Risk Management
Four financial hazards faced are - we may live too long: we may die too soon; we may become disabled; and we may incur a critical illness. Consequently, we highlight the need for you to adequately protect against financial loss by maintaining appropriate levels of General, Medical and Protection Insurance.
Most people think that long term illness or injury will not happen to them, but unfortunately the statistics say otherwise. Yet many people still have no protection for their most important assets - themselves and their ability to earn an income. It is those assets that provide for the lifestyle they wish to lead and the material possessions which are always insured, such as the car and the house. Furthermore, if illness or injury does occur, the regular, domestic expenses continue, regardless of whether the income does.
Protection Insurance provides an agreed benefit on the happening of an Insured event, as per the following -
Income Protection - provides a monthly benefit to replace lost Income in the event of being unable to work, due to an illness or accident. Coverage is up to a maximum of 75% of gross earnings.
Term Life - a benefit payable in the event of death.
Trauma - provides a lump sum payment on the diagnosis of a major illness or accident.
Total & Permanent Disability - provides a lump sum payment of a major specified condition.
The above coverage is particularly important for those individuals with debts (say, a mortgage)/a young family and who are dependent on their health and their income to meet the associated costs. The best financial plan in the world and the best investments available, are not worth a great deal if they cannot be supported, or if they are required to suddenly provide for one of the above circumstances. Consequently, we see insurance cover as providing the foundation for supporting your life's goals.
We offer our expertise in the field of Risk Insurance to assist you in structuring an effective strategy and protection for your specific circumstances.
