Personal Insurance Advice

It's hard to think about, but if you were in a serious accident and couldn't work, how would you and your family cope financially? Would you be able to pay medical costs, while also keeping up with mortgage repayments and household bills?

Or worse still, what would happen if you were to suddenly pass away? Protecting your wealth is as important as growing it, so insurance should always be considered an important part of any wealth plan.

 We provide advice and ongoing support and management of comprehensive insurance strategies to our clients.

We specialise in the following areas:

Life Cover

Life cover becomes a necessity if you have dependents who rely on you financially or if you have debts which need to be paid out in the event of your death.

It provides peace of mind by paying a specified amount to your beneficiaries, ensuring that they are looked after in the event of your death. A lump sum or equivalent installments can be paid to the policy owner, nominated beneficiaries or to your estate.

You can add Total and Permanent Disability (TDP) cover to your life over policy in case you are unable to work due to a permanent disability. You may also add trauma cover which pays a benefit if you are diagnosed with one of a number of conditions such as cancer, heart attack or stroke.

Total and Permanent Disablement Insurance

If you were unable to work, how would you maintain your family's lifestyle? How would you pay for the ongoing medical expenses associated with serious illnesses and injuries? Most Australians simply don't have enough savings to protect their lifestyle if they suffered a permanent disability.

TPD insurance can provide you with a lump sum of money to help eliminate debt, pay for treatment and maintain your lifestyle while you focus on adjusting to what may be a very different lifestyle. It's especially relevant for people with dependants - especially if only one spouse earns an income - and for people with mortgages and other significant debts which they couldn;t pay with savings alone.

Trauma Insurance

Trauma insurance provides a lump sum benefit or equivalent instalments if you're diagnosed with a specific illness or injury covered by the policy (such as cancer, stroke, blindness, severe burns, loss of speech or deafness). The benefit amount, chosen by you, can be used to reduce debts, pay for medical expenses and maintain your lifestyle while you recover.

It gives you the opportunity to clear any debts you may have and pay for any medical costs incurred to keep you living. It may not save you medically, but it may save you financially. It allows you to concentrate on your survival and wellness without the financial burden. It provides funds to help you make choices, whether that's financially or medically.

Income Protection

Income protection insurance aims to protect your income in the event that you can't work due to illness or injury.

Income Protection insurance provides an income stream should you become unable to work due to an injury or illness. In the event of a claim, the insurer will pay an amount (normally up to 75% of your gross salary) until you have recovered sufficiently to work again, or up until the maximum benefit period as stated in the policy which is normally 2 year, 5 year or up to age 65.

Key Person Cover

Losing a key person can have an adverse effect on the profitability or capital value of the business. Protecting the business with Key Person insurance replaces the lost profit or capital value, stabilising the business until a suitable replacement is found and operating proficiently.

Most businesses insure their machinery, cars and buildings, but on their own, these assets cannot produce profit. It is the human asset, which through initiative, skill, expertise, knowledge and ingenuity can turn capital and assets into profit.

A key person can broadly be defined as someone whose continued association with a business provides that business with economic gain. Economic gain does not just mean profits. Economic gain can also include cost savings, capital injection, goodwill, access to credit or access to customers.

Child Cover

What if your child became ill and you couldn't afford to take time off work to be with them or even worse couldn't afford the medical expenses associated with their recovery?

Child insurance comes in the form of trauma cover, or critical illness cover as it is also called. You are able to add child insurance to your policy, depending on the company. It is an added to cost to insure your child in the event that they suffer a listed illness which is included in the companies cover.

With over 30 years experience in the industry we have seen first hand the benefits of wealth protection.
Insurance is about managing risks. Contact us, if you want to protect what's important to you.