Guarantor Protection for a Dairy Farmer
Life / TPD / Trauma Insurance
With the rapid rise in demand for Australian dairy products in China, some farmers have leveraged their operations to take advantage of the opportunity.
Steadfast Life assisted a 65-year-old farmer implement a Life/TPD/Trauma Insurance Policy to cover debt exposure to the bank. In the event of the unexpected, the loans would be extinguished and the guarantees released. The placement of the cover was also challenging due to the client’s Type 2 diabetes.
Steadfast Life used its scale and underwriter relationships to ensure competitive premiums and premium loadings due to his medical condition were waived.