What would happen
to your family if you never made it home from work today?
With life insurance, you can make sure your family is protected even if the worst happens to you. It makes sense to take precautions against the financial impact of your death.
Colonial will help you assess your need for life insurance cover. This will depend on your age, family circumstances and lifestyle. Typically you will want your mortgage and any loans cleared. You may wish to provide a fund for burial and allow your surviving partner to take time off work. You may also want to replace your income for a time while your children are dependent.
We will assess what cover you have in place through home-owner's insurance, pension schemes, other policies and benefits. If there is a deficit in cover, we can advise on the best way of providing the cover through term insurance or whole of life cover; the term length of the policy; whether cover is provided by a lump sum or income benefit, or a mix of the two. We will also compare policies from across a number of different life insurance companies and recommend the most appropriate for you.
Life insurance can cover disability; death; income protection; dread disease and funeral cover. Our personalized service will guarantee that you receive the ideal life insurance solution to suit your lifestyle and your requirements.
The life insurance industry is complex and our experts are here to guide and assist you on the correct path. We will relieve you of any anxiety you may feel in regards to your life coverage.
Dread disease / severe illness covers offers you financial protection against illnesses such as heart attack, cancer or stroke. It pays out a tax free lump sum amount, which you may use in any way that you choose.
Income Protection Plan
The IPP benefit pays an income to the disabled member, which is based on his/her salary as defined in the IPP policy. The first payment will be made after the waiting period selected on the plan.
Capital Disability and impairment benefits pay a lump sum when a member becomes disabled or impaired.
Another service that Colonial offers includes personal financial planning and personal risk assurance. This includes a financial needs analysis; wills; estate duty; tax planning and asset protection.