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Insuring your health, life and future
Overview
What you want out of life and what life is prepared to throw your way are not always the same thing.
There are changes of circumstance along the way that can be empowering or perhaps uplifting, while other, more significant events can sometimes be devastating.
It’s these occasions in your life – expected or unexpected – that trigger change and cause you to evaluate your ability to respond to new situations. Unwelcome events such as the death of a friend or relative, or your own illness or injury, can make you question how prepared you and your family are to face such challenges. These are times when the last thing you need is the additional worry about your financial wellbeing.
As your life is enriched through relationships, home ownership and perhaps having children, your perspective on the future alters – life insurance and mortgage protection options become more important. If you make a new career move you start to consider protecting your income, or perhaps a medical check up makes you realise that health insurance would be valuable.
We are all different, with different aspirations, dreams and life circumstances, but in most cases and regardless of the stage of life we are at – our lives are full of things that are worth protecting. This is why we take out insurance, so we can get on and live life to the full.
Protect your life
Providing those important to you with the financial stability to cope in the event of your death is a wise and practical decision, offering reassurance that the future financial welfare of your loved ones will be secure.
Life Cover provides a lump sum payment in the event of your death or diagnosis of a terminal illness. This cover provides your loved ones with more choices to help them get on with life.
Protect your well being
When you’re recovering from a serious illness or injury, the last thing you need is to be coping with financial stress as well. A heart attack, stroke or serious diseases such as cancer are traumatic enough events without having to worry about the financial strain they could pose to you and your family.
Trauma Cover provides a lump sum payment that can reduce the financial and emotional strain of dealing with one of the serious conditions defined within the policy document.
Or imagine learning that you will never be able to work again due to a permanent disability, this could lead to a radical restructuring of the lifestyle you and your family enjoys.
Permanent Disability Cover provides a lump sum payment in such an event, providing financial stability when it’s most needed.
Protect your income
Your income is your ticket to the lifestyle you lead. Protecting your income if an unexpected illness or injury occurs can provide the financial stability to recover and return to the lifestyle you enjoy.
Income Protection Cover protects your income. It pays a percentage of your lost income each month if you are unable to work due to an illness or injury.
Or if you are a farmer, there is income protection designed just for you. Your farm generates the income you depend on for your livelihood. A plan to protect this income in the event of you being unable to work will give you time to get back on your feet and will even give assistance to help run the farm while you focus on recovering.
Farmer Income Protection Cover provides an agreed monthly payment during your period of illness or injury.
Protect your home
You’ve worked hard to secure your home and it’s a great feeling. By ensuring that your mortgage repayments are met in the event of unforeseen circumstances, you are not only looking after an important asset but also preserving your and your family’s lifestyle.
Mortgage Repayment Cover provides a direct payment to your mortgage provider if you are unable to work due to an illness or injury.
Protect your children
Giving your children a helping hand can let them live the life they want to live without the worry that their health or future occupation will affect their ability to be protected.
Children’s Future Insurability Cover provides your child with the opportunity to purchase their own life cover when the time is right, without the need for further health information.
Protect your health
Your health is one of your biggest assets, without it your quality of life can be greatly affected. By protecting against unexpected health care costs, health cover reduces the strain on your lifestyle and finances. It can also cut waiting times for treatment, which in turn can reduce stress allowing you to improve your quality of life sooner.
Health cover means you have a choice of a health service provider offering the service/treatment/procedure you need as it provides you with reimbursement for private surgical and medical hospitalisation costs.
How much protection do you need?
Rather than coming up with a standard formula to cover your mortgage, immediate debts, potential lost income and your children’s education; we recommend that you talk to your financial adviser. Together you can tailor a plan to suit your individual needs so you can get on and enjoy life to the full.
Extra features
Flexibility – Whether you are adding or removing benefits, we offer you the ability to alter your levels of protection to keep up with your changing life situation.
Multiple lives – With the ability to have up to 10 lives on the one policy you can meet the protection needs for your whole family.
Multiple owners – Each cover can have different owners. Furthermore, for Life Cover, Trauma Cover and Permanent Disability Cover the total sum insured can be split and owned by different people. This means any claim payment will go directly to the intended recipient, such as your current spouse, or the trustees of a family trust, with a minimum of fuss.
Our Guarantee of Upgrade Benefit means you will always have the most up to date terms and conditions for your premium. You can be assured that if the terms and conditions improve in the future we will also apply the changes to your policy (providing the premium isn’t affected). What’s more, we provide this service at no extra cost.
Text courtesy of Tower Health and Life Ltd.
Text courtesy of Tower Health and Life Ltd.