Existing Protection Plan
You have existing life insurance in place and you need guidance and advice to ensure that what you have continues to be applicable to look after yourself, your family and if applicable, your business while also ensuring the premiums you are paying are market comparable..
We need to understand what life insurance policies you have in place already.
LifeLife Insurance provides a lump sum payment on the death or terminal illness of the insured person. | TPDTPD Insurance provides a lump sum benefit in the event of the insured person becoming totally and permanently disabled to such an extent that they are unlikely to ever return to their role. | TraumaTrauma (Critical Illness) Insurance will pay a lump sum on diagnosis of a number of medical conditions or injuries listed under the policy. | Income ProtectionAn Income Protection Policy will pay you up to 70% of your income if you are unable to work due to an accident or illness for an extended period of time. |
And for what areas of protection the cover was established for.
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Asset Protection Which is cover to clear business loans, which in turn releases business / personal property and assets as security |
Ownership Protection Which is using insurance as a funding mechanism to payout a deceased or injured business partner, in exchange for their shares in the business. |
Revenue Protection Which is cover to replace lost revenue / expertise should the business lose a key employee necessary for the business' ability to generate income. |
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Income & Business Expenses Protection Which provides an ill or injured person with replacement income. For business owners, a monthly benefit to help with ongoing expenses like rent. |
Family Protection Which is cover to maintain your family's lifestyle by ensuring a sufficient source of income, debts repaid, and children's school fees are covered. |
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 | Get in touchFollowing the completion of a Fact Find and Needs Analysis with you to determine what you want to achieve with this review, Safety Net Life is then able to conduct research and package our recommendations for you in a Statement of Advice. |