New Protection Plan
You have determined that you need a Life Insurance Protection Plan to look after yourself, your family and if applicable, your business.
Establish what areas of protection are relevant and applicable to you.
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.
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.
We determine what of the following types of cover are required -
Life
Life Insurance provides a lump sum payment on the death or terminal illness of the insured person.
TPD
TPD 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.
Trauma
Trauma (Critical Illness) Insurance will pay a lump sum on diagnosis of a number of medical conditions or injuries listed under the policy.
Income Protection
An 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.
 | Get in touchFollowing the completion of a Fact Find and Needs Analysis with you to determine your Goals and Objectives, Safety Net Life is then able to conduct research and package our recommendations for you in a Statement of Advice. |