Insurance is something most people need, but very few understand.
Risk management, the art of identifying, assessing, and controlling potential threats, is the bedrock upon which insurance is built. It's about looking beyond the present, acknowledging the unpredictable, and taking proactive steps to mitigate its impact.
Risk management and personal insurance must be considered as an integral part of the financial planning process. Just as you insure your house, car and other property against loss, you should also ensure that you hold suitable personal life insurance against illness or death.
Have you thought about how your family or your partner would cope financially if you died or were not able to work? Personal insurance can help to prevent your dependents from being financially disadvantaged if you die, suffer a medical crisis, or are disabled.
We can't protect you from misfortune — a serious accident or illness for example — but we can help you weather the storm if it strikes. We can help ensure that you, or your family, will continue to have the financial resources you need and lifestyle you want at the most crucial times — without the forced loss of investments, pension or property. How? In several ways:
By making sure you have the right kind of insurance coverage and the right amount that is suitable for you. Depending on your individual situation and objectives, these may include Life Insurance, Critical illness Insurance and Income Protection Insurance.
Get it wrong and your loved ones could end up with a lot less than they should have, or be left fighting over your assets. Get it right and you can arrange the transfer of your assets with a smooth transition. We work closely with your lawyer and accountant to plan for your needs.
What if your business lost the services of a key person? Who will take over or buy your business and how can you get the most for it if you sell? These are all questions that need to be answered with a comprehensive plan based on expert advice and commercial experience.
Risk management, and in particular personal insurances, are a vital ingredient of any comprehensive financial plan. Our experienced financial planners specialise in tailored personal insurance.
Life Insurance pays a lump sum to your dependents if you die. It is designed to provide you with the reassurance that your loved ones will be looked after financially if you're no longer there to provide.
The amount of money paid out depends on the level of coverage you buy. You cannot rely on the government to take care of your family. If you want to provide for your family financially when you die, life insurance is a must.
This is a form of insurance that will provide you with a one-off payment in the event that you are diagnosed with a serious illness or injury. The lump sum insurance payment is often used to eliminate debts, pay for medical expenses or fund any permanent lifestyle changes resulting from disablement.
Many of the mortgage defaults and credit insolvencies are due to "illness or accident in a household" and every year thousands will find themselves unable to work due to injury or serious illness.
Income protection coverage will ensure you can still manage financially if you were put out of work for a period of time by replacing up to 75% of your income until you can start working again, until you retire, die or the end of your policy term — whichever is sooner.
Payment Protection Insurance is a type of insurance that aims to cover loan or credit repayments in specific situations where the borrower is unable to meet them due to circumstances such as illness, involuntary unemployment, or death. It's typically associated with loans, mortgages, credit cards, or other forms of credit.
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