Have you considered what would happen to your family in the event of a serious illness, injury or death? Failing to do so can have devastating results.
Protecting your family and securing the future of your loved ones is vital. That’s why we recommend you consider obtaining personal insurance cover.
InterPrac can provide you and your client’s with a thorough assessment of all your personal insurance needs to ensure that you and your loved ones are protected when you need it most.
Life Insurance provides a lump sum payment to your family, estate or nominated beneficiaries, in the event of your death. Life insurance can help ensure that you:
TPD cover pays out a lump sum to the life insured if you are totally and permanently disabled and you are expected to never return to work. An important consideration in the selection of TPD cover is the definitions of “any occupation” and “own occupation”. You can combine this cover with Life Insurance.
In the event that you are unable to work due to injury or illness, you would like to continue to receive an income. This will enable you to continue your recovery process without the stress of not knowing whether you will be able to afford the time off. Income Protection Insurance enables you to maintain up to 75% of your regular income while you are unable to work. Income Protection can help ensure that you:
If you suffer a medical trauma, Life Insurance won’t help, and policies like Income Protection and TPD insurance may not be suitable since pay-out depends on the effect of the event after its occurrence. What is needed is a cover like Trauma Insurance which pays a lump sum in the event of diagnosis of a specified medical condition. Trauma Insurance helps to pay for specialist or international medical attention, cover the cost of modifications to the home and reduce the financial stress of recuperation or respite.
In business, a partnership usually dissolves when one partner dies or is incapacitated, unless the partners have provided otherwise with a buy-and-sell agreement. This agreement provides for the purchase of the partner’s share of the business at a pre-arranged price.
Key Person Insurance is an important adjunct to business insurance, taken out by a business to compensate for financial losses that could arise from the death or extended incapacity of a key member of the business. Compensation is by a fixed monetary sum as specified in the insurance policy.
Contact InterPrac General Insurance on 1800 700 666 or complete the enquiry form below and an InterPrac team member will be in contact with you shortly.