Protection for you, your family and even your business when it matters.
Life is surrounded by unpredictable eventualities, this single thought can make you feel uneasy about the financial security of your family and dependents in your absence or if you are unable to earn due to critical illness. If you are unsure about your life insurance cover, talk to our life insurance expert Kelvin Scott today.
The Runacres team can help you assess your risk as well as make it easy for you to secure life insurance cover to protect yourself, your family and even your business.
Click here to download Product Brochure – Life insurance for Personal Solutions
We can help you secure the following types of cover:
This cover provides a lump sum payment on the death or terminal illness of the insured person. The cover can be used for family protection, asset protection, to provide an inheritance, for business asset and personal protection, or as a ‘guarantee’ for a particular matter.
It’s vital that you fully understand your life insurance policy and that there are no unpleasant surprises for your family at claim time. That’s why we will use plain English language to explain just what your family will be entitled to.
As income protection insurance is protecting your income it is generally considered the most important area of risk insurance alongside life insurance. This cover can be taken out with a variety of options including different waiting periods and/or benefit periods. The monthly benefit paid is equivalent to 75% of your taxable monthly income (maximum sum insured available), which is payable after your selected waiting period after any injury or illness that prevents you from working.
This benefit may be used to assist with medical costs, home modifications, or as providing an income stream to support any shortfall in income protection payments.
You should be looking at this sooner rather than later, as the longer you leave it the more likely it is that you may develop conditions that may need to be excluded and therefore reduce your cover.
The cover can be used to cover the medical bills that often result from a critical illness, or to allow time off work to recover. It could also be used as a source of income to cover any shortfall in income protection payments; or for business protection purposes.