Life insurance can provide financial security for your family if you were to die unexpectedly. The cash payment received many help pay off any existing debt, with the balance being invested to provide an ongoing income.

Ian's story

Ian was a fit and healthy 33 year old father of two year old twins when a tragic accident claimed his life. As a physiotherapist with his own business, Ian had taken out life insurance cover just before the birth of his daughters to ensure that the financial needs of his business would be covered in the event of his death. He had been advised that this would help ensure the family's personal financial assets were protected.

How life insurance helped Ian's family

The emotional distress caused by Ian's expected death was unavoidable; however the life insurance payment meant that the financial stress was minimal. The business debts were paid out, meaning that the business could be more easily sold.

Additionally, the mortgage on the family home was paid off and the remainder of the cash payment was invested to cover the twins' future education costs.

Total & permanent disability (TPD) insurance can provide financial security for you and your family if you were to become permanently disabled and were unable to ever work again. The cash payment received may help pay off any existing debt, with the balance being invested to provide an ongoing income.

Angela's story

Four years ago Angela was enjoying a successful career and was a single mother to a teenage son. Unexpectedly, Angela was left with a total and permanent disability, changing her and her son's future life forever.

After her husband had died three years earlier, without any insurance in place, Angela was conscious of the need to make sure that her son's future was protected if anything should also happen to her. Angela took out both life and TPD insurance cover as a contingency.

How total & permanent disability (TPD) insurance helped Angela

Having TPD cover in place has now provided Angela with a solid financial future. The cash payment received has paid off the mortgage on the family home, will cover her son's university fees and, importantly, provide her with an income source for the rest of her life.

Critical illness (trauma) insurance provides a lump sum if you are diagnosed with a specified medical condition like cancer, heart attack or stroke. A lump sum is paid regardless of whether you are able to continue to work or not.

David's story

David lives in Brisbane and has been married to Janet for over 30 years. Two years ago, at age 53, David, a non-smoker, was diagnosed with cancer. Luckily for David and Janet, David, as the main income earner, had taken out critical illness (trauma) insurance more then 20 years earlier to ensure his young family's financial future was protected.

The cancer diagnosis was a life changing event and David had to immediately stop work and begin treatment. Janet had to also stop everything to provide David with the support he needed – both practical and emotional.

How critical illness (trauma) insurance helped David

David's critical illness cover provided essential financial support with a lump sum payment helping his family pay some outstanding bills and the unexpected cost of medical treatment. This payment eased the burden and allowed David to focus solely on his recovery.

Income protection insurance can replace your income if you are unable to work and earn an income due to a serious illness or injury. It can help you continue to meet your living expenses while you recover.

Lyn's story

Lyn led an active lifestyle, juggling work and family while supporting her children through their schooling. In 2007, a presentation from Guild inspired Lyn to take out income protection cover. Two years later, out of the blue, Lyn was diagnosed with a malignant form of brain tumour.

How income protection insurance helped Lyn

Lyn's income protection cover helped her avoid financial hardship and sustain her family's lifestyle through this difficult time. "If I hadn't had income protection, realistically I would have had to look at changing the kids from their schools, and apart from having to see what's happening to their mother, to have their lives change drastically is something you want to avoid".