- Financial Planning
We offer various types of insurance cover that can help your family to meet ongoing living expenses if you were to suffer a total or permanent disability, critical illness or lose your life.
Did you know?
6 out of 10 Australians with dependent children do not have sufficient life insurance to care for their families for more than 1 year if they were to die.Source: Fast Facts – A Nation Overexposed – Investment & Financial Services Association 2005
Whether you’re protecting your family or lifestyle for the first time or updating your insurance needs, we have a range of solutions to take care of you and your loved ones for the long term.
Life Cover pays a lump sum payment if you die and could be used to clear debts and provide for your family;
Accidental Death insurance pays a lump sum if you die due to an accident and once again could be used to clear debts and provide for your family.
Total and Permanent Disability (TPD) insurance can provide a lump sum payment if you suffer a total and permanent disability and are unable to work again and could be used to clear debts, provide for your family and cover medical and rehabilitation expenses.
Critical Illness insurance pays a lump sum if you suffer from or contract a critical condition specified in the policy (eg cancer, heart attack or a stroke) and could be used to cover medical and rehabilitation expenses.
Many of us have some insurance inside our superannuation fund but it is often just a bare minimum of cover.
It would be worthwhile checking just how much cover your superannuation fund does cover you for.
The minimum amount might not always be enough to provide for your family should you die or become permanently incapacitated.
Income Protection insurance offers a monthly benefit of up to 75% of your income and can provide comfort if you’re unable to work due to illness or injury.
It helps to replace your earnings if you are totally or partially disabled as a result of sickness or injury and cannot work.
A benefit can enable you to continue to pay your everyday living expenses such as rent or mortgage repayments and other expenses.
Did you know?
Based on current average levels of insurance, the typical Australian’s weekly family income will be cut to about $600 if the main income earner becomes temporarily ill or injured and cannot work.Source: Lifewise/National Centre for Social and Economic Modelling, Underinsurance Report 2010
When choosing the amount of insurance you might need, you should think about how much of your income you actually need for your day to day living. You should also consider how long you can continue to cover these expenses without an income.Make an appointment today