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Life Insurance
We work together with you to build the right life insurance plan tailored to your needs and goals.
Personal Protections: Protect Your Loved Ones, Protect you and your income
We provide advice on various types of Personal protections at LIFESUPERPLAN
Life Insurance
It’s a fact that no one is permanent in this world, and everyone must eventually leave. However, when the time comes to say goodbye, ensure your family is financially protected. This can ease their financial burden, even though your absence will be deeply felt.
Here at LIFESUPERPLAN, we assist you in determining the quality life covers for your situation to protect your family in a situation if you pass away prematurely.
Here at LIFESUPERPLAN, we assist you in determining the quality life covers for your situation to protect your family in a situation if you pass away prematurely.
Why Life Insurance is Essential
Life insurance is a vital component of financial planning. Through it, you are guaranteed that your family will not suffer any economic problems when you are no more. So, when you acquire a life insurance policy, your beloved family can manage to pay off the debts, funeral expenses, and other expenses associated in your absence such as your partner’s income and your kid’s educational expenses. Our experienced advisors at LIFESUPERPLAN will work with you to identify the best solutions for your situation.
Income Protection Insurance
Imagine if you are unable to work due to some prolonged sickness or injury. How and who will cover your expenses? your mortgage repayments? Who will provide for your family and kids? Who will put the food on the table?
Income Protection covers a maximum 70% of your pretax income every month if you are unable to generate income due to injury or sickness. There are certain factors one needs to consider while seeking advice on Income protection covers such as Level of cover, waiting periods and benefit periods. At LIFESUPERPLAN we will sit with you to understand your situation and put in a strategy to take out the quality Income protection cover.
Total and Permanent Disability (TPD) Insurance
If you come across a situation in life where you can’t work at all due to some disability. You have to live with the disability if you don’t have a proper plan or backup in place. TPD insurance provides, one-off lump sum payment if you become totally and permanently disabled and unable to work ever again in life. This coverage is essential in ensuring you have the financial means to care for yourself and your family if you cannot continue working life long.
At LIFESUPERPLAN we will educate you on the intricacies of different types of TPD covers available and how it will suit your profession or the job that you are doing.
Trauma Insurance
Also referred to as critical illness insurance, trauma insurance pays a cash benefit if the policyholder is diagnosed with any life-threatening disease, including Stroke, cancer and heart attack. It enables you to concentrate on your recovery process without the added pressures such as medical expenses or loss of earnings.
How LIFESUPERPLAN can Help You in Finding the
Best Personal Protection
1. Personalized Insurance Solutions
Everyone’s situation is unique, and so are their insurance requirements. When seeking advice on Personal Protections from LIFESUPERPLAN, every advice is designed to meet your situation, needs and budget accordingly.
2. Affordable Life Insurance Plans Pricing is essential to consider when selecting a life insurance policy. We assist you in choosing the most appropriate personal protection that offers adequate coverage at an affordable cost. We will also put a strategy in place to avoid paying high premiums while ensuring your family has sufficient coverage.
3. Long-Term Support
We will review your covers as and when your situation changes and also we will stand by you and your family during the claim time.
2. Affordable Life Insurance Plans Pricing is essential to consider when selecting a life insurance policy. We assist you in choosing the most appropriate personal protection that offers adequate coverage at an affordable cost. We will also put a strategy in place to avoid paying high premiums while ensuring your family has sufficient coverage.
3. Long-Term Support
We will review your covers as and when your situation changes and also we will stand by you and your family during the claim time.
Want an in-depth look at life insurance planning
Read our comprehensive step-by-step guide to life insurance planning
F&Q
The life insurance you need depends on your financial obligations, including debts, income replacement, and future expenses like education. We can help you calculate the ideal coverage based on your situation.
Yes! Income Protection cover premium can be tax deductible provided you structure it in a right way.
Private medicare will cover you only for some types of medical conditions not all. But Trauma cover will cover you for maximum medical definitions so that you don't pay out of pocket costs.
Definitely yes but some covers cannot be funded via superannuation due to SIS legislation- condition of release clause. There are both pros and cons in funding the Insurance through your superfund and from your personal cash flow.
In most cases, the payout from a life insurance policy is not considered taxable income for the beneficiaries who are financially dependent. However, specific tax rules may apply depending on your situation, and we can provide guidance.
