INSURANCE
ARE YOU PROTECTED IF THE WORST SHOULD HAPPEN?
At Finserv, we know there’s nothing more inportant than you and your family’s security and independence. We understand how hard you work every day to keep your family safe, but sickness, injury or even premature death can take it away in an instant. If something should ever happen to you could you still support your family or pay your bills? A well chosen insurance plan provides you with the pease of mind that comes from knowing your family is financially protected sgould the worst occur.
Protect the ones you love
The ‘big moments’ in life are sometimes planned, such as a marriage, the arrival of a baby, or a new job offer . . . but then there are other moments that can take us by surprise. Having adequate financial protection in place can give you peace of mind, knowing that in the event of your death or terminal illness, you can help ensure your family will be financially looked after and able to maintain their current standard of living.
Life Cover will provide a lump sum payment in the event of your death or terminal illness. You select the amount of cover which is known as the benefit amount. Life Cover is available inside superannuation.
Our Insurance advisers can assist you with;
Protection when you are not able to work again
Being unable to ever work again due to total and permanent disability would have a serious emotional and financial impact on you and your family. Having adequate cover in place for such an event can help secure your financial future and give you peace of mind.
If you suffer total and permanent disability while this cover is in place and meet the conditions of the TPD definition which apply (as stated on your policy certificate), Insurer will pay the TPD Cover benefit amount stated on your policy certificate (including any increases or decreases that have been made under the terms of the policy).
Protection when you need it most
We are living longer and surviving serious illnesses like cancer, stroke and heart disease that would have once resulted in an early death. This is great news and a lump sum payment upon diagnosis will ensure you can focus on your recovery, rather than worrying about the impact on your financial situation.
Trauma Cover will provide a lump sum payment if you are diagnosed with one of the specified trauma conditions and survive
14 days from the date of diagnosis. You select the amount of cover which is known as the benefit amount.
Protecting those most dear to you
We know your number one priority is protecting and providing for your children. You work hard to give them the best, and understand the impact on your family’s future if something were to happen to you. But what we don’t often think about is how our lives would change if one of our children suddenly became seriously ill or was injured.
Child Cover will provide a lump sum payment in the event of the death or terminal illness of the child insured or where they are
diagnosed with a specified trauma condition. You can insure more than one child on your policy but each child insured must
have the same benefit amount.
Enjoy today. We’ll take care of tomorrow.
At Finserv we understand the pressures on people who are part of the ‘sandwich generation’. Being responsible for the care and welfare of your children, as well as elderly parents can bring emotional worry, and financial stress.
Parent Cover will provide a lump sum payment in the event of the death of the parent insured. You can insure more than one
parent on your policy but each parent insured must have the same benefit amount.
Protecting your ability to earn an income
Income protection provides an ongoing monthly benefit amount if you are disabled as a result of sickness or injury.
If your income stopped today, who would pay your bills? Your partner, your parents? Or do you have enough savings to meet your day to day living expenses? If the answer is no, you should consider income protection insurance. Your ability to earn an income is one of your most valuable financial assets, and worth protecting.
Protecting your business
At Finserv we understand the pressure small business owners and the selfemployed are under. With the success of your business relying on you, and so many regular expenses, the thought of having to take time off due to sickness or injury can be frightening.
Business Expense Cover provides an ongoing monthly benefit amount if you are disabled as a result of sickness or injury and
unable to meet the fixed operating expenses of your business
CASE STUDIES
Consider this…
You are married with two children in primary school and a $250,000 mortgage.
Your partner works full time and you have also recently returned to the workforce to help cover the daily bills. All is going well financially. Then… the unthinkable happens and your partner suffers a fatal heart attack. Would your salary alone be enough to meet the mortgage repayments, pay the daily living expenses of raising two kids as well as the school expenses? How would you cope financially?
The solution is simple
Life Cover will provide a lump sum benefit in the event of death or terminal
illness. You choose the level of cover at the time of application that best meets
your circumstances and budget. The funds could be used to repay debts such as the mortgage, invest to create a future income stream, meet education and/or childcare expenses, help with estate planning or business buyouts.
Consider this…
You have recently started work after many years of study. You have purchased
a home and have a $400,000 mortgage. Then…you have a serious accident and suffer permanent injuries to your back which means you are unlikely to ever be able to work again. How would you meet your mortgage repayments and daily living expenses? Do you have access to capital to modify your home if needed and cover the expense of rehabilitation?
How would you cope financially?
The solution is simple
TPD Cover will provide you with a lump sum benefit of up to $5,000,000 in the event of total and permanent disability as a result of sickness or injury. The benefit payment could be used to pay off your mortgage and other outstanding debts, cover the costs associated with a long term disability such as full time care or modifications to your home or cover the shortfall of income protection cover which generally only allows you to protect up to 75% of your income.
Consider this…
Each year, around 55,000 Australians suffer a heart attack. This equates to
one heart attack every 10 minutes. In 2012 there were over 420,000 people
living with the effects of stroke. This is predicted to increase to 709,000 in 2032. 1 in 2 Australian men and 1 in 3 Australian women will be diagnosed with cancer by the age of 85. More than 60% of people diagnosed with cancer in Australia will survive more than five years after diagnosis.3 How would you cope financially if something happened to you? Would you have enough savings to cover all your out of pocket expenses? Or access the best medical treatment for your condition? Would your reduced income meet the mortgage repayments and your living expenses?
The solution is simple
Trauma Cover will provide you with a lump sum benefit of up to $2,000,000
if you are diagnosed with one of 44 specified medical conditions and
survive 14 days from diagnosis, irrespective of whether or not your ability to
work is impacted.
Consider this…
You’ve just taken out your first mortgage to purchase your dream home and have been doing some minor renovations before moving in. You work full-time and live comfortably on an annual salary of $85,000. Then, one weekend while fixing the living room window, you fall and injure your back. The result, you are unable to work for 12 months. How would you cope financially? Would you have enough money to continue to meet the mortgage repayments as well as pay the daily bills?
The solution is simple
Income Protection Cover is designed to provide you with an ongoing monthly income if you are unable to work due to sickness or injury. You can usually cover up to 75% of your income plus superannuation contributions. Premiums are generally tax deductible, whilst benefits are subject to tax, like your income.
statistics
Medical Stats
Get In Touch
Contact Details
If you are interested in working with us then please drop us a line, we would love to hear from you.
sUIT 4, 55 pHILLIP ST, PARRAMATTA NSW 2150 AU
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Frequently Asked Questions
FAQ
If you die or are diagnosed with a terminal illness, we will pay the Life Cover benefit amount stated on your policy certificate (including any increases or decreases that have been made under the terms of the policy).
Life cover benefit may not be payable under Life Cover if your death is caused directly or indirectly by suicide or any intentional self-inflicted act within 13 months of:
- the cover start date
- an increase in the benefit amount (but only in respect of the increased amount and does not include an increase in cover as a result of the Indexation Benefit), or
- the date on which cover was last reinstated.
- Any benefit under Life Cover for anything specifically excluded, as stated on your policy certificate.
If you suffer total and permanent disability while this cover is in place and meet the conditions of the TPD definition which apply (as stated on your policy certificate), will pay the TPD Cover benefit amount stated on your policy certificate (including any increases or decreases that have been made under the terms of the policy).
Benefit may not be payable if your total and permanent disability, sickness, injury (or death) is caused directly or indirectly by an intentional self-inflicted act.
Benefit may not be payable under TPD Cover on or after the policy anniversary immediately after you turn age 70 for total and permanent disability unless you satisfy the Non-working TPD definition.
Benefit may not be payable under TPD Cover for anything we have specifically excluded, as stated on your policy certificat
If you suffer one of the ‘Trauma conditions’ listed
immediately below and survive 14 days from:
- for an injury, the date the injury occurs
- for a sickness, the date a medical practitioner diagnoses the sickness, and
- for a treatment, the date you undergo the treatment,
Benefit will be payable the Trauma Cover benefit amount stated on your policy certificate (including any increases or decreases that have been made under the terms of the policy).
Benefit will not be payable under Trauma Cover if your trauma condition, sickness, injury (or death):
- is caused directly or indirectly by any intentional self-inflicted act, or
- occurs within the 90 day qualifying period in respect of certain conditions as explained on page 25.
Benefit will not be payable under Trauma Cover on or after the policy anniversary immediately after you turn age 70, for any trauma condition except Loss of Independent Existence, Loss of Limbs or Sight or Cognitive Loss.
Benefit will not be payable under Trauma Cover for
anything you have specifically excluded, as stated on
your policy certificate
In broad terms, if cover is outside superannuation and you are disabled for longer than the waiting period, you will be payable an ongoing monthly benefit amount for as long as you are disabled or until the expiry of your benefit period, whichever comes first.
If cover is held inside superannuation you must be disabled for longer than the waiting period and cease to be gainfully employed or cease temporarily to receive any gain or reward under a continuing arrangement to be gainfully employed.
We will not pay a benefit under income protection if your disability, sickness, injury (or death) is caused directly or
indirectly by:
- an intentional self-inflicted act, suicide or any attempted suicide
- war or act of war (whether declared or not)
- normal or uncomplicated pregnancy or childbirth, or
- elective surgery or treatment which you voluntarily undergo within the first six months of:
- the commencement of cover an increase in the insured monthly benefit amount (but only in respect of the increased amount and does not include an increase in cover as a result of the Indexation Benefit), or
- the date the cover is last reinstated.
If your condition is directly or indirectly related to pregnancy, childbirth or miscarriage complications (including postnatal depression) a three month qualifying period applies. This means that if you have been totally disabled for three months as a result of pregnancy, benefits will begin to accrue at the end of this three month period or at the end of the waiting period, whichever is greater.
The benefit may not be payable if your disability or death is caused directly or indirectly by anything we have specifically excluded, as stated on your policy certificate.
The benefit may not be payable which we are not permitted by law to pay or reimburse any expenses which are regulated by the National Health Act 1953 (Cth) or the Private Health Insurance Act 2007 (Cth).