Do not take unnecessary risks. Make sure you speak with one of the qualified financial planners at Intellichoice now on 1300 55 10 45 so we can advise you on the best insurance plan that covers you and offers you peace of mind should the unexpected happen.

We have provided below a brief summary on the various types of personal insurance products available, of which any combination of these products can be used to suit your particular circumstances and needs.

Life Insurance

• Also referred to as Term Insurance

• Provides a lump sum payment on death or terminal illness of the life insured

• Payment is made to the legal owner of the policy, who need not have any relationship to the life insured. For example, the policyholder can be the spouse, a business partner, an employer or the life insured

• Upon death of the insured, the lump sum is paid to the policy-owner (or the insured's estate) and can be used in any way chosen

• It is advisable that you aim to have enough cover to repay all large bills and debts and provide for your family or other dependants

Trauma Insurance

• Trauma insurance provides financial protection to you and your dependents, should you experience a defined trauma event, by making a one-off payment to you. For example, an injury or a defined medical condition

• Trauma insurance can be an important supplement, or a stand-alone product to Life insurance

• The sum insured is usually lower than for Life insurance, since its usual purpose is to avoid financial stress during the recuperation period and possible life changes post this event, for example, the payment will help you with specialist medical attention, home modifications or general living expenses.

• Ensure that you are clear on the types of medical conditions covered by the policy and how each medical condition is defined

Total and Permanent Disability Insurance (TPD)

• TPD provides financial protection to you and your dependents, in the event that you become permanently disabled through injury or sickness and are unable to work in your own or any occupation for which you are suited by training, education or experience

• Total and Permanent Disability is an added protection benefit often provided in Trauma and Life insurance policies

• A lump sum benefit is paid if the insured is disabled as defined in the policy

• To apply for TPD insurance you also need to be working at the time.

Income Protection

• Income protection insurance can provide financial protection to you and your dependents by making an ongoing monthly payment to you should you, as a result of a medical condition or accident, be unable to work

• This option pays up to 75% of your annual average income, in monthly benefits, to cover your expenses if you are unable to work

• You will need to choose a waiting period (how long before your benefit starts to accrue) and a benefit period (how long your benefit will be paid). For example, you might like just to cover the period after your accumulated sick leave and long service leave would be depleted

• Unlike TPD, your disablement does not need to be total and permanent

• The annual premium for Income Protection insurance may be tax deductible

• To apply for this type of policy you need to be working at the time and you can only insure up to 75 per cent of your earnings

Travel Insurance

• Covers overseas medical and dental expenses incurred outside Australia, travel and accommodation expenses if your journey is cancelled for any unforeseen circumstances outside of your control, loss or damage to your personal baggage, clothing or personal effects and personal legal liability

Don't take unnecessary risks and make sure that you and your family are protected in the event of an accident or worse - death. Our Intellichoice financial planners will be able to recommend an appropriate insurance plan to suit your needs and circumstances. To find out more about our range of personal insurance policies available, speak to our financial planners on 1300 55 10 45.

Intellichoice has a diverse range of insurance policies to protect your most treasured assets, including car, boat and caravan insurance, home and contents insurance, landlord insurance and more.

Once you have purchased your new home, car, boat or caravan you will want peace of mind knowing it is covered with the right type of insurance. We have summarised the various insurance policies available below.

Home and Contents Insurance

• Provides cover against loss or damage as a result of insured events, including fire, lightening, power surge caused by lightening, earthquake, theft, storm and rainwater run-off, bursting, leaking, discharging or overflowing of liquids and malicious damage or damage by vandals

• Emergency accommodation in the event that your home is being repaired due to damage and new for old cover is also available

Landlord Insurance

• Has been specifically designed to protect your investment property

• Covers flats, units, apartments and houses which are leased or rented to tenants

• Provides financial security against the consequence of loss and damage from insured events and legal liability, as well as optional cover for loss of rent and legal expenses

Car Insurance - Comprehensive Cover

• You or anyone you authorise to drive your car will be covered for loss of or damage to your vehicle caused by an event in the period of insurance

• This includes loss or damage to your car caused by another party, whether they are insured or not, fire, theft or attempted theft, storm, hail or flood, vandalism or malicious acts

• It also covers damage to other people's property caused by your vehicle up to $20 million

Car Insurance - Fire, theft and third party property damage/extra cover

Car Insurance - Third party property damage cover

Boat Insurance - Comprehensive Cover

• Similar in scope to comprehensive motor vehicle insurance cover

• Comprehensive boat cover includes accidental loss or damage to the boat, theft of the boat and/or its contents and personal effects, malicious damage and transit damage, if the boat is designed to be transported on its own trailer

Boat Insurance - third Party Cover

• Covers you for amounts you must legally pay for bodily injury or death of another person, or loss or damage of their property if the loss, damage, death or bodily injury is caused by your boat in an incident in the period of insurance

Caravan insurance - Comprehensive Cover

• Covers against loss or damage to the caravan, annexe and its contents from an accident as well as theft

• Includes cover against fire and storm, theft or attempted theft, accidental or malicious damage

• Includes damage against someone's property or bodily injury to another person

• Emergency accommodation and expenses can also be included if needed

Additional benefits and add-ons for your car insurance or home and contents insurance are available. Please speak to one of the financial planners at Intellichoice for a tailor made insurance product that suits your specific requirement. Call 1300 55 10 45 to find out how we can help you source an insurance policy that suits your needs.