Life and Personal Risk Insurance
Penguin Finance can help you understand different types of insurance, assess them as per your needs and compare quotes from different insurance providers. Some of them have been described below.
Let your loved ones inherit your wealth, not your debts. Life insurance cover pays a lump sum amount in case of death or terminal illness. Many people opt for a cover that exceeds the amount of mortgage and other expected debts they are liable for. We can help you decide a cover that suits your needs and provide ongoing assistance. We also recommend reviewing your policy at least once a year to keep your policy current and valid. For instance, if you have quit smoking for more than a year, the life insurer may choose to decrease the premium on your policy.
Health / Medical Insurance
Gain control of your healthcare with an insurance cover for private medical care. With a choice of medical providers, shorter waiting times and access to elective surgery / treatments reduce the personal and financial impact of unexpected illnesses. Penguin Finance can help you find covers that aren't too expensive but provide what you believe works best for you.
Trauma insurance cover provides for lump sum payment in the event of a specified critical illnesses. An adequate cover can help you take time off from work, pay your mortgage, or use it in any other way such as getting household help and covering medical costs. While health insurance provides only cover for medical costs and covers a wide range of health issues, trauma insurance covers only a few serious illnesses and pays a lump sum amount. We can help you understand the differences and allocate the total premiums you pay amongst different types of covers.
Total & Permanent Disability Insurance
Get covered for disabilities that can affect your future ability to earn. It also pays out a lump sum amount if a permanent disability is caused by an accident or illness. Hence, you can choose how to spend or invest it. You can use it to pay off your mortgage and invest any surplus for a sustainable income.
Mortgage Repayment Cover
Mortgage repayments are often the largest portion of your monthly expenditure. Such covers pay a fixed periodic amount such as weekly, fortnightly or monthly. Hence, this cover is useful in covering the mortgage repayments in the event of a permanent or partial disability. Some policies have features that cover you for involuntary unemployment or leave without pay.