Death Cover

A sum insured is payable on death.

Death and Total & Permanent Disability Policy

If the insured person is totally disabled and unable to return to work, the sum insured would be paid out.

Temporary Income Loss

The ability to earn income is your most important asset. If, through sickness or accident, an insured person is unable to work, loss of income can have a devastating effect on families, and may also heavily impact the business. This cover will pay out up to 75% of income. Additional cover can be taken to cover business overheads during illness periods.

Other areas for which we can arrange cover include:

Trauma/ Critical Illness Cover

Should the insured person experience one of the thirty or so nominated problems/ diseases such as a heart attack, stroke, cancer, etc. the sum insured will be paid out whether he/ she is able to return to work or not.

Keyman Cover

This cover should consider the impact of the above on a key person or director of the business. There could be issues such as loss of sales, trade terms, finance, etc.

Shareholder Cover

This form of insurance is cross cover by shareholders on the lives of the other(s) so that in the event of one party suffering Death, TPD, or Trauma, the proceeds are available to survivors purchase the deceased’s shareholding in the company from the estate.

This needs a special agreement which ensures that the surviving shareholder has funds to buy the business, and the estate is obliged to sell. Ownership is by other partners/ shareholders on the life of each participant.

Loans

Where the company has bank loans or mortgages it is advisable to take additional cover on owners/ directors to ensure repayment in the event of Death, TPD, or Trauma.

Personal Risk Protection

Once the business side has been clarified it would be wise to look at your personal situation, taking into account what will be forthcoming from the business, if you were to meet an untimely event.

We conduct personal assessments for professional clients and company owners/ directors. This involves a process of data gathering, discussion and recommendations.

It will include an analysis of the effect of Death, TPD, or Trauma on you and your family, with special attention to your Income Protection cover. Ownership is an important aspect as it is the owner of the policy who will receive the proceeds. Often a family trust may be involved.

Medical Cover

Our Employee Benefits team is also able to structure medical cover for individuals and both large and small groups. To be made available in the future.