Our qualified life insurance consultants can help you make an informed decision on life insurance for your family, lifestyle and financial position.
There are a number of different insurance options available:
Life insurance provides a lump sum benefit paid to an elected beneficiary or beneficiaries upon the death of the policy holder. If you have a family, life insurance ensures that in the event of your death, your loved ones won’t have to shoulder the burden of any outstanding financial debts you unintentionally leave behind.
If you have or expect to have expenses such as mortgage repayments, car repayments or school or tuition fees in the future, comprehensive life insurance can provide you with the peace of mind that your family will be financially secure should you pass away or become terminally ill.
Income Protection will provide you with a monthly benefit payment of up to 75% of your income in the event you are unable to work for an extended period of time due to illness or injury.
Losing the ability to earn an income for any length of time can cause great financial, not to mention psychological, stress. Having financial protection in place can help you maintain the lifestyle you’ve worked so hard to achieve.
If you have dependents who rely on you to provide a constant income stream for their ongoing wellbeing, income protection will allow you to ensure any financial commitments such as loan repayments, bills, tuition fees and the range of countless other daily expenses can all be met in the event of you being unable to earn an income due to illness or injury.
Total and Permanent Disability (TPD) Insurance provides a lump sum payment to the policy holder in the event they becoming totally and permanently disabled and cannot return to work.
Becoming totally and permanently disabled through illness or injury can have an enormous impact on both your life and the life of your loved ones. There may be a number of changes, which may require significant financial investment to help you adjust to your new lifestyle.
Obtaining a TPD insurance lump sum payment can be used to help pay for rehabilitation costs, any outstanding debts, purchase necessary health care equipment and cover ongoing household expenses such as loan repayments and bills.
Suffering a major trauma event could mean there may be a number of significant financial ramifications which could adversely affect the lives of both you and your family. Trauma insurance provides lump sum cover if you are diagnosed with a specified illness or injury. These policies include major illnesses or injuries that will have a significant impact on a person's life, such as cancer or a stroke.
There are many different individual trauma incidents that can be covered through trauma insurance and each policy will have a specific list of covered medical conditions, so it’s important to review the Product Disclosure Statement for the product you are considering.
Trauma insurance can help financially support your private medical costs, rehabilitation treatment, pay for specialist medical equipment and help cover bills and other expenses while you recover.
Trauma insurance will ensure that in the event you are diagnosed with a specific medical condition or event, your family can focus on your recovery rather than the financial burden that comes with your condition. For an insurance product that can help provide a replacement income while you are sick or injured for an extended period of time, consider Income Protection.
Organising the funeral of a loved one is an emotionally exhausting experience. The last problem anyone needs during this stressful time is to worry about how funeral expenses will be covered.
Funeral Insurance will provide a lump sum payment to an elected beneficiary in the event of the death of the life insured.
A Funeral Advancement Benefit is often included in many life insurance policies to provide you with a set amount to cover funeral costs.
Lifebroker offers mortgage protection through a combination of life insurance and income protection.
On top of helping cover everyday living expenses as well as things like tuition fees or credit card repayments, you will able to use both life insurance and income protection benefits to help honour your mortgage repayments on time.
The key difference between 'Mortgage Insurance' and 'Mortgage Protection' is flexibility. Mortgage insurance is only able to be applied to home loan repayments, whereas Lifebroker’s mortgage protection options allow you to direct much needed financial assistance to the places you need it most.