The greatest financial risk to you and your family is death, a sudden serious illness or long term disability which may affect your ability to work. All of these events are life changing - how would your family cope?
HEALTH INSURANCE | INCOME PROTECTION | TRAUMA | TOTAL & PERMANENT DISABLEMENT
LIFE INSURANCE | MORTGAGE PROTECTION | SHAREHOLDER PROTECTION | KEY PERSON COVER
What is Health Insurance?
Private Health Cover
Our standard health insurance plan takes care of the costs of private hospital care and surgery, cancer care and supporting diagnostic imaging and tests.
Private Health Plus
Private Health Plus adds additional access to specialist consultations and cover for diagnostic imaging and testing, as well as loyalty benefits for routine screening to keep you healthy.
Why do I need Health Insurance?
Without good health, it’s hard to enjoy the good things in life. But while we insure our homes and cars, many of us still leave our health to chance. Don’t take that chance!
Imagine if you or someone in your family got really sick or needed an operation. Wouldn’t you want to get onto it right away with the best people looking after you? That’s what health insurance will do for you!
WHO IS GOING TO PAY YOUR BILLS IF YOU LOSE YOUR JOB?
For most of you, your mortgage is likely to be your biggest financial commitment, so it is vital to ensure that the repayments will always be covered.
What is Income Protection?
Income Protection cover pays you a monthly sum should you be unable to work because of illness or injury. You can decide how much cover you need and we even have options that cover rehabilitation and occupational re-training.
Why do I need Income Protection?
We all think we’re a bit bullet-proof. But “never happens” sometimes does happen. It could be something as simple as a sporting injury that keeps you off work. Or a very nasty bug you pick up while on holiday.
If you’re the main income-earner, this can have big consequences. How do you pay the rent, your car payments and other bills? Or support your family by paying the mortgage, school fees etc?
What is Trauma cover?
Trauma cover can help give you peace of mind. Should you suffer a specified serious illness or injury, or undergo a serious medical procedure outlined in your policy, it provides you with a lump sum payment to use any way you like.
From paying your medical care to covering your mortgage or household bills, you can choose how best to use the money.
Why do I need Trauma Insurance?
It will ensure you can stay on track financially if you unexpectedly get ill or injured or undergo a medical procedure or you want the freedom to use that financial support to cover the costs of what’s really important to you and your family.
WHAT WOULD HAPPEN IF YOU COULD NEVER WORK AGAIN?
Financially, this is the worst thing that could happen to you and your family.
Total & Permanent Disablement
What is Total Permanent Disablement?
Sovereign Total Permanent Disablement (TPD) cover provides a lump sum in the event of total permanent disablement caused by accident or illness, and you can choose how to spend it. It might be paying off the mortgage, getting the best medical care, improving access to your home and workplace, or ensuring your business survives. With TPD protection, you can choose to be covered for any occupation or just your usual occupation.
Why do I need Total & Permanent Disablement?
It's easy to take good health for granted. However, the reality is, sometimes we become ill or have an accident and, if it’s serious, we may never be able to work again. How would your family or your business cope if you were permanently disabled? Do you have a plan to provide for them? What would happen to your future plans, and theirs?
What is Life Insurance?
Comprehensive Life Cover is fully underwritten, meaning your policy is tailored for your lifestyle, taking into account your health and occupation so you know exactly what is covered. You can apply between the ages of 16-70 for up to $1 - 2 million (varies) to help protect against the unexpected.
Why do I need Life Insurance?
It's important to take charge and make the most of life, but we understand that things may not always go to plan. If something happened to you, your loss could affect those you love both emotionally and financially.
Knowing you have cover that can help your loved ones to survive financially should the worst happen, makes all the difference at a time when support can be at its most needed.
It's peace of mind that your family can pay the monthly bills or mortgage repayments without your salary. Or that your business can survive without your expertise.
WHO IS GOING TO MAKE YOUR MORTGAGE REPAYMENTS IF YOU CAN'T?
For most of you, your mortgage is likely to be your biggest financial commitment, so it is vital to ensure the repayments will always be covered.
What is Mortgage Protection?
Mortgage and Income Protection insurance can help cover your monthly mortgage instalments or other expenses if your earning capacity is seriously affected by illness, disability or redundancy.
Why do I need Mortgage Protection?
Buying a home is a big responsibility. This commitment affects not only you, but also your family. The last thing you'll want to see is your home slip out of your hands, if for some reason you can’t meet your repayments.
What would happen if you were unable to work for a period of time or worse still, were no longer around? Would you have the resources to keep paying off your home loan and safeguard your family’s future?
If you have a mortgage, it’s a good idea to protect yourself against all eventualities.
What is Shareholder Protection?
Shareholders are crucial when it comes to your business ownership. If the worst should happen and either you or your fellow shareholders were unable to work due to illness or injury, major trauma, permanent disability or death, your business ownership could be severely impacted. Putting in place protection for shareholders, combined with a robust succession agreement, may help your business avoid or minimise the impact.
Why do I need Shareholder Protection?
If you or one of your fellow shareholders suffered a specified major trauma, permanent disablement or death, what would happen to your business ownership? Putting in place protection for your shareholders can provide financial support to help protect against:
the remaining owners having to borrow to raise funds to buy out the interest of the co-owner who has left the business;
the remaining owners being forced into business with the spouse or dependants of the co-owner if they die; and
the forced sale of the business to raise enough money to pay out a deceased owner’s estate.
WOULD YOUR BUSINESS SURVIVE IF YOU WERE TAKEN OUT SUDDENLY?
Even if you could find a replacement person to step into your role, how long would it take to train them? What if it was your top sales person, or your 'right-hand' man... how would your business cope?
Key Person Cover
What is Key Person Cover?
A key person is someone in the business responsible for generating business income. It may also apply to an individual whose loss has a significant operational impact as opposed to business income, e.g. CEO or Financial Controller.
Key Person and Rural Key Person Cover will pay a business an agreed monthly benefit for a set period if a key person is disabled because of a continuing sickness or injury.
Why do I need Key Person Cover?
In small to medium sized businesses or partnerships, one or two people may be key revenue generators and the survival of that business may be at stake if they are unable to work and hence generate revenue. Key Person Cover gives the business time to recover and/or put in place appropriate measures to keep it running.
What is Business Continuity?
Business Continuity can provide a monthly benefit payment to help keep your business running should you or any key employees become disabled as a result of an accident or ill health, and be unable to work more than ten hours a week. It’s designed to meet the needs of business owners who have been trading for more than three years (as well as key employees).
Why do I need Business Continuity?
Most businesses protect their physical assets such as plant, equipment, stock or buildings. However, it’s their human assets that provide the initiative, drive and expertise to make the business successful and profitable. In many small to medium-sized businesses there is a reliance on these key people.