Below is an overview of the solutions that Monarch Advisory Group can help you with, as well as what each of the insurances mean to you and your family:

  • Life Insurance

    What is it?:

    This cover will pay a lump sum if you die or suffer from a terminal condition

    Why do you need it?

    Life insurance provides you with the peace of mind that your interests will be protected after you’re gone. And at a time when emotions are running high, life insurance can provide the people you leave behind with financial certainty.

  • TPD Insurance

    What is it?:

    This cover will pay a lump sum if you suffer from an illness or injury that leaves you totally and permanently disabled and unable to work in <your own/any> occupation again.

    Why do you need it?

    In the event that you can’t work in your current job or any other job again, total and permanent disability insurance helps make sure your long term financial needs and goals are taken care of.  The money can be used to pay your medical expenses, mortgages, personal debts and to make modifications to your home. The money may also enable your spouse to take time off work so that he/she can take care of you.

  • Trauma Insurance

    What is it?:

    This cover will pay a lump sum if you suffer from a listed condition such as heart attack, cancer or stroke.

    Why do you need it?

    In the event you suffer a serious illness or injury like cancer, heart attack or paralysis, trauma insurance provides you with choices. The money could be used to pay your medical expenses and treatment costs and in some instances provide you with lifestyle choices. You could use it to pay off your debts, go on a holiday, or even to make a permanent lifestyle change such as reduced working hours. The money may also enable your spouse to take time off work so that they can take care of you or support you while you receive treatment

  • IP Insurance

    What is it?:

    This cover will pay <75% or 80%> of your income as a monthly benefit if you are unable to work because of illness or injury.

    Why do you need it?

    Income protection insurance can help enable you to keep up with your every day living expenses if you’re unable to work because of illness or injury. The monthly payment allows you to concentrate on your recovery and not on how you will pay the next bill.

  • Business Expenses Insurance

    What is it?:

    This cover pays business owners a monthly benefit to assist with their day to day running of their business if they are unable to work because of illness or injury.

    Why do you need it?

    Business Expense insurance can help enable you, the business owner, to keep up with every day business expenses if you’re unable to work because of illness or injury. This includes, but is not limited to, utility bills, equipment hire and leasing, rent, salaries and superannation.

  • Key Person Insurance

    What is it?:

    Key person insurance pays a lump sum on the death or total and permanent disability of a key employee covered by the policy.

    Why do you need it?

    This money can be used to help cover:

    financial losses – e.g. any resulting increase in expenses, reduction in revenues or profits.

    liquidity – e.g. replace the income contribution of an individual the business relies on for cash flow.

    debts – e.g. business debts to third parties or shareholders, where the ability to repay the debts may be made more difficult by the departure of the key person.

  • Buy Sell Insurance

    What is it?:

    A buy-sell arrangement is effectively a legal agreement that’s backed by a life insurance policy. Under the arrangement, each partner agrees to sell their share in the event of death or a permanent disability, with the transaction to be funded by life insurance proceeds

    Why do you need it?

    This helps ensure there is sufficient cash available for the remaining partner(s) to officially take control of the business and removes any uncertainty over who owns it. It also helps ensure the former partner’s family receives a fair amount of money in exchange for their share of the business.