Life Insurance

Life insurance provides essential protection for your income, loved ones, and future.

It helps individuals and business owners navigate their options and secure the right cover for life, disability, trauma, and income protection. If you would like to discuss suitable options for your personal circumstances, our trusted partners at Steadfast Life can help provide you with clear, straightforward options so you can make confident, informed decisions.

Life Insurance
Life Insurance provides a lump sum payment to a nominated beneficiary in the event of death. It’s the most common form of personal insurance and helps ensure that the financial future of your family is safe and secure.

Total and Permanent Disability (TPD) Insurance
This type of insurance takes care of things if the insured person is unable to work again due to sickness or injury, by replacing most of your income. Benefits paid can be used to cover medical costs, make necessary modifications to the home, or supplement personal income.

Trauma Insurance
Trauma Illness Insurance, sometimes called Critical Illness Insurance, provides a lump sum payment when a specified illness or injury occurs. This type of cover is designed to help with the financial impact by things like a heart attack, stroke, cancer, or other life threatening conditions.

Income Protection
Income Protection Insurance, sometimes called Salary Continuance, is designed to help make ends meet if you’re unable to work due to sickness or injury. The premiums paid for Income Protection Insurance are usually tax deductable.

Key Person Insurance
Key Person (also known as Keyman) Insurance is an important part of any business insurance plan. It provides funds to keep a business financially stable if a key person suffers an unexpected critical illness, permanent disability or sudden death.

Buy/Sell Insurance
Also known as Partnership Buyout Insurance. It provides the funds needed for business partners to purchase a business share from a departing co-owner in the event of death or total and permanent disability. This will help the remaining partners to continue running with minimal disruption, whilst the departing owner or their estate receive the agreed value of their shareholding.

Guarantor Protection Insurance
Guarantor Protection Insurance is also known as Business Loan Protection Insurance. It helps to ensure that if an insured event like death, trauma or total and permanent disability occurs to a director/guarantor, the business debt guaranteed by that director/guarantor is fully repaid.

Business Expenses Insurance
Business Expenses Insurance is similar to Income Protection Insurance, but it’s designed specifically for business owners. The policy pays a monthly benefit to help cover ongoing business costs and overheads, if a business owner suffers an illness or injury and is unable to work.

Group Insurance is a policy that can cover members of an organisation under a single insurance plan.

Some of the benefits of Group Life Insurance include competitive wholesale premium rates, minimal or no medical underwriting and simple administration provided by Steadfast Life.

Cover provided through Group Insurance varies, but it might include Life Insurance, Total and Permanent Disability (TPD) or even Group Salary Continuance (Income Protection).

A successful Group Insurance program is a great way to build employee loyalty and engagement by providing employees and their families’ financial security if they were to ever need it.

For employers, Group Insurance is also an effective way to attract and retain talent, whilst at the same time protect against the financial dilemma of continuing to support a sick or injured employee beyond the sick leave entitlements.