Personal Insurance for Farmers

Farm owners and labourers can present a challenge for insurers. We have a solution that can provide full personal insurance cover for farm related occupations for a variety of purposes including personal protection, keyperson risk mitigation and estate equalisation.  

Country Wealth has been providing insurance cover for farmers since 2002. We are able to offer varying levels of cover for farm hands, farm managers and farm owners including income protection, total and permanent disability, trauma and life cover.

We can recommend a mix of cover that can be used not just for the financial protection of your family but also to ensure the ongoing viability of your business should an injury or illness strike.

Personal insurance cover can be used to protect you and your family by:

• Allowing you to meet ongoing living expenses.
• In the event of your death, providing for ongoing living expenses for your spouse/family.
• Covering medical specialist treatment and associated accommodation/travel expenses.

Personal insurance cover can be used to manage business risk by:

• Using life cover to eliminate debt upon the death/disability of an owner.
• Using life cover to equalise your estate across your beneficiaries to prevent the forced sale of your property upon your death.
• Income protection can provide ongoing cash flow upon the temporary disablement of an owner.
• Trauma cover lump sum can be used to cover lost revenue in the event an owner suffering a major illness or injury.

We are able to put together a personal protection package that is tailored to provide you with the cover you want and to protect you, your family and your assets.

Features of our cover are:

• Income protection benefit period is from date of disablement up to age 65.
• Agreed value income benefit is available.
• Option to pay life, TPD and income protection cover from your existing superannuation fund.
• Cover provided by a top tier Australian insurer.
• Full trauma insurance available covering cancer, heart attacks, stroke, paralysis, major head trauma, loss of limb, etc.

When we recommend a structure for your insurance cover we implement cover with a long-term view. If you are not able to implement cover that is affordable for the long-term then the use of the cover is limited. We do this by recommending a blend of premiums that will ensure that part of the cover will not increase in cost over time.

Each client’s circumstances are considered on an individual basis which allows us to tailor the right cover for each client and their family.

Indicative premiums for a non-smoking male earning $80,000 pa are*:

 * Rates correct as at 20 August 2013 (assumes life insured resides in NSW & is a farm owner).

Indicative premiums for a non-smoking female earning $80,000 pa are*: 

* Rates correct as at 20 August 2013 (assumes life insured resides in NSW & is a farm owner).

All income protection quoted above is for a 30 day waiting period and with a benefit payable from date of disablement through to a maximum 65 years of age.

We understand that everyone is different and that there is no single protection solution for every client.  We prefer to discuss your insurance requirements with you in order to tailor a solution that is specific to your situation and needs.

We can be contacted directly on (02) 6545 2013 or via email michael@countrywealth.com.au. Alternatively, you can send us a question via the contact us section of this website.