Risk insurance
Peace of mind for a secure future
Plan for the future and get proper protection for you and your family with Reventon’s suite of risk insurance products.
What is risk insurance?
Sometimes life can present unexpected challenges that shouldn’t be ignored. Risk insurance helps to protect you, your loved ones, and your assets in case unforeseen events occur.
Protect yourself and your family, and gain peace of mind
Receive cash lump sums or monthly benefits
Cover your costs, lost income or pay outstanding debts
Risk insurance can help to cover things like debts, rent and mortgage payments if you are unable to do so. It could also pay for the cost of rehabilitation after serious illness or injury, or aid with ongoing cost of living.
What kind of risk insurance is available?
There are a number of insurance products that could help to support you and your family in case of an unexpected event. Reventon offers a range of different risk insurance covers.
Life insurance
Life insurance pays a cash lump sum in the event of your death. The money goes to your beneficiaries, who you nominate on your policy when you take out the insurance. Life insurance can help you gain peace of mind knowing that the people who depend on you will be financially secure and your assets will be protected.
Total and Permanent Disability Insurance (TPD)
If you are no longer able to work due to total and permanent disablement, TPD insurance will pay a cash lump sum. This can help to meet day-to-day living expenses, cover your medical expenses or rehabilitation costs, pay for any modifications required to your home, or even repay loans. TPD is often sold with life cover as a package.
Income protection insurance
If you find yourself unable to work as a result of sickness or injury, income protection insurance will pay an ongoing monthly benefit of up to 75% of your pre-disability salary. This can help ease the pressure of ongoing expenses such as rent, mortgage payments, and the cost of living. The benefit will continue to be paid for a specified period and premiums are generally tax deductible.
Trauma insurance
In the event you suffer from a certain specified medical condition that has a significant impact on your life, such as a heart attack, stroke, or cancer, trauma insurance can provide cover through a lump sum payment. This can help with extra medical bills or can cover the cost of living while you go through treatment.
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How to get the best risk insurance
With such a range of products to choose from, it can be confusing to determine exactly what is covered.
Shopping around for insurance is certainly a key place to start. However, you should approach with caution – there are a number of policies on the market that seem similar on the surface, but miss some of the key covers that you might be interested in.
Here are some key things to consider before choosing your risk insurance:
What is covered?
Ensure that your policy covers what you think it does, including certain illnesses.
What is not covered?
Ensure that your policy covers what you think it does, including certain illnesses.
How much are your premiums?
These can vary greatly depending on your health status and your age.
How much is paid after a claim?
All quotes should clearly communicate how much will be paid, and when.
How would you or your family be paid after a claim?
This could be monthly payments or a one off lump sum.
Is the insurance policy future-proofed?
As life develops you may want to alter or extend your insurance accordingly.
Gain security and confidence with Reventon
It’s easy to put something like risk insurance to the back of your mind. After all, it’s natural to not want to think about unexpected events like illness or sudden death.
But, the nature of unexpected events means that they can happen anytime, so whatever your age or health status, you should ensure you have sufficient cover for you and your family. The longer you wait, the more your premiums will cost, and the less secure your family may be.
Reventon will never oversell, so you can ensure you are getting the right level of cover, paying the right price. We can support you to:
- determine which insurance and premium is right for you
- gain a full understanding of what is covered
- get the best insurance deal for your needs
- feel prepared and comfortable about the road ahead
- know that you have secured your family’s future
Secure your future today, book a meeting with an expert.
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