Insurance

Life insurance is an important source of protection for anyone with income, assets and dependants. If you have a spouse, children, or other dependents, the payout can help your family survive the financial impact of your death. 

The most common reason for buying life insurance is to protect your dependents from the loss of your income. There are many different types of life insurance available to meet all sorts of needs and preferences. Access a comprehensive range of insurance products issued by leading insurance providers. 

Advice House can help you with policies for:

Life Cover provides your loved ones with a lump sum payment should you pass away or be diagnosed with a terminal illness. This money can be used to pay off debts such as a mortgage, cover daily living expenses or be saved for future needs such as school fees.

TPD (Total & Permanent Disability) cover pays you a lump sum if you’re unable to work again because of illness or injury. It can help you pay off debts and cover medical or other expenses, so your family can retain their lifestyle even if you can no longer earn an income.

Trauma/Critical Illness (often referred to as trauma) cover provides you with a lump sum payment to help support you and your loved ones while you recover from a serious illness such as cancer, heart attack or stroke. While medical treatments for serious illnesses are continually advancing, it may be months or years before you’re able to return to work. The payment can be used for any purpose; whether it’s to seek specialised medical treatment, reduce debts or make necessary home modifications.

Income Protection or Income Support Cover replaces up to 75% of your income if you’re unable to work because of illness or injury after a waiting period (refer to policy). It can help ensure you can afford to pay daily living expenses and debt repayments, long after your sick leave, annual leave and savings have been exhausted.

Note: it is possible to have more than one of these covers pay out due to a condition. For example, TPD, trauma and IP could all be paid to you in certain situations.

We can help you choose the best product that suits your needs and budget.