Why Buy Life Insurance for Pre-Existing Medical Conditions?
Life insurance is one of the foundations of a successful financial plan because it offers financial security. It offers protection for your family or your business. It protects your assets and everything that you have worked for all your life.
If you have a pre-existing medical condition or health issue, you may encounter difficulties obtaining quality life insurance. But this shouldn’t stop you from securing the insurance and financial protection that you deserve, and this is where Special Risk Managers could help. We are are considered Australia’s pre-eminent specialists in finding and securing quality life insurance for clients with pre-existing medical conditions.
Everyone has different needs regarding life insurance, however, if you have a pre-existing medical condition or health issue, your options may be limited so Contact Special Risk Managers today for advice on your particular circumstances and find out how we may be able to help secure your and your family’s future. life.
Protecting your Family and Your Business
Life or disability insurance protects your family, business and assets in a variety of ways. It provides you with financial protection, security and peace of mind, knowing that in the event of your death or disability your family are looked after and lenders won’t take possession of your assets.
It will protect your family, dependents and loved ones by covering:
Loss of income
providing for you and your family by replacing your income, so that you can continue to pay household expenses such as day-to-day living costs, bills, rent and credit card and/or mortgage repayments while still maintaining a comfortable standard of living.
Capital provision
covering any emergency and unforeseen expenses that may come up in the future.
Education
ensuring that your children’s education is funded.
Asset protection
ensuring that your family doesn’t have to sell any assets to be able to pay off debts or ongoing expenses.
It will also protect your business and assets by providing:
Bank guarantee
funds to cover loans guaranteed by you.
Share purchase
funds to purchase the shares if one of the company’s shareholders dies.
If you are a business owner, you should also consider taking out key person insurance which will minimise the financial loss suffered if a key member of the business dies or becomes disabled.
It will help with important costs such as business loans and finding a suitable replacement, as well as cover any loss of revenue.
Types of Life Insurance for Pre-Existing Medical Conditions
At Special Risk Managers we may be able to help you find and secure all types of life insurance for pre-existing medical conditions and health issues, because this is what we do all day and are recognized as being experts in this field .
We may be able to assist you in obtaining most types of life insurance, including:
Term Life Insurance
As the standard type of life insurance, Term Life Insurance will pay out a lump sum benefit to your nominated beneficiaries when you die or are diagnosed with a terminal illness.
It is a reliable, affordable and simple form of life insurance that will allow your family and loved ones to live comfortably and support themselves when you’re no longer around or are unable to work.
Income Protection Insurance (or Salary Continuance Insurance)
This type of life insurance is designed to replace your income if you are suddenly unable to work because of an illness or injury.
It pays you a monthly benefit of up to 75% of your regular income, to help you cover household bills and living expenses, and continue to provide for your family and dependants while you are recovering.
TPD Insurance
Total and Permanent Disability Insurance pays out a lump sum benefit if you become totally and permanently disabled due to illness or an accident, and you will never be able to return to work.
TPD Insurance will provide you lump sum payout to give you the financial security you need to support your family, cover your medical costs, live comfortably and plan for the future.
Trauma Insurance (or Critical Illness Insurance)
This type of life insurance will pay you a lump sum if you are diagnosed with a critical and traumatic medical condition such as cancer, stroke or heart attack, and is paid out irrespective of whether or not you are able to work.
Trauma Insurance is designed to help you cover important medical and treatment costs associated with the diagnosis, as well as supplement your regular income.
For quality and affordable life insurance that covers your pre-existing medical condition, talk to the insurance specialists at Special Risk Managers today.
Since we began trading we have helped hundreds of Australians secure life insurance for a wide variety of health issues – have a look at our Testimonials and Customer Success Stories to see our solid history of success.
Not sure if we may be able to obtain cover for your pre-existing medical condition or health issue? View a list of just some of the medical conditions that we can help with, and if you’d like to enquire about another condition not listed please call us on 1300 665 356.