Insurance is the key to managing the financial burden on families and businesses caused by death or disability. The effects can be insurmountable, and protecting your loved ones against these events is crucial.

The Piccadilly Financial Group (Piccadilly) team are experienced in sourcing and providing the cover that best meets your own unique needs.

As well as protecting your ability to earn an income, the Piccadilly team also recommends that you protect the assets you accumulate throughout your career and into retirement.

We are experienced in the areas of:

• Life insurance;
• Trauma;
• Total & Permanent Disability policies;
• Partnership Cover (including Buy/Sell arrangements);
• Key Person Insurance;
• Business Expenses Cover; and
• Income Protection.

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Life Insurance

With life insurance, the life you’re really insuring is everyone else’s! Life insurance that pays out upon death is to all intents and purposes death cover. You won’t be around to enjoy any benefits, but your family will. And that’s why it’s important to have some kind of cover. As the major breadwinner, who would look after your family and how would they maintain the lifestyle they have enjoyed?

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Income Protection Insurance

While life cover will look after your family when you die, what happens if you can’t work because of illness or an accident during the months it takes to recover, leaving school fees to pay, food to buy and a mortgage to maintain? Or maybe you can never work again and you’ve got school fees to pay, food to buy and a mortgage hanging over your head.

This is when you need income protection insurance, otherwise known as disability insurance. It’s estimated that you will earn something like $4 million over your working life, so it would be fair to say that your income needs protecting a lot more than your home and your car. This is even more so given that at the age of 35 you are 10 times more likely to be disabled then die.

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Trauma Insurance

If you’re diagnosed with a critical illness or crisis, trauma insurance can relieve your financial difficulties. Unlike income protection insurance, which is dependent on your inability to work, trauma cover is paid out on the diagnosis of a defined critical illness regardless of your working status.
Instead of receiving a monthly income stream, you are paid a lump sum that you can spend on whatever you like - medical bills, your mortgage, an overseas trip, or even a new car. The insurance company makes no demands on how you spend the money. Trauma insurance is often an adjunct to term life policies.

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How much money will you and your family need if something was to happen?

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