Wealth Protection Insurance
We can’t always assume that traumatic or tragic events will only happen to other people. No one expects sudden death, accidents or illness. Fortunately, you can take action to minimise the otherwise devastating financial impact that serious illness, disablement or even death can have on the lives of yourself and your family.
Our Wealth Protection Advisors specialise in Wealth Protection insurance that:
- Helps families protect their income and assets from the uncertainties created by suffering a serious health trauma and the potential disablement or premature death of the family breadwinner.
- Helps families protect their assets from the uncertainties created by suffering a serious medical trauma or the premature death of family members.
- Helps business owners protect their businesses from the risks that they, their business partners or their key employees may suffer due to disablement or death.
Types of Cover
Life insurance
Life insurance provides a lump sum payment in the event of death or diagnosis of a terminal illness. It is designed so family members won’t suffer any financial hardship.
Total & Permanent Disability cover
Disability cover provides a lump sum payment should the insured person become totally and permanently disabled. This cover ensures you won’t be a financial burden on your family and can provide funds for home and/or car modifications.
Critical Illness cover
Critical illness cover (often referred to as ‘trauma cover’) provides a lump sum payment if you are diagnosed with a serious medical condition. Conditions covered may vary from policy to policy but commonly will cover cancer, stroke and heart disease. Critical illness cover will enable you to have a break from work, pay your medical expenses or even pay off debt.
Income Protection
Income protection pays a monthly benefit up to 80% of your gross income if you are unable to work due to sickness or injury. This cover will enable you to continue paying loans, bills and cover your additional day to day expenses.
Child cover
Child cover provides a lump sum payment in the event that your child is diagnosed with a specific critical condition. Child cover will assist payment of your child’s medical expenses or allow you to take time away from work to care for them. Entry age for this of cover is two years old.
Business Expense cover
Business expense cover provides a monthly benefit if you are unable to work due to sickness or injury. It is designed to cover the ongoing fixed costs of your business while you are unable to work.
Mortgage Protection cover
Mortgage protection cover pays your monthly mortgage payments should you be unable to work due to an accident, sickness, unemployment or the outstanding loan debt on the event of death.
Heritage Wealth Protection Advisors are authorised to provide financial product advice about the following life risk insurance products to retail and wholesale customers.
| Product Issuer | Examples of financial products issued |
|---|
Allianz Australia
Insurance Limited |
Consumer credit insurance (life, disability, and unemployment cover on loan repayments) |
| ING Life Limited |
Life, total and permanent disability, trauma, income protection and
business expenses insurance |
| Comminsure |
Life, total and permanent disability, trauma, income protection and
business expenses insurance |
| Asteron Life Limited |
Life, total and permanent disability, trauma, income protection and
business expenses insurance |
Call into your nearest Heritage Building Society branch or call 13 14 22 to make an appointment with one of our friendly Wealth Protection Advisors.