What will happen to your family’s financial security
- If you can no longer work or
- Receive and income,
- Become sick or terminally ill
- Or pass away unexpectedly?
Research shows that Australians are overwhelmingly optimistic about their financial future. This optimism is a key driver behind Australia being the most underinsured of any developed country.
As life is full of unpredictable moments, having personal risk insurance can provide financial protection for you, your family or business in the event of someone suffering from serious illness, injury or death.
A variety of insurance options are available today to assist you and your loved ones stay afloat when life goes awry. Our Financial Planners are insurance specialists who can tailor personalised insurance strategies, unique to your personal situation that will protect you, your family and your business.
Our risk management strategies include:
- Business Insurance incorporating:-
What is personal risk insurance?
Term Life insurance will pay a lump sum upon death. Death benefits typically can be used to eliminate debt, fund children’s ongoing education expenses or provide capital to ensure future financial support for your family.
A TPD benefit will provide a lump sum if you suffer an illness or injury that leaves you totally and permanently disabled. TPD insurance benefits are often used to eliminate debt, pay for medical expenses or fund any permanent lifestyle changes resulting from disablement.
Trauma insurance pays a lump sum payment in the event that you are diagnosed with a specified illness including (but not limited to) things like cancer, heart attack, stroke etc. Trauma insurance is designed to provide funds for ongoing medical costs or home support when you need it most.
Income Protection insurance is designed to usually pay up to 75% of your pre tax income as an income stream should you be unable to work due to illness or accident. Your family will have peace of mind knowing that there are funds available to assist with the day to day living expenses whilst being unable to receive employment income.
What is Business risk insurance?
Key man insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are people who are crucial to a business, the key people whose absence would jeopardise the ongoing profitability of the company.
The exit from a business is a complex process and needs to be driven long before the point of sale.
Succession planning involves having financial and personal affairs in order. We seek to understand your business and family needs and work with legal advisors to ensure the correct use of Wills, Testamentary Trusts and asset structuring.
Considered succession planning minimise’s family/business conflict and ensures the beneficiaries’ interest are appropriate and remain protected.