| Income Protection Income Protection can provide you with a regular monthly income, generally 75% of your pre-tax income, if you are unable to produce an income as a result of illness or injury. Income Protection is also generally tax deductible. Whether you are an employee, self-employed or an employer, various levels of cover are available depending on your particular needs. By replacing your regular income, Income Protection payments can help you and your family maintain a level of financial normality. Income Protection gives you the financial freedom to focus on your recovery or treatment, without worrying about regular expenses. Income Protection policies are very flexible and can be tailored to suit your individual and family circumstances. Life Insurance Life insurance provides a lump sum on your death or on the diagnosis of terminal illness. Life insurance provides financial support when it's needed most, giving your loved ones financial security and freedom to make choices about their future. The right amount of Life insurance differs from person to person. With the help of our Advisors, you can calculate an appropriate sum insured for your circumstances which will reflect your debts and the ongoing income requirements of your dependants. Key Person Insurance Every business has at least one person who is key to the success of the business, whether it's you the owner, your business partner or a key employee. As a business owner, it is crucial that you identify the key people in your business - those who are vital to the ongoing running and success of the business and whose absence could threaten this success or could ultimately mean financial ruin. Key person, or sometimes referred to as key man insurance is an insurance policy purchased and paid for by the business. It protects your business from the adverse economic effects of suddenly losing a key person through death, total and permanent disablement or a traumatic illness. This type of insurance is especially important for self-employed people and small business owners because if an essential member of their business cannot work, this cover will assist in the cost of replacing that person. Partnership Insurance Partnership Insurance allows for a buy-out of the partner’s share of the business if something unforeseen was to happen. Could you afford to buy your partner's share or would the alternative be you partnering with the spouse or the family of your business partner? Whether this is amicable or hostile, the issue around buy out should be considered. Also see Succession Planning. Succession Planning - Buy/Sell Agreements All business relationships will unavoidably come to an end. The question is when, and in what circumstances. The end could be a voluntary departure through retirement or disagreement or involuntary departure such as death or total and permanent disability. The key is to identify the possibilities and plan for the outcome – it is simply good planning to protect what is often a very large investment. A Business Succession Plan is designed to pre-agree to a strategy with different professionals liaising and putting legal agreements and funding in place before they are needed. In most cases the agreement (called a Buy Sell agreement) comes into effect on the payment of an insurance claim for death, total and permanent disability or critical illness to one of the partners. This triggers the transfer of their share of the business to the surviving partner. Trauma Insurance Having moved through the adolescent phase in life where we considered ourselves 'bullet proof' we come to accept that traumatic events such as contracting cancer or having a heart attack don't only happen to other people. There is no guarantee that surviving a serious illness will mean a return to full, functional health. Trauma insurance provides you with a lump sum on the diagnosis (or occurrence) of one of a list of specified serious medical conditions and procedures. Each insurance company maintains their own list, but generally they include serious medical conditions such as cancer, heart attack or stroke. Trauma insurance is designed to provide you with money when you need it most. You can generally use the money how you choose, for example to cover medical costs and treatment, or to reduce debt. Some people choose to make a permanent lifestyle change, such as reducing their working hours, so they can spend more time with family. | 
