Insurances

Life Insurances – Income Protection Insurance

Various Types of Insurances

Just as there are numerous makes and models of cars, there are numerous types of insurances available for everybody.

An example of Insurances currently available include:

Term Life Insurance

As the name implies, Term Life Insurance, pays a lump sum upon the death of the insured party. This type of insurance provides peace of mind and protection to your Family on your unfortunate passing. This lump sum can be used to pay off the mortgage, any outstanding bills and to provide for educational support if your school aged children.

Income Protection

Income Protection is designed to replace your income should you be unable to work due to sickness or injury. Your payments for Income Protection is fully tax deductible and is one of the most important types of insurances currently available.

Again, before purchasing any form of insurance, please speak with with a qualified, reputable Insurance company or financial planner.

Other types of Insurances that you may want to consider include:

TPD Insurance – Total and Permanent Disability Insurance
Trauma Insurance
House and Content Insurance
Motor Vehicle Insurance
Mortgage Protection
Whole of Life Insurance

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It is imperative that you check all current up to date information regarding the Insurance that is right for you and your family. Engage and utilise professional Insurance Specialists.

Source/Reference:

1 Australia may hold key to pensions, retrieved July 21, 2006
Lateline – Tony Jones speaks to former prime minister, Paul Keating, retrieved October 6, 2006
Quarterly Superannuation Performance December 2007, retrieved May 13, 2008
Australia ‘tops’ in managed funds, retrieved January 23, 2006
2006/07 Budget – Estimates of Revenue, retrieved July 21, 2006 
6″Split that can benefit you and your spouse”. http://www.smh.com.au/news/superannuation/split-that-can-benefit-you-and-your-spouse/2006/01/02/1136050380691.html. Retrieved 2006-01-24.
7.Wikipedia.org – Superannuation In Australia

8. 6310.0 – Employee Earnings, Benefits and Trade Union Membership, Australia, Aug 2008 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 17/04/2009 URL

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