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Personal Insurance
Asset protection deals with establishing a plan that will ensure protection of your business or personal life in the event of death, disability or trauma.
Once a plan is established, solutions are provided to ensure cash is available when it is needed most.
Insurance can be one of the most flexible financial tools available today. We specialise in creating plans that are custom-made to meet important needs such as education, retirement funding or continued security in the event of death, disability or trauma. Summit Financial Group will provide you with an assessment of the insurance market place to meet your financial goals and objectives.
LIFE INSURANCE
Life insurance won't protect you and your family from the emotional stress of a premature death. It is structured to protect your family from the financial repercussions of death. Commonlly used to clear debts and mortgages as well as ensuring a continous income for you and your family.
TRAUMA INSURANCE
Trauma cover is designed to pay a lump sum in the event of the insured person suffering a major illness (cancer, stroke, heart attack etc...) and surviving. Basic Trauma policies cover around 9 major conditions, however with the more comprehensive contracts; up to 30+ conditions may be covered.
TPD (Total & Permenant Disability) INSURANCE
Total and Permenant Disability cover pays out after a 6 month stand down period in which the insured person has been unable to do either their own occupation or two activities of daily living (these include being unable to feed oneself, dress oneself or bathe oneself).
INCOME PROTECTION INSURANCE
Income Protection pays out a monthly income (known as the benefit) if the insured is unable to work for more than 10 hours per week due to illness or injury after a specified wait period (stand down period), this can be either 2, 4, 8 13, 26, 52 or 104 weeks, however it is typically 13 weeks; until the insured is either able to return to full time employment or 65 years of age, which ever is the soonest.
MEDICAL INSURANCE
Traditional medical insurance policies have attempted to reimburse for both surgical and hospitalisation and also day-to-day medical expenses - GP visits, prescription charges and the like. The trade-off for having day-to-day coverage is generally that only quite modest levels of surgical reimbursement are offered, which may lead to quite significant shortfalls in reimbursement for major surgical procedures.