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At Kleiman Shemer Insurance Brokers Pty Ltd our services include expert tailored advice in all aspects of risk insurance incorporating  Life Insurance, Total and Permanent Disablement (TPD), Trauma/Critical Illness Protection,  Income Protection and Business Expense cover.

Life Insurance

Life Insurance provides a lump sum payment to a nominated beneficiary or beneficiaries on the death of a life insured. The lump sum paid out is usually used first and foremost to clear any debt the insured may have left behind. Once the debt is cleared, any additional amounts left over may be used to fund children's education as well as assisting in maintaining the beneficiaries lifestyle. Lump sums paid on death also give the beneficiaries cash flow without necessarily having to sell assets or rely on family support to clear debt or maintai...

Total and Permanent Disablement

Total and Permanent Disability is a lump sum paid to the insured should they become totally and permanently disabled through any illness or injury. This means that the insured person is possibly never going to go back to work. Insurance companies generally impose a 3 or 6 month waiting period before considering any possible payout. Total and Permanent Disability may be taken out in the insured's name or through superannuation. One must however keep in mind that although through superannuation there may be tax advantages, the ability for the...

Trauma/Critical Illness Protection

Trauma or Critical Illness insurance pays a lump sum benefit (the insured amount) to the insured person should a specific trauma (illness or injury) be diagnosed and confirmation of this diagnosis via medical reports is received by the insurance company. These traumas vary in number from company to company but generally range from 45 to 55 different conditions (these apply to the comprehensive policies rather than the standard policies which generally have fewer traumas specified). The traumas range from heart attacks and cancers through to ...

Income Protection

Income Protection (otherwise known as salary continuance) provides a regular income during a period of being unable to work due to sickness or injury. The insured will have to wait for a period of time before payments commence. This waiting period is decided by the insured at the time of application and can be any of 14 days, 30 days, 90 days, 365 days or 720 days. The longer the waiting period, the lower your premium will be. Income Protection benefits are paid to the insured for the period he/she is unable to work once the waiting period...

Business Expenses

Business Expense Insurance can help to keep a business running by paying the insured up to 100% of eligible business expenses (see the Product Disclosure Statement (PDS). These expenses would be paid for up to 12 months should the insured be unable to work through any illness or injury. This policy may be particularly suitable for sole traders. Business Expense Insurance may be taken out in conjunction with Income Protection Insurance or as a stand alone policy in its own right. Eligible expenses may include rent or lease repayments, intere...

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