Insurance Advice & Risk Management
They say life and income protection insurance is like a parachute; if you don’t have it the first time you need it, you won’t need it again.
Alright, that might be a bit morbid, but it’s true. People insure their cars, their contents and their pets. But a lot of people forget to insure the biggest income-producing asset they have, themselves. The very nature of life means none of us truly knows what’s around the corner. So, if you have dependents, or your income revenue/s would cease if you fell ill, then it makes sense to consider life insurance and income protection.
What is the best income protection insurance for you?
There is no cookie cut-out single best income protection insurance in Australia. Instead, it comes down to intimately understanding the market and all the fine print and nuances. For instance, total and permanent disability insurance (also known as TPD) might be relevant for you, whereas trauma insurance could be less pertinent. It’s not up to you to be an expert in the market - that’s our job. Rest assured - we are committed to providing counsel that suits your situation and needs.
How do we go about providing that specialist counsel? Our insurance advice process involves understanding your personal and professional situation, the assets you need to protect and the level of risk you are comfortable accepting. From this, we can then advise on the most suitable policy for you.
The right level of cover to protect you and your family
A good risk management strategy progresses your financial plan independent of you income. In other words, if your paycheque stops coming in, your financial plan can still advance.
The reality is, most people can’t save the amount of money required to do that. So, we need to determine how much of that risk we would like to pass on to an insurer, that’s where we come in.
Our team can develop an insurance strategy that is personalised, flexible and affordable so that you can move forward with the peace of mind that you and your family are financially protected.
Our risk protection services
Life insurance is designed to protect your family should the worst happen. In the event of your death or a terminal illness a lump-sum insurance benefit may be used, for example, to fund required medical expenses.
Income protection insurance provides an income safety net via periodic insurance receipts should you become incapacitated and hence unable to work due to illness or accident.
TPD (total and permanent disablement) insurance provides a lump-sum benefit should you suffer an illness or accident that leaves you totally and permanently disabled and unable to work.
Trauma insurance provides a lump-sum on diagnosis of a specified medical condition. The included medical conditions differ by insurance company. However typically they include heart attack, cancer and stroke.
How we provide the best life insurance financial advice
Complimentary needs analysis
Strong industry relationships
Impartial risk advice
Highly qualified and experienced advice team
Alignment with your planning strategy