What are the different types of insurance?

We are often asked about the different types of insurance, and how do you know what types of cover are right for you? Wrapping your head around insurance can be daunting, as there are many different types of insurance, providers and policy options. 

Health Insurance: this covers you if you need to have surgery or investigative tests but there are options to extend cover to more common health concerns.

Life Insurance: this pays out a lump sum to your family in the unfortunate event that you are diagnosed with a terminal illness or no longer there to provide for them. 

Trauma Cover: this provides a lump sum in the event you are impacted by a selected range of serious health conditions. It can provide you support during your treatment and recovery. 

Total and Permanent Disability Cover:  this is paid out as one amount of cash should you become permanently disabled and unable to work. 

Income Protection and Mortgage Repayment Cover: this is often required by banks when taking out mortgages. This is a monthly payment to cover mortgage repayments or income, should you be unable to work due to sickness or injury

As you can see there are a number of different types of cover and there is not a “one size fits all” insurance policy. We will sit down with you and discuss your current needs, budget, and lifestyle, and from there we can create an insurance plan that has you covered.

Give our Insurance Market advisor Kylie a call on  027 483 9225 and she can chat about what cover best suits you.