Life Insurance
More than just Life Cover.
Most people understand what Life Insurance is, however what many don't know is that the term Life Insurance, sometimes referred to as Personal Risk is an "umbrella heading" given to a number of other important types of insurance.
Commonly referred to as the "4 pillar products" the products falling under the heading of Life Insurance are:
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Life Cover
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Total and Permanent Disability Cover
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Income Protection and
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Trauma Cover.
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Other products include Child Cover and Accidental Cover.
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Here we provide you with a brief explanation behind each of the products.
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To learn more just give us a call or send us a message and we will be in touch.
Life Cover
What is Life Cover?
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Life Cover provides a lump sum payment which is paid to your beneficiary/s in the event of your death or if you have been diagnosed with a terminal illness.
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Why might you need life cover?
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We often plan for those big events in life, such as buying that new home, marriage, and children. However, there are others that can come as a surprise.
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While the passing of a loved one brings emotional stress, having inadequate life insurance can have a devastating impact on those you leave behind.
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When determining the level of cover, most calculate an amount that pays out all debt. They then determine an additional sum that ensures their loved one’s futures are secure.
Providing peace of mind.
The right cover provides peace of mind for when you need it the most.
Total & Permanent Disability Cover
Securing your financial future.
What is Total & Permanent Disability (TPD) Cover?
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TPD provides a lump sum payout should you become totally and permanently disabled to the extent you are unlikely to work again.
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Why might you TPD?
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While Life Cover provides security for your beneficiary/s in the event of your death, it’s also important to consider the financial impact of surviving a serious illness or injury that results in permanently disability.
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A lump sum paid out can be used to pay off out debts, cover ongoing expenses such as fulltime care, rehabilitation, and other costs such as home modifications or providing for a regular income.
TPD, Providing peace of mind knowing that your financial future is secure..
Income Protection
Protecting your ability to earn an income.
What is Income Protection (IP)?
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Income Protection Provides an ongoing monthly payment calculated as a percentage of your income should you become disabled, and you are unable to work.
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Why might you need Income Protection Cover?
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For most people the ability to earn an income is our most valuable financial asset.
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Protecting income is key to maintaining lifestyle and avoiding potential financial hardship.
Income protection. Protecting your ability to earn an income.
Trauma Cover
Getting you there safely.
Peace of mind during a difficult time?
Trauma Cover, sometimes known as Critical Illness Cover provides a lump sum benefit should you suffer one of a number of specified injuries or serious illnesses.
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Why might you need trauma Cover - Protection for you when you need it the most.
Many of us at some point in our lives will suffer an injury or be diagnosed with a serious illness like cancer, stroke and heart disease.
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Trauma Cover gives you the financial freedom to access the best medical treatment, pay for your rehabilitation, and perhaps cut back on your work hours allowing you to concentrate on your recovery instead of worrying about the potential impact on your financial situation.
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Providing peace of mind during a difficult time.
Accidental Cover
What is Accident Cover?
Accident Cover provides a lump sum or ongoing monthly benefit in the event that you suffer an illness or injury or pass away as the result of an accident.
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Why might you need Accidental Cover?
Unlike other Covers, Accidental Cover is not subject to a medical assessment making it a practical solution for those who have pre-existing medical conditions making full cover too expensive or even unavailable.
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Receiving a benefit payment under your accident policy helps to secure you and your family’s financial future.
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Products available under Accident Cover include:
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Accidental Life Cover - Pays a lump sum benefit amount if your death is the result of an accident
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Accidental Total and Permanent Disability Cover - Pays a lump sum benefit amount if you become totally and permanently disabled as the result of an accident and unlikely to ever work again.
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Accidental Income Protection. - Pays a regular monthly benefit amount if, as the result of an accident, you become partially or totally disabled and are unable to work.
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​Accident Cover. Security for you and your family’s financial future.
Child Cover
What is Child Cover?
Child Cover provides you with a lump sum benefit of up to $200,000 should your child be diagnosed with a specified critical illness, is diagnosed as being terminally ill or passes away.
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Why might you need Child Cover?
Most of us understand the importance of Life Insurance, however, what we often overlook is the potential financial should one of our children be diagnosed with a serious illness.
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A lump sum payout gives you the freedom to seek top medical treatment as well as paying for other expenses such as travel and accommodation or taking time away from work to be with your child.
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Child Cover. Financial support to help protect the ones you love the most.
General Advice Warning
General Advice Warning: As an Authorised Representative of OASIS Insurance Pty Ltd, JPB Mortgage Group Group is authorised to give General Advice only. We are unable to take into account any of your financial or personal information. You will need to decide on the level of cover you require, and whether the product is suitable for your objectives, financial situation or needs. If you require any further information before making your decision, please refer to the Product Disclosure Statement (PDS)
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ASIC Authorised Representative 1252543 of Oasis Insurance Pty Ltd AFSL No: 293770 5/4 Columbia Court Norwest NSW 2153
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How much cover is enough?
To work out how much cover you need, Moneysmart, a service provided by the Australian Securities & Investments Commission (ASIC), part of the Australian Government provides calculators and impartial guidance on steps to consider to improve your personal finances.
To access this valuable service click on the following link.
