Life Insurance and Income Protection for Miners

Life insurance for an underground miner can be vital and it will mean that if you are ever involved in a fatal accident in a tunnel or shaft, your family will have financial security with a payment upon your death. Surface miner’s life insurance works in the same way and if there is an accident, such as an explosion or machine malfunction that leads to your death, your loved ones will have the financial help they need to enjoy the same quality of life they led before.

Many families do not have adequate savings or they have long-term financial commitments such as mortgages and loans. With life insurance, you can make sure that these financial commitments do not become a problem for your family later on. The amount of money that will be available upon your death will vary depending on the amount that you have applied for. You can choose to save for a large lump sum payment for your family so that any debts you have are covered or you can choose a smaller amount to minimize any immediate financial risks for your loved ones after your death. Some miner’s life insurance will also cover funeral costs.

Income Protection for Underground and Open-Cut Miners

Underground miners and open-cut miners are often eligible for income protection, which is a type of insurance that will provide you with a monthly benefit payment if you are unable to work. This is also referred to as salary continuance and it is generally payable if you are unable to work because you are ill or injured, wherever you are, and need time off to.

Since underground miners face more risk than most occupations, income protection is one of the best ways to ensure that your income will be supplemented when you are not able to work. This means that if you fall ill, are hurt in a flood, gas explosion or any other type of workplace incident, you will have financial support until you get back onto your feet. Income protection can be used for anything you need, whether it helps with daily living expenses or to pay towards mortgages and other financial obligations.

Although open-cut miners are generally exposed to less risk than those that are underground, income protection is still very much worthwhile. Aside from the hazards that exist in an open cut mine, you will be protected from time off work that is caused by illnesses or injuries that happen while you are not at work. Income protection allows you to insure up to 75% of your gross income, which means that you can support your family and make sure that you can live a good quality of life as you did before your accident.

Short-term absences from work are normally covered by sick leave. However, if you find yourself in an accident at the mines that is going to mean that you cannot work for a few months or even that you can never go back, income protection for miners is the ideal way to cover yourself.

With income protection, you can receive up to 75 percent of your income when you are injured and off work. The amount that you receive as a monthly benefit will depend on various factors, such as the premiums you choose to pay. In addition, you will be asked about your occupation, whether you are an underground miner or a surface miner. This can include more detailed questions about mine features, your job duties and if you handle explosives. In addition to this, the premiums you pay are generally largely tax deductible, meaning the effective cost of these policies may be less than it seems.

When you are a miner and have income protection, you will start to receive your monthly payment after the waiting period has finished. You will have the ability to choose the waiting period that you want, with the most common being 30 days. You will then receive your income protection insurance until the benefit period ends, which is chosen by you, or it will end when you return to work. While you can choose the benefit period of your policy, the maximum length available to you will depend on whether you are an underground or open-cut miner.

Understanding your options is not as simple as it might sound and the guidance of a specialised financial adviser can be invaluable. Speak to an expert today to better understand the policies available to you.

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Cherie Haig

It has been my pleasure to deal with Brent and his team over the years I have been their client. All queries have been explained promptly, intricacies of policies and decisions I contemplated explained, and the level of service Brent has provided exceeds 5 stars.

Jen W

Brent from Curo Financial Services has exceeded our expectations and has been a pleasure to deal with. Brent is professional, trustworthy and provides excellent service that goes above and beyond. Brent is compassionate, kind, and caring. Brent has always had our best interest at heart and really takes the time to ensure you feel supported. Brent has made the process of dealing with insurance easy and has made it a positive experience. Brent is a pleasure to work with.

Justin Fitzgerald

We dealt with Brent and he was an absolute pleasure to work with. He supported us in a very caring compassionate way at a time where we were very stressed.
Brent went above and beyond and his customer service was impeccable.
Thankyou for making a difficult time seem not so difficult.

Vicki Taylor

Thank you Curo Financial Services for providing me with friendly, professional services, I am very grateful especially to Behram Ali. Would highly recommend their professional services.

Mark Crimmins

It is my absolute pleasure being able to write this glowing review about Brent and his team.
Brent and I have known each other for many years with Brent advising me where needed on my income protection policy. Throughout that time Brent has been very thorough in keeping me updated with any changes within the industry and how that may affect my extremely important policy.
Life takes some interesting twists and turns and it just so happens that I unfortunately needed to call on the benefits on my amazing policy.
Brent was right there when you needed him the most, guiding me through the entire process and following through with everything he had advised me on in the past.
I can’t thank Brent enough for being by my side offering genuine Compassion and knowledge when needed.
Thanks for everything Brent. You are a true credit to yourself, the company and your family.
Warmest regards
Mark

Herman Bothma

Curo Financial Service have given me out standing customers service over the years. Brent have great knowledge to what product would be the best suited for my level of cover and great advice over the years.

From the day I took out my life insurance cover and Income protection Brent was there to answer any questions I had and
when I was diagnosed with pancreatic cancer years later Brent made the Claim process easy with good communication clarity with what’s information is needed a piece of mind in a uncertain time for me but not only where he professional through out the process he showed support empathy, kindness and a level of care that’s hard to find these days.

I would Recommend Brent and Curo financial Services without any hesitation. I am sure they would look after you too!

Paul Michael Jamieson

We have been dealing with Brent from Curo Financial Services for a while now and have found them extremely helpful and always acted in our best intrest
So I would have no hesitation to recommend them to anyone
Paul

Jocelyn Jamieson

Have dealt with this firm for many years and always received fantastic service. Would highly recommend. Nothing is too much trouble for Brent. He goes out of his way to assist.

Ari Mitchell

I recently had the pleasure of working with Brent from Curo, and I cannot express enough how exceptional my experience was. From the moment I reached out for assistance, Brent demonstrated an unparalleled level of subject matter expertise and a dedication to providing outstanding customer service.

Brent's knowledge and proficiency in their field were immediately apparent. They patiently listened to my concerns and questions, providing thorough and clear explanations that made even the most complex concepts easy to understand. What truly set Brent apart was their willingness to go above and beyond to ensure I had all the information I needed. Their expertise was not just impressive but invaluable.

Additionally, the customer service I received from Brent was nothing short of outstanding. They were not only professional and efficient but also genuinely friendly and approachable. Brent took the time to address all my queries, no matter how big or small, and made me feel valued as a customer. Their patience and willingness to assist left a lasting impression on me.

I am truly grateful to have had the opportunity to work with Brent at Curo. Their expertise and dedication to providing exceptional customer service are a testament to their commitment to excellence. I would highly recommend Brent to anyone seeking top-notch assistance and support. Thank you, Brent, for your outstanding service – you have definitely earned a loyal customer in me!

Vivien Reed

I found service received from Curo Financial Services professional and stress free.Communication was easy with regular updates. A positive outcome was achieved to an insurance claim. Highly recommended.

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