Life Insurance can take care of your family’s mortgage and help them maintain their current standard of living in the event of the death of you or your partner. It can also safeguard your children’s education and look after your partner’s retirement.
You always want to do your best to take care of your family. But, life is full of uncertainties. So, it’s important to ensure that your family is protected, should something unfortunate happen to you.
Complete Insurance has life insurance solutions that will help you take care of what’s most important to you:
Term Life Insurance protects the family after the insured dies.
When you take out a term cover policy, you are paying for an agreed lump sum death benefit amount which will be paid to your family as a lump sum, so that your family can use the money to pay off debts such as the mortgage or credit cards, as well as use the money as an income to pay ongoing bills to maintain their lifestyle and goals, such as your children’s education.
Trauma Insurance provides a lump sum payment to the policyholder for specified illnesses or injury listed under the policy. Eg. Heart attack, stroke, cancer etc.
Income cover provides a regular benefit to the insured person if they are unable to work due to serious illness or injury. Most income protection policies will provide a monthly payment of up to 75% of the insured’s income.
The benefit period is flexible to suit your needs eg.1 year, 5 years, or up to the age of 60 or 65 years. The longer the benefit period selected, the greater the protection for your family.
Total and permanent disability insurance (TPD) pays a lump sum amount if you are unable to work again. This benefit can be used to cover your mortgage repayments, pay for related medical expenses, and provide ongoing financial support for your family.
TPD can be provided as both a standalone policy or bundled with your current life cover.
Accident and/or Sickness policies are offered by general insurance companies and are renewable each year, and pays the monthly sum insured generally up to 75% of your total income earned. The benefit period is generally to a maximum of 52 or 104 weeks.
However, unlike Life Income Protection cover, a General Insurance Accident &/or Sickness policy can be cancelled by the insurer at the annual renewal date, if your health deteriorates over a period of time, a claim is lodged, or for any other reason at the insurers discretion.
The aim of Personal Accident &/or Sickness is to provide short term protection only for your family.
Keyman covers are generally taken out by an employer or partners in business to provide the Employer / Partner with a lump sum payment if the life insured dies.
Under this type of policy business owners / keyman protect each other lives against death. Or if an employer receives a lump sum it enables a key person to be replaced by offering a more attractive salary to attract an experienced person to the company.
Keyman cover provides peace of mind for each business partner knowing that if an owner dies the surviving owner(s) will have sufficient funds available to buy out the business from the deceased spouse or family, ensuring the business remains a going concern and does not need to be sold
Group income or death policies are usually taken out by employers on behalf of their employees, to protect their Income up to 75% in the event of accident & or sickness or payment of a lump sum on death.
The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.