Our Personal Insurance Services

If something happened to you, who would pay your bills and look after your family?

A comprehensive financial strategy must include preparing for things you hope will never happen. You need to know that your family, your assets and your income stream are protected if the unexpected happens. Insurance is key to this protection.

When developing your financial plan, we will consider your circumstances and recommend insurance products that best suit your needs. The types of insurance covers we provide advice on are:

Income protection

Income protection insurance pays monthly income if you can’t work due to illness or accident. The amount of cover for income protection insurance is generally 70% of your average monthly income, and up to 100% of your employer contributions into super. Premiums are determined by a number of factors such as the amount of cover, your age and occupation, when you will start receiving payments, and which definition of employment the policy applies to. 

Life cover

Life insurance pays a lump sum if you die prematurely. Its purpose is to pay outstanding debts to ensure the remaining dependents are taken care of. People often grossly underestimate the required amount of life cover needed to clear debts and provide for loved ones should an unexpected life event occur. We can help you identify an adequate amount of cover to ensure your loved ones will be protected.

Total & permanent disability (TPD)

Total and Permanent Disablement (TPD) insurance pays a lump-sum if you are unlikely to return to work as result of injury or illness. It can be bundled with a life cover policy or be a standalone policy. Its benefits are typically calculated to repay debt, cover expected medical costs, loss of ongoing income, and potential home alterations.

Trauma

Trauma insurance pays a lump sum benefit on diagnosis of a critical illness, as well as satisfying a definition of a specific ailment. Policies vary between providers, but some allow for up to 30 or more medical conditions which may arise unexpectedly. It's main purpose is to provide a benefit when you may not be deemed disabled. The most common trauma events are related to certain types of cancer and heart conditions.

Business expense cover

Business expense cover is designed to cover fixed expenditure for a limited time for people who are self-employed or own a small business. Cover is generally offered for up to one year while the insured is unable to work due to illness or injury.

Key person insurance

Key person insurance is designed for a person in business whose death, disablement or early retirement due to illness or medical condition would have an adverse economic impact on the business. Its purpose is to provide a lump sum of money to offset the estimated amount the business would lose should that person not be able to carry out their regular role as key person. It can also allow time to find a suitable replacement or ease the negative financial impact if the key person dies or cannot return to work.


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