INCOME PROTECTION AND LIFE INSURANCE
While most people have insurance for their car or home, many overlook the importance of protecting one’s most important asset – the ability to earn an income.
Life insurance is a form of protection that provides a financial payment to your dependents in the event of your death or serious illness or injury that prevents you from returning to work.
Types of Life Insurance:
Life Insurance: A lump sum payable upon your death or the diagnosis of a terminal illness.
Income Protection Insurance: Provides a source of income for a temporary or defined period should you become unable to work due to illness or injury.
Trauma Insurance: A lump sum payable upon the diagnosis or occurrence of one of a list of specific illnesses such as cancer, heart attack or stroke.
Total and Permanent Disability Insurance: A lump sum payable if you become disabled and are unable to ever work again.
At Benchmark Financial Planning we believe that having an adequate level of insurance cover appropriate to your needs is the cornerstone of a sound financial plan. To find out more, please feel welcome to contact us.