauma Cover are cancer, heart attack, stroke, multiple sclerosis, coma and paralysis. Depending on the provider, Trauma insurance covers as many as 36 specific illnesses.

 

If you were diagnosed with a serious illness:

• How would you pay for specialised medical treatment not covered by the public health system?

• How would you manage, reduce, or service any outstanding debt?

• How would you afford to pay your regular household expenses?

• How would you pay for the things you had planned, like taking the kids to Disneyland?

MEDICAL INSURANCE

Health insurance covers the cost of private hospital treatment and helps you avoid public waiting lists. It allows you to have treatment where and when you need it, in consultation with your GP.


Having Health insurance means you have a greater choice of health service providers offering the service, treatment or procedure you need. With medical insurance we start with a base plan that covers you for the big expenses, such as surgical, medical and hospitalisation.

 

It also covers associated diagnostic costs. The add-ons available depend on your chosen provider and include specialists, GPs, optical and dental.

 

Ask yourself:

• How would your life be affected if you were on the public hospital waiting list for six months or longer?

• How much would it cost to get treatment for a non-acute condition?

• Could you afford to pay for private hospital treatment without insurance?