What Insurance Do I Need?
We do not provide a one-size-fits-all approach to insurance advice. Everyone has unique circumstances and we work with you to determine the most suitable package. Be that as it may, let’s take a look at some common types of insurance you may want to consider.
Life insurance, also known as death cover, provides a lump sum payment if you were to die or become terminally ill. This payout is intended to provide financial support to those who are still dependant on you when tragedy strikes.
Income protection insurance provides coverage for one of your most important assets – your income. We never know when tragedy will strike and leave us unable to work for a period of time. This insurance provides you with up to 75% of your income over a given period of time or until you can return to work.
The wold of insurance can be intimidating.
The market is inundated with products, all of which claim they’re the one for you, and all of them packaged in confusing industry jargon. No wonder it’s one of those things we love putting off.
At Pride, our first step when it comes to insurance advice is to reduce the stress and engender confidence. Our insurance experts provide a wealth of knowledge and industry experience. They’ll work with you, understand your personal circumstances and draw up a tailored plan that offers the best coverage for the protection you need.
Trauma insurance pays out a lump sum amount in the event of you suffering a critical injury or serious illness. Common illnesses that are covered include cancer, a heart condition and stroke, but it does depend on the particular policy.
Total & Permanent Disability (TPD) Insurance
If you become totally and permanently disabled through illness or injury, TPD insurance provides a lump sum amount to help support you and your family. It’s worth noting that each insurer’s definitions can differ on what constitutes a TPD.
Insurance can be a pickle for us humans because it involves two things we’re not particularly good at: planning ahead and admitting we’re not bullet proof.
While we may want to leave it till tomorrow, the sooner we get on to organising wise insurance that provides good coverage, the sooner we and our loved ones are protected.
Always Seek Advice
When it comes to personal and business insurance needs, there’s much that needs to be taken into consideration. There are numerous options within each type of insurance, and making sure you’re across all of them – let alone knowing which is best for your circumstances – is an onerous task. Always make sure you engage the services of our risk management specialists so you know the cover you have is the cover you need.