Serious accident and illness are often unexpected. It can happen to young families with mortgages and children to educate, or someone starting their own business.
What we do know is that you can put in place a contingent supply of money so that the financial implications are minimised, thus removing the uncertainty from otherwise sound financial plans.
We stay informed on the vast number of personal insurance products in today's market, enabling us to recommend policies and strategies that suit your individual needs and budget. We can also advise you on ways that your policy can be structured to save you money.
Type of protection
The most common component of a risk insurance solution is life insurance. How it works is straight forward – in the event you die, your beneficiaries (spouse, children, business partners, whomever is nominated) will receive a lump sum payment.
This could be any amount up to millions of dollars to cover all loans and debts you may have, and to cover the future well being of your loved ones. Find out more.
Total and Permanent Disability (TPD) insurance
TPD insurance covers you in the event you're totally and permanently disabled and unable to work due to illness or injury. In the event this occurs, you will receive a lump sum payment. Find out more.
Income protection provides income replacement options to protect your lifestyle, assets and independence if you suffer illness or injury. It will provide a monthly payment of up to 75% of your income while you are unable to work due to accident or sickness. Find out more.
Trauma insurance protects you from serious medical conditions and illnesses. You will receive a lump sum payment if you are diagnosed with or suffer a life-threatening illness, allowing you to concentrate on what you really need at this time – your recovery. Find out more.
Business expense insurance
Business expense insurance covers any ongoing expenses of your business, such as rent, salaries, electricity and loan repayments, or bringing in a locum to run the business while the primary income generator is unable to work due to sickness or injury.
If you are the primary income generator in a small business, or if you are self employed, you should consider this sort of cover.
Cover for your age group
Why choose us?
We are specialists in finding the right life insurance package to suit your age.
Our main areas of focus are:
- Funding insurance through superannuation
- Protecting your income
- Responding to changing needs
- lnsurance for critical illness
- Financial support for your family
- Responsive claims management
Given the vast number of personal insurance products on the market, it can be difficult deciding on the right cover for your situation. Contact a Morgans Milton adviser to find out more information or to discuss your wealth protection options.