Insurance
Insurance and protection is a subject which is sometimes overlooked, but having a good quality protection policy can help to reduce the financial difficulties you could experience as a result of illness or death. Having the proper protection in place will allow you and your family to focus on what matters most.
Securing your financial future starts with the right insurance choices. Trust Sterling Scotia Ltd to be your dedicated partner on this journey.
Don't leave your future to chance – let's build a secure tomorrow together.
Buildings Insurance
Buildings insurance, also known as homeowners insurance or property insurance, is a type of insurance coverage that helps protect the physical structure of your property.
It's worth noting that buildings insurance is distinct from contents insurance. Contents insurance focuses on protecting your personal belongings and possessions within the property, while buildings insurance focuses on the physical structure itself. Many homeowners choose to have both buildings and contents insurance to provide comprehensive coverage for their property and belongings.
Life Insurance
Life insurance is a type of financial protection that provides a payout to designated beneficiaries upon the death of the insured person. This payout is known as the death benefit.
Life insurance is often recommended for individuals who have dependents, such as spouses, children, or other family members, who rely on their income for financial support. It can also be used to cover outstanding debts, estate taxes, and provide a legacy for beneficiaries.
Income Protection
Income protection is a type of insurance that provides financial support to individuals in the event they become unable to work due to illness, injury, or disability. This type of insurance is designed to replace a portion of the insured person's income
Income protection insurance is particularly valuable for individuals who rely on their income to meet financial obligations, such as mortgage payments, utility bills, and daily living expenses. It helps ensure that even if a person becomes unable to work due to illness or injury, they can still receive a portion of their income to help maintain their quality of life.
Contents Insurance
Contents insurance, also known as personal property insurance or home contents insurance, is a type of insurance coverage that helps protect your belongings or personal possessions from damage, loss, or theft.
In the event of covered incidents such as fire, theft, vandalism, water damage (due to burst pipes or leaks), or natural disasters (depending on the policy and location), your contents insurance will help cover the cost of repairing or replacing the damaged or stolen items up to the coverage limits specified in the policy.
Critical Illness Cover
Critical illness cover is a type of insurance that provides a lump-sum payment to the policyholder in the event they are diagnosed with a serious and specified medical condition covered by the policy.
When considering critical illness cover, it's advisable to carefully review the policy terms, conditions, and the list of covered critical illnesses. Different insurance providers may have varying terms, exclusions, and definitions for covered conditions. As with any insurance, it's recommended to consult with an insurance professional to ensure that the policy meets your specific needs and circumstances.
Family Income Benefit
Family Income Benefit, also known as FIB, is a type of life insurance policy that is designed to provide a regular and steady stream of income to the beneficiaries of the policyholder in the event of the policyholder's death.
When considering Family Income Benefit, it's important to choose an appropriate coverage amount and term length based on your family's financial circumstances, future financial goals, and the needs of your beneficiaries. As with any insurance decision, consulting with a qualified insurance professional can help you make an informed choice that aligns with your family's needs and priorities
Need help to understand your options?
Before making any decisions about your retirement plans, it’s important to seek professional financial advice. This will help you understand all of your options and make the best decision for your individual circumstances. For more information or to discuss your requirements, please contact us.