Life Insurance

Building your assets is like, planting tree and nourishing it for years and years. You need to make sure it’s fruits are there for you are your loved ones, when you need it most.

A key part of growing your wealth is protecting you and your family along the way with personal insurance advice. As part of your asset protection and investment strategy it is important to consider how you manage financially if the unexpected occurred. Failing to have adequate insurance in place to protect you, your family and your assets can have devastating consequences. Without insurance you may have to use your savings or other assets to make sure you can cover your expenses, and face significant financial hardship in the event of ongoing illness/injury. 

Superannuation funds may provide you with automatic acceptance cover for Death and Disablement, however this cover is often not enough or comprehensive. Most people require a full risk protection review to ensure adequate levels of insurance. It is important to remember that personal insurance is not only for the main bread winner in the family, but think of what would happen if anything happen to the main child carer in the family? Financial advice can go a long way to ensuring you secure your financial future for yourself, and your children.

Let’s protect what you have build for your family. In adverse situations. they are better off with that money than not.

Let me understand your insurance needs so I can better help you in your wealth creation journey.

Income protection insurance replaces the income lost through your inability to work due to injury or sickness. Income protection usually offers cover for up to 75% of your gross wages for a maximum time period of 2, 5, to the age of 60, 65 or 70. Typically, insurance through superannuation tend to be on lower end of spectrum i.e. for 2/5 yrs which usually is not enough if you have long way to go before you hit retirement age.

Total and permanent disability (TPD) insurance provides cover if you are totally and permanently disabled. It helps cover the costs of rehabilitation, debt repayments and the future cost of living.

Your insurer will define TPD as either when you:

can’t work again in any occupation. 

can’t work in your usual occupation. This cannot be owned through super.

Each insurer has different definitions of what is and isn’t considered to be totally and permanently disabled. Being off work for a year is not ‘permanently disabled’. 

Be cautious of advertisements offering disability cover with no medical checks. In general, this type of cover can be very limiting and hence cheap.

Life cover pays a set amount of money when you die. The money will go to the people you nominate as beneficiaries on your policy. If you have not named someone on your policy then a Trustee or your estate will decide who gets how much.

Typically, people tend to insure for amount of debt and any specific life style requirements of insured person’s partner and/or children.

You can concentrate more time on the most successful aspects of your company.

You can concentrate more time on the most successful aspects of your company.

You can concentrate more time on the most successful aspects of your company.

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Amit has developed himself to be an end to end resource. Over last 13 years, he has gather knowledge and experience in diverse industries.

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Amit has developed himself to be an end to end resource. Over last 13 years, he has gather knowledge and experience in diverse industries.