We at SBA Financial use the latest computer program which offers us a diverse range of companies premiums and benefits to best suit our client’s risk profile.
It is now mandatory for us at SBA Financial Pty Ltd to analyse the client’s life insurance needs. We recognize that if your assets are not protected, financial disaster can follow.
Life Insurance/Income Protection
Life Insurance
Life itself and the ability to earn an income are the most important assets most of us have.
Therefore Life Insurance is the creation of a Lump Sum when it is needed most – On Death or Total Disability.
Insurance protection can guarantee the future of a family, business and a corporation's viability if the unexpected happens.
For a few cents in the dollar it can guarantee the future of a Family, Business and a Corporations viability if the sudden unexpected happens.
Income Protection
You can insure for up to 75% of your current income – this can be either a lump sum or an income stream paid for varying periods of time. Benefit payments can be paid for 2 years, 5 years, or through to age 65. You can choose to have a waiting period of 14, 30, 60 or 90 days or a maximum of 2 years.
Premiums vary according to the risk of your occupation and the benefits you require.
Two types of Income Protection:
| Indemnity |
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| For employed people. Income is assessable at the time of the claim. |
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| Agreed |
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| For self-employed people. Benefits and income are assessable at the time of the application. |
Trauma Insurance
Clients today realize that they are far more likely to suffer from a serious illness than dying prematurely. Trauma insurance pays a lump sum on diagnosis.
Trauma insurance cover can take the form of either:
| Basic Cover |
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| Covers the 12 more common illnesses/traumas such as: Malignant Cancer, Benign Tumours, Stroke, By-pass surgery, kidney failure and heart attack. |
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| Extended Cover |
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| Covers up to 38 different traumas such as those mentioned above, plus multiple sclerosis, severe burns, motor neurone disease, loss of limb or sight, etc. |
Total and Permanent Disability
Total and Permanent Disability is described exactly what it says – being Totally and Permanently disabled – Unable to work again in either your own occupation or being unable to do any occupation.
To apply for Total and Permanent Disability Insurance you must be working and also obtained Life and/or Trauma Insurance. Premiums vary according to the risk of your occupation.
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