Help Protect Your Loved Ones from the Unexpected with Life Insurance and Income Protection

What Types of Life Insurance Should I Consider?

If something happened to you or your spouse, and you were no longer able to provide for your family, how would you cope? Could you pay your mortgage, your business debts?
Would your kids have a secure future? Without a comprehensive insurance structure in place, the answer is usually no.
So what types of insurance should you consider to make sure your family is protected from future unknowns? We suggest considering the following insurance cover options to help ensure peace of mind for you and your dependents.

Life Insurance

Life insurance provides a specified lump sum amount to your beneficiaries in the event of your death, or diagnosis of a terminal illness*, helping to ensure they are looked after and can maintain their lifestyle. There is flexibility in that a lump sum can be paid to the policy owner, nominated beneficiaries or to your estate.

*To be eligible for this payment, you must be diagnosed as terminally ill with an illness that is likely to result in your death. This diagnosis must be in line with the insurer's requirements which is outlined in their Product Disclosure Statement.

Total and Permanent Disability (TPD) Insurance

TPD insurance provides a lump sum payment if you become totally permanently disabled as a result of a sickness or injury and are unable to work again.

In the event of a claim, the funds can be used any way you wish. For example, they may assist with ongoing medical expenses associated with the sickness or injury and help to make sure the long-term financial goals you had for your family aren’t forgotten.

Trauma Insurance

Trauma insurance, also known as critical illness insurance, provides a lump sum payment if you’re diagnosed with a specific illness or injury covered by the policy. These conditions are listed in the Product Disclosure Statement.

The funds can be used to reduce debts, pay for medical expenses and fund your lifestyle while you’re on the road to recovery.

Income Protection Insurance

Income protection insurance (also known as disability income insurance) is a way to help replace a share of your income if you’re unable to work due to sickness or injury.

During your selected benefit period while you are unable to work, this type of policy generally pays up to 70% of your regular pre-tax income in monthly amounts, to assist you to cover your day-to-day expenses and support your family. The percentage of salary covered declines on a sliding scale for higher-income amounts and it reduces after 2 years on the claim).

If you ever need to claim on your insurance, you can rest assured that the process will be managed efficiently and compassionately — you’ll be in good hands when going through a hard time.

How Can We Help?

Tailored and Personalised Life Insurance Advice

A well-structured Wealth Protection Plan will protect you and your family against the risks associated with illness, death or disability. We work with you to develop an insurance structure that ensures the risks of events that may prevent you from achieving your goals are appropriately minimised.

Fully Underwritten Direct Life Insurance

If you’re looking for quality, fully underwritten life insurance that offers great cover but doesn’t require personalised services from our team, then NobleOak’s My Protection Plan could be what you’re looking for. BlueRock has partnered with NobleOak, to make available this award-winning life insurance cover direct to you at competitive rates.

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Our experienced financial advisors and insurance specialists are happy to answer your insurance questions or provide a free consultation.
Did you know?
The origin of the BlueRock name is a mash-up of the founders two favourite things.
Through a mutual love of the Carlton football team and Dwayne 'The Rock' Johnson, a firm was born!