We understand that finding the right personal insurance cover can be difficult and sometimes very confusing.This quick guide shows you the different types of personal insurance cover available to protect you and your family.
Life Insurance
Pays a lump sum benefit in the event of death or terminal illness to help ensure your family will be financially secure and able to maintain their current standard of living.
Income Protection
Pays an ongoing monthly benefit of up to 75% of your regular income if you are unable to work as a result of sickness or injury. If you and your family are dependent on your income to pay the bills and maintain your current standard of living, then you should consider Income Protection cover. Generally, premiums are tax deductible.
Total and Permanent Disablement
Pays a lump sum benefit in the event of total and permanent disability as a result of sickness or injury. Like Life cover, this gives you the peace of mind knowing that in the event of your total and permanent disability you will be able to continue to achieve your financial goals.
Trauma Cover
Often referred to as critical illness cover, pays a lump sum benefit upon diagnosis of a specified medical condition. There are a number of medical conditions covered under Critical Illness, however the most common conditions claimed for are Cancer, Heart Attack, Stroke and Coronary related
A lump sum payment at the time of a major medical event can help with medical expenses and rehabilitation costs as well as your everyday costs.
Child Cover
Will provide a lump sum payment in the event of the death or terminal illness of the child insured or where they are diagnosed with a specified trauma condition. A lump sum payment will help to cover the costs of a very sick child, accessing medical treatment available, modifications to the family home or stopping work to be with your child.
Parent Cover
Will provide a lump sum payment in the event of the death of a parent insured. You can insure more than one parent on your policy but each parent must have the same benefit amount. The payment is designed to cover the cost of your parent’s funeral.
Contact Knightcorp Life Insurance & Wealth Management today for more information regarding your Personal Insurance options.
In respect of this marketing, we have provided a general advice only and not personal advice. In giving the advice we have not taken into account your personal circumstances. Always read the policy documentation, including the insurer's Product Disclosure Statement if available to ensure that the product satisfies your requirements.