Life Insurance
When you’re fit and active, it’s easy to take your health for granted. But sickness and injury can happen to anyone, at any time. Even the healthiest people need a back-up plan in the event the worst happens. How long would you survive financially without an income? What would this mean for those around you? Life cover is a cash lump sum that is payable upon your death or on diagnosis of a terminal illness to help support your dependants. It provides financial security and peace of mind at the time it is needed most by your family. With the right insurance cover you can protect your income, your debts, and your family from the consequences of bad health so things don’t have to get any worse than they need to.

• You can protect your family’s lifestyle by covering against the loss of your income either on a temporary or permanent basis.
• You can cover yourself, your spouse, and your children against increased medical expenses.
• Personal debt protection can ensure your family is not left with unaffordable debt if you can’t work again.

To make sure that you have the right insurance cover, in the most tax and cost-effective structure, please give the team at Pattinson Financial Services a call on 1300 466 637.

Total and Permanent Disability
Total and Permanent Disability Cover (TPD) provides a cash lump sum that is payable to help support both you and your dependants if you were to be totally and permanently disabled due to illness or injury. TPD benefits are often used to eliminate debts, pay for medical expenses or to fund any permanent changes to your lifestyle resulting from your disablement that may be necessary. How much Total and Permanent Disability insurance you may require depends on a number of different factors. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.

Trauma
Each year serious medical conditions such as cancer, a heart attack or stroke can strike unexpectedly, even for those with a seemingly healthy lifestyle. In addition to the emotional and physical strain, suffering a serious medical condition can have significant financial consequences as the bills don’t stop just because you do.

Unfortunately, no matter how healthy your lifestyle is, good health doesn’t come with a lifetime guarantee. Trauma cover, sometimes referred to as Recover insurance, is a cash lump sum provided to help support both you and your dependants if you were to suffer one of a list of serious major medical conditions and procedures. Some companies also offer partial payments, depending on the level of severity of your condition. Each insurance company maintains their own list and the level of Trauma insurance you require depends on numerous different factors. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.

Income Protection
Income Protection provides you with a monthly payment while you are unable to produce an income as a result of illness or injury. Many policies will cover up to 75% of most people’s salaries if you are totally or partially disabled. By replacing your regular income, Income Protection payments can assist you and your family to function at a level of financial normality while you focus on your recovery and treatment. Income Protection policies are very flexible and can be tailored to suit your individual circumstances. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.

Business Expense Insurance
It is unfortunate, but many businesses suffer because they have not planned well enough for the unexpected. Business expense insurance acts like a financial back up plan for your business. If for some reason you were unable to work, this insurance will keep your business running and covers your fixed business costs while you are recovering. To find out more about business expense insurance, please contact the team at Pattinson Financial Services on 1300 466 637.

Estate Equalisation
When planning for the distribution of your estate, you may wish to leave the family business or an interest in a business to one or more of your children. Estate equalisation ensures the equitable distribution of your assets (particularly those that aren’t easily divisible) and can help prevent family disputes over inheritance. An estate equalisation strategy may involve one asset (for example the family business) being bequeathed to one child and an asset of equal value being bequeathed to the other(s). Often the only method of providing this “asset of equivalent value” is through life insurance. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.