Protecting what’s important
While many people insure their home, car and possessions, it is even more important to make sure your family and lifestyle are protected from financial misfortune. Without a regular income, it can be a challenge just paying for everyday household expenses like groceries and power bills, while ongoing mortgage repayments or school fees can quickly eat away any savings. Worse still, if you’re self-employed and can’t work because you’re ill or disabled, you could be faced with the added pressure of the business bills rolling in.
The good news is that we can use risk insurance to structure a total wealth protection package for you to protect against loss of income, disablement, serious illness and death.
While car and home insurance are relatively straightforward, personal risk cover can be complex, with many options and levels of cover to choose from. We can help you decide which cover is right for you and what issues you need to consider.
- Which family members should you insure?
- When does it make sense to insure a non-working spouse?
- How should the benefits of any payment be distributed?
- What benefits are available within your superannuation?
- What are the tax implications of taking out insurance?
If you own a business we can also review your business insurance needs. For example, is there ‘key person’ protection in place for the business owners and managers? Will the surviving business partner be the beneficiary of the business if the other partner dies, and how will the transfer be funded?
We can help you assess and answer these complex questions.