What types of insurance are right for you?
From personal to commercial and rural, everyone’s circumstances are different and need to be assessed on a case by case basis. There are some underlying fundamentals that apply to most however determining just the right type and amount of cover is the domain of INFINANCE. Lets explore some of the key attributes of insurance.
Life insurance
When we have multiple people counting on us and commitments to boot … there’ a lot to protect in the event the unthinkable occurs … that’s where a life insurance policy can step in and take care of things for those left behind.
With multiple providers out there it can be confusing as to what’s the right cover for you so Infinance, being Licensed Financial Advisers, can help cut to the chase.
We assess your situation and compare amongst providers to get just the right type and amount of cover to suit your needs.
From a single payout to monthly payments to your estate, cover can range from accident only or to include illness with multiple built in benefits.
With a life policy in place multiple rider policies can be added to bundle and create a package to reduce premiums.
Lets take a look of some of those options.
Income Protection
One of our greatest assets is our ability to earn an income and we invest a lot into enhancing our capacity to earn.
We set up our lives based on that ability and if something comes along such as an accident, illness or redundancy it can seriously disrupt the whole game.
That’s where an income protection policy can step in and replace a lot of the income that may be lost due to an unforeseen event.
Stand alone or add it as a rider benefit to a life insurance policy, Infinance can tailor a package to suit your requirements from our panel of providers.
Trauma and Disability Insurance
We really don’t want to have to think about what we would do in the event the unthinkable happens and we’re stricken with a survivable illness or an unexpected event that results in a permanent disability, but the truth of it is these things do happen and if we’re not prepared for them financially it can be a double whammy. We may not be able to do much to avert the former but the latter is preventable by adding a rider benefit to your life insurance for trauma and disability insurance.
There are multiple options in these areas and multiple providers with an array of benefits, that’s where INFINANCE is equipped to assess your personal requirements and provide just the right amount of benefits as part of a package to cover all bases.
Health Insurance
Fit and healthy ... all good. Now’s the time to lock in health insurance for your future going forward.
While the public system will take care of emergencies, private health insurance takes care to another level, gets you off the waiting list for non-urgent care and sorts any medical bills.
These can cover an array of medical conditions and include hospitalisation, specialists, diagnostic imaging and surgery with specialist cancer benefits and also include doctor and dental procedures and more … one seamless operation taken care of.
We can also provide some options to include pre-existing conditions on a case by case basis and of course it’s important to review your requirements annually to keep everything up to date as life stages change.
General Insurance – comes in two parts, personal and business / rural.
Personal
This mostly means anything that doesn’t have a heartbeat and yes … including that special baby that some guys may think actually does.
So your house, contents and everything in the shed, cars, boats, floats and other lifestyle equipment which extends to pets and livestock such as horses that do have a heartbeat ... just not people, they have their own department, as above.
While INFINANCE provides facilities for personal insurance, general insurance is its own specialist field so we refer it to our in-house team at FG Link who does that and only that so you’re in great hands with multiple providers available to provide just the right amount of cover and benefits to suit your individual requirements.
Business / rural
Starting a business or reviewing an existing … there’s a lot to pack in on the insurance front.
You can wing it and hope for the best, however its best to get professional advice to ensure you’re covered for the things you need and indeed didn’t even know you need.
Let’s take a look at some of the items to be considered, starting with:
Key Person Insurance – whether a sole trader, partnership or company, this pays the business either a lump sum or income stream in the event a key person is temporarily or worse, permanently out of action. This enables the business or farm to continue with the income that key person generated mostly replaced and provides choices as to where to go from here. Provided through Infinance, we can select just the right cover from our panel of providers.
The rest is covered by our in-house team at FG Link who specialise in general insurance and includes things like:
Material Damage
Business Interruption
Commercial Motor
Contract Works
Mobile Plant and Equipment
Then there’s the fun stuff – Liability Insurance including:
General Liability
Professional Indemnity
Directors & Officers / Managers Liability
Statutory Liability
For full description of the above items, go to the general insurance section on this website and click on the ‘click here’ link to take you to the FG Link website.
Full rural insurance packages are provided through FG Link and rural key person through Infinance.
