NKL Financial Planning, Nowra, NSW,  Australia
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Insurance

Insurance

What would happen to your family and business if you couldn't work due to sickness or injury? Would they be able to afford the lifestyle they currently lead, be able to pay the mortgage and pay for your children's education? The answer for most people is no.

We can therefore provide some financial relief should the unexpected happen to you with the following insurances:

Life Insurance

This type of cover pays a lump sum if you pass away which can help take care of the mortgage, pay for school fees and provide an ongoing income for your family.

This type of insurance can be held within your super so that the premiums are not affecting your cash flow.

Total and Permanent Disablement Insurance

Total and Permanent Disablement (TPD) Cover provides you with a lump sum benefit if you are unable to work again due to sickness or injury. These funds can be used to pay the high medical costs associated with a disability including funding home modifications, doctor's visits and rehabilitation services. It can also assist to take the pressure off financially by paying off debts and providing an ongoing income.

TPD Cover can also be held within your super to assist with your cash flow.

Trauma Insurance

Trauma cover pays a lump sum if you suffer from a specified major illness, disease or injury like cancer, stroke, heart attack or Parkinson's disease. This type of insurance has been designed to help you pay for medical and rehabilitation costs and also help you with lifestyle changes associated with your illness.

Income Protection

Income Protection pays a monthly benefit of up to 75% of your regular income if you cannot work due to sickness or injury. It offers protection 24 hours a day, 7 days a week and is generally tax deductible. It will continue to pay you until you return to work or until your benefit period ceases which can be up to age 65 in most cases

This benefit can help you stay on top of your debts, pay for treatment or rehabilitation and provide funds for day to day bills.

Business Expenses Insurance

Business expenses pays a monthly benefit to help cover your fixed business expenses if you're unable to work due to illness or injury. This may include things like rent, electricity and insurance. This can also be paid on top of income protection benefits.

We compare these types of insurances from the following companies:

AIA AIA
AMP AMP
Asteron Asteron
BT BT
CommInsure CommInsure
Macquarie Macquarie
MLC MLC
OnePath OnePath
TAL TAL

GENERAL ADVICE WARNING
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services (PIS) Authorised Representative before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Professional Investment Services nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.

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