Understanding Personal Insurance

Why Insure?

If you became sick or injured and unable to earn an income, either you or your family could find themselves in a stressful situation, both emotionally and financially.

Without an income, how long could you or your family afford to cover your expenses without completely draining any savings safety net?

A health set back doesn’t necessarily have to affect your financial wellbeing.

Personal Insurance Options

Drawing on our industry experience and relationships with the most respected life insurance providers in Australia, ALEA Insurance is able to tailor an insurance solution for you and your family.

The most common types of personal life insurances are detailed below: 

Life Insurance 

Life cover pays a lump sum in the event of your death – helping protect your loved ones’ lifestyle and future. It is essential for those with family, or financial commitments.

Life insurance payments could help your beneficiaries cover:

  • Mortgage repayments
  • Day-to-day expenses
  • Children’s future expenses
  • Funeral expenses


Total and Permanent Disablement Insurance

Total and Permanent Disablement cover – also known as TPD – provides a tax-free lump sum payment if you become disabled to the point where you can no longer work.

TPD cover could help you meet expenses such as:

  • Mortgage repayments
  • Ongoing care
  • Medical bills
  • Home modifications


Trauma / Critical Illness Insurance

Trauma cover – also known as critical illness cover – pays an agreed lump sum benefit in the event you suffer a listed serious illness.

This lump sum can help you survive financially while you focus on your recovery.

Trauma cover could help you cover expenses such as:

  • Medical expenses and treatment costs
  • Debt repayment
  • Additional care and rehabilitation
  • Lifestyle modifications


Income Protection Insurance

Income Protection can pay up to 75% of your income if you suffer an illness or injury which prevents you from working.

This money can help you replace lost income whilst you recover.


How can a financial adviser help?

For information on how to best structure an insurance solution for you and your family, it is highly recommended you speak with us and a Risk Insurance Specialist at ALEA Insurance.


The information contained on this website is for general information only and should not be relied upon unless you first discuss your circumstances with a Licenced Financial Planner.

The Authorised Representative of Alea Insurance Pty Ltd ACN 107 647 192 is Steve Wilson (AFSL No: 331367) who is licensed by ClearView Financial Advice Pty Ltd ACN 133 593 012.