Tag Archives: Insurance

Buy/Sell Deeds explained

WHY HAVE A BUY/SELL DEED? A Buy/Sell Deed is an agreement between the owners of a company or unit trust that upon the death or permanent disablement of a director or key person associated with a shareholder/unitholder, that shareholder/unitholder must transfer its shares to the remaining shareholders in exchange for...

What is Critical Illness Insurance?

Critical illness insurance can pay you an agreed lump sum on the diagnosis of a specified serious illness (such as cancer, multiple sclerosis, Parkinson’s disease, heart attack, loss of sight and many other conditions). The benefit is paid by the insurer on diagnosis of the defined ailment and even if...

TPD – what does it mean?

TPD stands for Total and Permanent Disability insurance. TPD insurance can provide you with a lump sum of money should a disability resulting from injury or sickness prevent you from being able to work again. Regardless of whether the disability is caused by sickness or accident, provided the disablement is...

Life insurance and its many uses

Life insurance can ensure your family’s financial security in the event of your sudden death. It is a contract pursuant to which the insurer promises to pay a beneficiary you nominate an agreed sum of money upon your death. Usually, you would own your own policy and nominate your spouse,...

Why you need Income Protection Insurance

INCOME PROTECTION INSURANCE – WHAT IS IT? Income protection insurance (also known as salary continuance insurance) ensures that you receive regular income if you are unable to work because of an illness or an injury. It is a contract between you and an insurer, pursuant to which the insurer promises to...

One of the most important but often overlooked insurances for business

ONE OF THE MOST IMPORTANT BUT OFTEN OVERLOOKED INSURANCES FOR BUSINESS Running a successful business comes down to good planning. Questions often posed by business owners include… “Is my business profitable?”, “Do I have enough business in the pipeline?” and “Are debtors under control?” When things are sailing along smoothly,...