Great If:

You've used debt to start or grow a business.

You have equity in a business you own with others.

You own a small to medium business or are self-employed.

Key Features

Protect personal and business assets

Offset a reduction in business revenue

Fund an orderly transfer of business ownership

Meet a range of other objectives

Apply for Business Protection It’s just that simple! Make an Enquiry

I want to

  • Start a business

    Being your own boss is extremely appealing, but without the right support, finance and advice, it can be hard to get your business off the launchpad.

  • Understand business finance

    Sure, you’ve got the idea and the work-ethic, but have you got the business finance knowledge to make your new business a stayer? Give yourself the best chance and plan ahead.

How to get the right cover

Greater Bank has an established alliances with partners to provide industry leading financial planning advice to our customers.

A financial planner will discuss your business needs and circumstances to determine the cover best suited to you.

All you have to do is book your initial, obligation free appointment. You can do this in the following ways.

You might also be interested in:

Business Loans

We've been helping our customers achieve their business goals for generations-come see how we can help you with yours.

Succession Planning

Getthe foresight and insight required to offer you the protection your business needs.

Business Investment Accounts

Put your money to work as hard as you do with a Business Investment Account from Greater Bank.

How Premiums Work

Level Premium

Your premiums remain the same and your premium will be based on your age at the starting date of your insurance. When you renew, your premium will only vary if a change has been made to premium rates.

Stepped Premium

Your benefits remain the same and your premium will increase annually, depending on your age.

Tax Advantages

There are various tax advantages in holding insurance, depending on The entity that owns the policy, the purpose for which the policy is held, and the type of policy.

Meet with a Financial Planner
The Right Protection for you

 

Strategy Suitable for Key Benefits
Protect your physical assets People who have used debt to start or grow a business

*Provide funds to repay debts or replace assets

*Protect personal or business assets used as loan security

Protect your business revenue Businesses that depend on a key person for revenue

*Provide funds to offset a reduction in business revenue

*Cover the costs associated with finding and training a suitable replacement

Protect your business ownership People with equity in a business they own with others

*Help ensure orderly business succession if you or the co-owners of the business are disabled or die

*Provide funds to compensate you or your beneficiaries, for the transfer of your equity in the business to the remaining owners in the event of disability or death

Protect your personal income People who are self-employed or run their business through a company or trust

*Receive an income if you are unable to work due to illness or injury

*Ensure that business resources do not have to be used to fund your income

Meet your business expenses Small business owners

*Keep up to date with your fixed business expenses

*Maintain your business as a viable entity during a period of illness or injury

Treat beneficiaries equitably Family business owners

*Provide additional funds to equalise your estate

*Ensure all your beneficiaries receive sufficient assets to achieve your estate planning objectives

Purchase life and total and permanent disablement (TPD insurance) tax effectively People who are self-employed or are eligible to make salary-sacrifice contributions

*Reduce the cost of insurance premiums

*Enable certain beneficiaries to receive the death or TPD benefit as a tax-effective income stream

Reduce the long-term cost of your insurance People who are considering insurance

*Pay a lower than average premium

*Make your cover more affordable when older

 

Why Greater Bank?

We don’t have shareholders – we have customers. And our customers are our number one priority – so much so that we design all our products and services with the objective of making banking simple. Everything you need and nothing you don’t.
This guide is a summary only and limits and exclusions may apply. Allianz Australia Insurance Limited (Allianz) AFS Licence No: 234708, ABN 15 000 122 850 is the issuer of these general insurance products. In arranging these insurances Greater Bank Ltd ABN 88 087 651 956 acts as an agent for Allianz not you. We receive a commission on these insurance products of between 7% and 30% of the premium paid for each policy.
Financial Planning is provided by Bridges. ASX Participant. AFSL No 240837. In referring members to Bridges, Greater Bank does not accept any responsibility for any act or omission or advice provided by Bridges and its authorised representatives.
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