Why do I need financial advice on life insurance?
Life insurance is a very personal product. There’s only one of you. And your cover needs to be tailored to your circumstances, and your budget.
The amount of cover you need, and the types of cover you need, can vary greatly depending on your individual circumstances.
Besides, not all insurance policies are created equal – some have additional, and included, benefits and features.
At Metsure we can help you make your insurance more affordable by recommending strategies including:
taking advantage of the tax-effectiveness of insurance inside super
combining your cover with a family member to reduce your premiums
choosing the right combination of benefits and extra options.
By looking at your income, your debts, and your family’s or business circumstances, Metsure can help you get the right cover – and the right structure – to meet your needs and your budget
Types of Cover:
Life Insurance (Death Cover)
Life insurance is your financial back up plan for your family. It gives you the confidence to seize life's possibilities knowing you've made plans to secure your family's future.
A Life insurance payment, which provides a one-off payment on your death or if you are diagnosed as terminally ill, can help your family continue to live the life you've planned together:
focus on living life without worrying about finances
stay in the family home - pay off the mortgage or cover the rent
keep the kids at their school and make future education plans
on-going day-to-day living expenses
Total and Permanent Disablement (TPD)
Total and Permanent Disablement (TPD) insurance is your financial back-up plan. It gives you the confidence to seize life's possibilities knowing you've made plans to secure your family's financial future ... just in case!
TPD insurance helps you modify your lifestyle and gives you choice and options if you're left without the ability to work. TPD insurance provides a one-off payment that can help you:
fund lifestyle changes and home modifications
cover the cost of long-term care or medical expenses
pay off any debts including your mortgage
fund an ongoing income for your family
Trauma insurance (sometimes known as recovery insurance or critical illness insurance) helps take the pressure off, so you can spend your time focusing on recovering - not worrying about your finances!
It's a great financial back-up plan for your lifestyle and gives you the confidence to seize life's possibilities knowing you've made plans to secure your future.
Trauma insurance pays you a one-off lump sum if you have a serious medical condition (like cancer, heart attack, stroke or an accident). You could use the benefit to:
pay your out-of-pocket treatment costs - or afford the best treatment available!
make lifestyle changes so you can focus on healing - like permanently reducing the number of days you work
take some time off work or take a stress-free family holiday
Replaces your income if you can't work due to sickness or injury. It's important because your income is what fuels your life today - and all of your plans for tomorrow!
Income Protection insurance gives you the confidence to seize life's possibilities knowing that if things don't quite go to plan ... well you've got a plan for that as well.
Income protection pays you a monthly benefit - just like your salary - and generally covers up to 80% of your pre-tax salary. The money can help you:
cover your mortgage or rent payments
continue to make your repayments on your car
take care of all your normal bills while you focus on getting better
Buy Sell & Keyman insurance
Key person insurance (also called key man insurance) is a type of corporate-owned life insurance which can insure an employer against the death or incapacitation of a key employee, usually an executive or partner. It is used by both large companies and small partnerships alike
A buy-sell agreement is a legally binding document between the key persons in a business (i.e. the business partners).
It acts as a succession planning tool to protect the business interest for each of the key persons in the business, and provides legal certainty for the families or estates of each of the key persons
Business insurance insurance is a financial back up plan for your business.
It gives you the confidence to seize life's possibilities knowing that you've got a plan in place to keep the business running if you're unable to work.
Business Expenses insurance covers your fixed business costs, as a monthly reimbursement, so you can focus on your recovery - and not your bills! It includes:
office rent or fees plus interest on your property loan
leases on cars, equipment or machinery
insurance and security costs
bills - such as utilities
salaries and staff superannuation (for employees who don't generate any business revenue)
costs of a locum to help out while you focus on getting better.