Protect your family or business

Protect your family

Insurance^†

Ask your Macquarie Private Wealth Investment Advisor about:

• personally owned whole or universal life insurance;
• term insurance;
• disability insurance; and
• critical illness insurance.

Annuities

Annuities work like life insurance in reverse. With life insurance, you pay a certain amount each month over many years so your loved ones will get a lump sum when you die. With an annuity, you pay a lump sum up front, and get income each month over many years.

Term-certain annuities: These guarantee you a set monthly income for as many years as you want, up to age 90. If you die before you receive all your payments, they continue to go to your estate.

Life annuities: These give you a set monthly income for life, but payments will stop when you die and no money will go to your estate. You can add extra options to your agreement to get a life annuity that makes payments to your spouse after your death, or an annuity that increases your income to keep up with rising prices.

Consult your Macquarie Private Wealth Investment Advisor for more information regarding annuities and insurance.

Protect your business

Here are the primary ways that companies use insurance^†:

Sole owner protection — Disability and critical illness insurance can help replace your income during an interruption. You may also need business overhead expense insurance to keep your business operating until you return.

Key person coverage — If a key person suffers a disability or is diagnosed with a critical illness, the business receives benefit payments to help compensate the company for lost revenue and to find and hire a replacement.

Buy-sell funding — Co-owners may decide that if one co-owner suffers a career-ending disability or illness, then the other owners will buy out the business interest of the disabled person. They structure coverage in such a way that the disability/critical illness insurance benefits go to the healthy partners, and are used to purchase the business interest.

Employee benefit plans — If you offer a group life and health plan to your employees, you can include disability and critical illness insurance as two of the benefits.

Business overhead expense insurance — You receive payments that cover your business overhead expenses during your disability or critical illness to keep your operation running until you return to work or decide on the future of your business.

Business loan insurance — Provides you with monthly benefits or a lump sum to apply to business loans in the event of a disability or critical illness. It may cover term business loans, the mortgage on your business premises, government small business loans, lines of credit and account overdrafts.