Personal protection is a catch-all that includes a range of different insurance services. Most commonly, life insurance, critical illness cover, and income protection are included under the personal protection umbrella. Whole of life insurance, and life plans for older people may also be included, depending on your individual needs and goals. Personal protection can be as comprehensive as you need it to be and is easily tailored to your budget and requirements.
Personal protection is, as the name suggests – it’s personal, designed for individual people rather than for the business itself. This means that personal protection is taken out for individual employees directly, instead of the business acquiring a plan for the employees like the Relevant Life, Executive Income Protection, Key Person and Shareholder insurance plans.