BFP are specialist life, income protection and key person insurance advisers.

Other Common Names: Life Insurance, Trauma/Critical Illness Insurance, Total & Permanent Disablement (TPD) Insurance or Severity Health Events Cover

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Personal life and disability insurances can help cover the costs of clearing debts, ongoing living expenses, kids education, paying unexpected medical bills, estate equalisation and other important family events. These types of policies can pay a benefit upon death, total and permanent disability or the suffering of a critical illness or traumatic health event.

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Other Common Names: Sickness & Accident Insurance, Salary Continuance Insurance or Cash Flow Protection

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Income protection can pay a monthly income replacement benefit when a sickness or accident prevents the policy holder from working, helping to cover ongoing personal and family expenses. Business owners may also be eligible to cover fixed business expenses with a business expenses benefit add-on.

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Other Common Names: Key Man Insurance, Key Person Revenue Insurance or Revenue Protection Insurance

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Key person insurance can provide cash injections into a business, to help replace lost revenues and increased expenses when business owners and key people are unable to generate revenues or manage the business because of death, total and permanent disability or the suffering of a critical illness or traumatic health events.

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Other Common Names: Liability Insurance, Capital Insurance or Key Person Capital Insurance

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Debt protection insurance can repay business debts and release assets from being held as security, when business owners and guarantors are unable to service or guarantee business debts because of death, total and permanent disability or the suffering of a critical illness or traumatic health events.

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Other Common Names: Partnership Insurance, Buy/Sell Insurance, Business Succession Insurance or Directions Ownership Protection

 

Shareholders agreement insurance can cover the cost of buying out an exiting business partner if they pass away or become totally and permanently disabled, which can help to prevent disputes, maintain the value of the business and ease financial pressure on continuing business partners at an already difficult.

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Other Common Names: Insurance Under Superannuation, Superannuation Term Insurance, Superannuation Liquidity Insurance or Estate Equalisation Insurance

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Self-managed super fund (SMSF) insurance is life and disability insurance that is simply owned by a SMSF. Holding life and disability insurance through a SMSF may be beneficial in certain circumstances. It is a regulatory requirement for SMSF Trustee’s to consider the needs of the fund and its members with regards to life and disability insurance as part of their funds investment strategy.

Other Common Names: 

Corporate Insurance Plan, Staff Insurance Plan, Employee Benefits Scheme or Staff Welfare Protection

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Group life and disability insurance is a group insurance strategy that can enable employers to provide automatic acceptance life and disability insurances to their employees as a valuable employee benefit.

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BFP administers and manages our clients claims when they need us most, so this difficult process is looked after and made as easy as possible. We pride ourselves on achieving positive insurance claims outcomes for our clients. For 30+ years we have been offering this service and we are proud of our success rate with regards to getting our clients legitimate insurance claims paid. We represent our clients, not the big insurance companies.

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