In case you can’t be there to catch them, make sure you leave a safety net. Risk insurances are the foundation of any solid financial plan.
We like to think “it will never happen to us” but the reality is, some of us will pass on sooner than expected—leaving family and loved ones behind. Should misfortune occur, could your family survive without you? How would they pay the monthly bills? Keep up with the mortgage repayments or education fees? Essentially, life will change, but you do not want to have to change your living arrangements, children's schools, etc. Life insurance allows you to grieve without any additional stressors.
Your ability to earn an income is your most valuable asset. Your lifestyle depends on it. If accident or illness prevented you from working, how would you cope financially? Most people wouldn't drive without car insurance, yet most Australians don’t consider protecting their ability to earn. A health set back should not affect your financial wellbeing. Income protection will compensate for time taken off work.
The cost of recovering from a serious illness can take its toll. How would you afford the cost of medical treatment? How would you cover your debts and continuing bills? Australians are suffering an increasing incidence of cancer. In addition to this, we’re continuing to experience high levels of heart disease and stroke. Critical illness cover pays an agreed lump sum benefit in the event of a listed serious illness. The money can help you survive financially while you focus on recovering and getting back to your everyday life.
Total & permanent disability (TPD) provide a tax-free lump sum payment if you become disabled to the point where you can no longer work. Life doesn't always turn out the way we planned. Illness and accidents are a reality—and, if serious, could leave you unable to work. How would you manage f you needed permanent care?
If you are a client of ours, you benefit from our Claims Management Service. Completing major claims documentation can be a difficult task, especially if you are hospitalised with an injury or major illness. Wading through a 24-page document requiring concentration may not be top of your agenda. And then once completed, you may be subject to stalling tactics or a claims assessor looking for an avenue to avoid paying you. This can cause mental anguish on top of your illness or injury. To assist you through the difficult process, Beaulife personally takes on all the responsibility for managing your claim—for no additional cost.
The Claims Management Service has been developed following experience with over 200 personally managed claims on behalf of clients. We assist with the following:
Completion of claims documentation
Provide you with forms for your doctor to complete
Provide you (& your doctor) with reply paid envelopes for convenience
Liaising with your doctor/s obtaining supporting documentation for your claim
We scan everything before emailing directly to the claims assessor & track the audit trail
Every document emailed is followed up within our timeframe guidelines—we want prompt action
Negotiate claims on your behalf
We can argue points of policy definitions if required to get your claim paid