Personal Risk Insurance
Life is unpredictable. We believe in helping people build safeguards against unexpected, life-changing challenges through personalised Personal Risk Insurance packages, designed with you and your whānau/family in mind.
Our Personal Risk Insurance is designed to help you and your loved ones navigate life’s uncertainties with confidence. Personal risk insurance from Protect For Life ensures that you can focus on what matters most—your family, your tamariki and living your life to the fullest—while we take care of the risks. Our team is ready to listen and understand your personal situation, and can structure a personal risk insurance package for you that may include: Life Insurance, Income Protection, Disability Insurance, and Mortgage Cover.
Personal Risk Insurance Products
Life Insurance
Life insurance is a fundamental part of financial planning, providing peace of mind that your loved ones will be financially secure in the event of your passing. It ensures that your family can maintain their quality of life, cover living expenses, and manage any outstanding debts.
Consider life insurance if you value:
- Financial security for your whānau/family
- Peace of mind knowing your loved ones are protected
Anyone with dependents, outstanding debts, or a desire to provide for their family’s future in the event of their untimely death should consider life insurance. It’s especially important for parents, homeowners, and those with significant financial obligations.
In weighing up whether life insurance is right for you, it is important to consider the risks of not being covered. Without life insurance, your family could face significant financial strain during an already difficult time, potentially leading to the loss of assets and even their home. Additionally, the inability to cover final expenses and outstanding debts could create a long-lasting financial burden for your loved ones.
Income Protection Insurance
Income protection insurance is designed to replace a significant portion of your income if you are unable to work due to illness or injury. This type of coverage assists you to continue to meet your financial commitments and maintain your standard of living during challenging times.
Benefits of income protection insurance:
- Continuation of income during illness or injury
- Coverage for living expenses and bills
- Peace of mind knowing you have a safety net
Without income protection, you may face financial instability during your recovery, making it difficult to cover daily expenses and bills. This can lead to increased stress and pressure on your family’s resources, compounding the challenges of your situation. People who rely on their income to meet financial commitments should consider income protection. This is particularly important for sole breadwinners, self-employed individuals, and those without significant savings.
Disability Insurance
Disability insurance provides financial support if you become permanently disabled and are unable to work. This coverage helps you adapt to a new way of life by covering medical expenses, rehabilitation costs, and daily living expenses.
Disability insurance offers:
- Financial support for medical and rehabilitation costs
- Coverage for daily living expenses
- Peace of mind knowing you are protected against long-term disability
If you were suddenly unable to work, how would that impact you and your family? Without disability insurance, you could experience significant financial hardship due to the loss of income, making it difficult to cover medical and rehabilitation expenses. This situation can place an increased burden on your family and personal resources, adding to the overall stress and challenges you face.
Disability insurance is worth thinking about for anyone who relies on their physical ability to earn an income. Tradies, professionals in physically demanding jobs, and individuals without substantial savings should consider disability insurance.
Mortgage Cover
Mortgage cover ensures that your mortgage repayments are taken care of if you are unable to work due to illness, injury, or death. This type of insurance protects your home and ensures that your family can continue to live comfortably without the threat of losing their home.
Mortgage insurance cover provides:
- Coverage for mortgage repayments during illness or injury
- Financial security for your family
- Protection against losing your home
Homeowners with a mortgage, especially those with dependents, should consider mortgage cover. It’s crucial for anyone who wants to ensure their family can stay in their home regardless of life’s uncertainties.
While mortgage insurance can often have lower premiums than life insurance, since it specifically covers your mortgage payments, it is not necessarily a cheaper alternative. Life insurance provides a lump sum to your beneficiaries, which they can use for various financial needs, including paying off the mortgage. Mortgage insurance is limited to paying off the mortgage balance and pays directly to the lender. Therefore, while mortgage insurance may seem more affordable, life insurance offers broader coverage and flexibility for your family’s financial security.