Personal Risk Insurance

Personal risk insurance can be categorised into the following areas:

Life Insurance

Pays out a lump sum to provide financial security to beneficiaries in the event of death of the insured.

Income Protection

Provides an income when you cannot earn one due to severe illness or disability. This will allow you to continue meeting your financial commitments (ie mortgage, school fees, food) throughout your illness.

Trauma/Crisis Events

When an unpredictable event – such as physical impairment, heart attack, cancer and stroke occur – without discrimination.

Total and Permanent Disability

Will provide a lump sum payment to you should you suffer an illness or injury which totally and permanently prevents you from returning to work.

One of the questions we are most commonly asked in relation to personal risk insurance is “Why do I need it?” Well we don’t hesitate to insure our car, our homes, our contents so why hesitate insuring your biggest asset – your ability to generate your income !!

Having personal risk insurance can provide financial protection for you and your family’s personal needs. It can be structured to provide for many things including protection against the loss of income, repayment of debts upon death or disability and as we mentioned above protection against the loss of income.

Your iprosper financial planner will review your personal circumstances and advise you on the amount and type of personal risk insurance that will best suit your needs. We will review any current insurance policies and assess whether or not it still meets your needs.