Protection for you, your family and even your business when it matters.
We all want to protect ourselves and our loved ones from financial hardship. 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.
We can help you secure the following types of cover:
This 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.
Total & Permanent Disablement Insurance
This provides a lump sum payment to the insured person if they became totally and permanently disabled, and are unable to return to their own/any occupation due to either sickness or injury. TPD cover can be issued inside or outside of super, and is used for personal or business protection.
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.
Income Protection Insurance
This provides a monthly benefit if you are unable to work due to illness or injury. 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.
Critical Illness Insurance
Also known as trauma insurance, this provides a lump sum if you are diagnosed with a serious medical condition/critical illness such as cancer, heart attack or stroke. 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.
Business Expenses Insurance
This provides a monthly payment for the fixed costs of a business if the insured person is unable to work due to sickness or injury. This is especially relevant for sole traders or small business whose income would be greatly affected if the Business Principal is unable to work and provide for the ongoing fixed costs of the business.
Cover is provided 24/7, and is for 100% of the fixed eligible ongoing business expenses, ie (rent, insurance, power, phone bills, vehicles etc) and benefits are payable after the selected waiting period for a maximum term of one year.