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Risk Management

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Risk Management Overview

We all like to think that it “will never happen to me”. But the reality is, a serious trauma or illness can strike any of us at any time. Imagine what would happen if everything you’ve worked so hard for, including the lifestyle you and your family enjoy, was at risk due to unexpected illness or injury. That’s why it’s so important to take steps to financially protect yourself and your loved ones. With the right level of insurance in place, you can have peace of mind that if an injury, illness or death does occur, you, your family and/or your business can be financially secure enough to  cope.

10 reasons why you need an insurance review

These days, our lives are moving faster than ever. And our circumstances can change almost overnight. A regular review of your insurance covers helps to ensure that no matter what stage of life you’re at, your financial future is secure.

1   Your personal or business needs have recently changed

2   Your level of income has altered

3   Your family status has changed

4   You’d like to discuss your long-term goals with your Adviser

5   Your insurance needs have reduced since your last review

6   You’ve recently bought a house

7   You’ve taken on more debt

8   You’ve become married or divorced

9   Your existing policies need to be changed

10   It’s been over 12 months since your last review.

Life Cover

Life Cover pays a lump sum on death of the person insured. Life Cover also offers a ‘terminal illness benefit’, which means you can be paid out early if a “terminal illness” diagnosis gives you 12 months or less to live5. Money from a Life Cover claim can be used however it’s needed. For example, it could be used to assist paying off large debts, such as a mortgage, credit cards, medical expenses or bills, or to complete your bucket list. It can also provide your partner and children with financial security for the future. In the case of cover taken for business protection, it can provide funds to ensure the business has options moving forward whether that is to replace you as a key person or take the time to consider selling or winding up the business.

Income Protection

Your ability to earn an income is probably your greatest asset. A regular income allows you and your family to acquire assets and finance the lifestyle you enjoy. Income Protection is designed to pay you an income if illness or injury means you’re unable to work for an extended period of time. AMP provides rehabilitation services to help you to regain control and independence, supporting your return to work. ACC does not cover illness. So what happens if you are unable to work following an illness?

Trauma Insurance

No matter how fit and healthy you are, there’s always the possibility of a serious health problem. Trauma Cover is designed to provide an agreed lump sum that you can use any way you like if you’re diagnosed with a specified major illness or injury and live for any prescribed survival period. Trauma Cover pays out for sickness or accident related specified major traumas, and you can use the money however you like.

Total and Permanent Disability Insurance

Permanent disability can happen after an accident or a serious illness. It brings your working life to a standstill, potentially making you dependent on a government benefit for income. With TPD Cover, you could receive a lump sum payment if you become totally and permanently disabled12. The money can be used in any way you like – it could pay off your mortgage, cover medical bills, allow you to make essential modifications to your house or be invested to create an income. TPD Cover gives you financial comfort when you need it most.

Health Insurance

Secure yourself and your family by putting protection in place.  Paying for your own operation can really hurt your pocket.  Could you afford to pay for private treatment  without having health cover in place?

We aim to protect your future and increase your wealth.