Life insurance is a very personal product. There’s only one of you. And your cover needs to be tailored to your circumstances and your budget. The amount of cover you need and the types of cover you need, can vary greatly depending on your individual circumstances.
Besides, not all insurance policies are created equal – some have additional benefits and features.
Your team at Centre of Wisdom Pty Ltd can also help you make your insurance more affordable by recommending strategies including:
By looking at your income, your debts, and your family’s circumstances, we can design you the right amount of cover to protection you today and then work with you each year to review to ensure it still meets your needs.
Life Insurance provides a Lump Sum benefit to your selected beneficiaries in the event of your Death or the diagnosis of a terminal illness.
Trauma Insurance provides a lump sum payment upon diagnosis of one of the range of specified medical conditions in your insurance policy, for example heart attack, cancer, stroke. These funds can help assist you with medical costs, extra care etc.
TOTAL & PERMANENT DISABLEMENT (TPD) INSURANCE
TPD Cover provides a lump sum payment should you become totally and permanently disabled through illness or injury and unlikely to be able to return to regular employment.
INCOME PROTECTION INSURANCE
Income Protection provides cover for you and your family by helping to protect the standard of living you currently enjoy. Its aim is to replace up to 75% of your gross income as an ongoing monthly benefit if you are unable to work due to sickness or injury.
Child Trauma cover is generally available for children between the age of 2 & 15 and is a lump sum payment upon death or diagnosis of one of the range of specified trauma events. Such events include cancer, paralysis, severe burns, stroke, meningitis, meningococcal disease, along with numerous others. For around $10/month for $100,000 of cover you can add a Child Trauma policy to your own Trauma contract.