Life Insurance will provide your Business with a lump sum of money in the unfortunate case of your death in order to protect them against the financial burdens and hardship that might otherwise follow.
Business Insurance
BUSINESS LIFE INSURANCE
What is Business Life Insurance?
In the event of untimely death or terminal illness Business life insurance will pay a tax-free lump sum. It compensates the Business/ Business partners, shareholders from the loss of income which ceases upon your death. It may also be used for immediate purposes such as covering administration costs.
Why is Business Life Insurance important to you?
Often Business Life Insurance is considered for repayment of Business debts, loss of key person. However, the primary impact that should be considered is the permanent loss of income that results in premature death. Business Life Insurance can replace income that would have been earned.
BUSINESS TOTAL PERMANENT DISABILITY
Total and Permanent Disability (TPD) Cover provides a lump sum payment should you completely lose your ability to ever work again (or carry on your normal tasks, if you are not employed), as a result of illness or injury. TPD Cover is designed to help alleviate the significant financial impact that losing an income forever would likely cause.
What is Business TPD Cover?
In the event of suffering a total and permanent disability, such as becoming paralyzed or suffering from Dementia, TPD insurance will pay a tax-free lump sum. If you were to suffer a severe accident, illness or injury, it’s possible that you would be prevented from ever returning to work, putting your current financial situation at risk. On top of being unable to work, a total and permanent disability often requires a significant change in lifestyle, including modifications to the office or home or even full-time care, all of which can be challenging to afford comfortably without TPD insurance.
Why is Business TPD Cover important to you?
Losing your ability to earn income for yourself and your Business would be devastating. TPD Insurance provides you with a one-off lump sum payment. This allows you to reduce your existing debt or pay for the key person who is unable to perform their duties toward the company.
BUSINESS TRAUMA COVER
Business Trauma Cover provides a lump-sum payment should you suffer one of the Covered Conditions listed by your provider. These could range from Cancer, Strokes, Heart Attacks, through to Dementia. The Covered Conditions are by nature serious and potentially life-threatening and, as a result, can have a significant financial impact. Trauma Cover is designed to help alleviate this financial impact on the business to the key person suffering from.
What is Business Trauma Cover?
In the event of suffering a major illness or injury, Trauma Insurance will pay a tax-free lump sum. Serious illnesses like cancer, heart attack or stroke can cause not only loss of mobility and health but also financial loss. Unlike most other policies, these policies are not compensating you for a financial loss they may pay you a lump-sum when there is no financial loss.
Why is Trauma Cover important to you?
Income protection can help replace loss of income for you if affected by a health crisis but funds from a Trauma Protection claim will allow a loved one to take unpaid time off work to care for you. Other uses for Trauma cover can include clearing of debt to reduce stress or replace the key person who is affected.
START-UP INCOME PROTECTION
Supports new business owners with monthly payments of an amount agreed at the time you take out your policy and new to business people do not need to provide financials but are limited to amounts depending on Class they are, 1-4
