TMF Finance

Gay 021 688 282

TMF Insurance & Finance

Paul 021 548 857

11 Rope Street, Christchurch, 8011 New Zealand 

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©2017 by TMF Finance| TMF Insurance | TMF Commercial Finance | TMFNZ Ltd. | Website by Studio Blue Creative

TMF Business Insurance Products

BUSINESS PROTECTION PLAN


Benefits Under Business Protection Plan – Debt Protection Cover, Ownership Buyout Cover, Permanent Loss of Key Person Cover, Loss of Revenue Cover, Variable Loss of Revenue Cover, Life Cover, Total and Permanent Disability Cover, Trauma Cover, Severe Trauma Cover, Business Premium Cover.
Premium Frequency options - Weekly , Fortnightly , Monthly , Quarterly , Half Yearly, Yearly.
Minimums Quote Value - $17 per month.
Policy fee – none
Lapse – If one premium is missed and remains outstanding for more than 31 days.
Reinstatement – No underwriting if reinstated within 31 days of lapse, otherwise underwriting required. Reinstatement following and owner cancellation, however will require underwriting.
Premium Changes – Changes to sums insured or benefits included will immediately affect the premium.
 

DEBT PROTECTION COVER

To repay business debt where the death, terminal illness, or long term disability of any employee, owner or sole trader triggers a need for its repayment.
Minimum entry age – 18
Maximum entry age - 60
Expiry age – Death and Terminal Illness age 75, Total and Long Term Disability age 70.
Minimum sum insured - $20,000
Maximum sum insured- $6,000,000 for all combined lump sum benefits (except for life cover) including all TPD, Trauma,Severe Trauma, Ownership Buyout, Permanent Loss of Key Person and Debt Protection Cover across all policies.
Lives Assured – Sole Traders and Key Employees or Shareholders who are employed in the business and whose death or long term disability would trigger a requirement for business debt to be repaid.
GST – Apply to premiums and claims
Worldwide Cover – Yes – As long as the life assured remains liable for business debt.

LOSS OF REVENUE COVER

Business insurance.

To provide monthly revenue replacement when key employee or a sole trader is totally or partially disabled.

Minimum Entry Age – 18

Maximum Entry Age – 60

Expiry Age – 70

Minimum Sum Insured - $2,500 or $30,000 per annum

Maximum Sum Insured – For payment term of less than 36 months, $60,000 per month, or $720,00 per annum , for payment term of 36 months.

Payment Term Options – 6 months, 12 months, 24 months, 36 months.

Wait Period Options – 4 weeks, 8 weeks, 13 weeks and 26 weeks.

GST – apply to premiums

 

OWNERSHIP BUYOUT COVER

To fund the business – buy sell agreement commitments for an employee owner resulting from their death, terminal illness, or long term disability.

Minimum Entry Age – 18

Maximum Entry Age – 60

Expiry Age – Death and Terminal Illness – 75 , Total and Long Term Disability - 70

Min Sum Insured - $20,000

Maximum Sum Insured - $6,000,000 all combined lump sum benefits

Lives Assured – Shareholders who are actively employed in the business and whose death or long term disability would trigger a buy sell agreement. This benefit is not available to sole traders.

GST – Applies to Premiums and Claims.