Wealth Protection & Life Insurance

Australian's are quick to insure their cars, homes, and even their health, but we often don't think about what would happen if we couldn't bring in an income any more.

This is where personal insurance comes in, and it doesn't have to be a large out-of-pocket cost either.

What is Personal Insurance?

The purpose of personal insurance is to make sure that you're protecting your most important asset - your ability to look after your family and to earn an income.

Insure what matter's most.

Different types of personal insurance provide a variety of cover options, including if you're in a serious accident, or if you die, to ensure that you and your family will still benefit from your hard work.

Do I need personal insurance?

Most Australians are either under insured or not covered at all, which means they risk losing their home or going into debt to cover expenses if they can no longer work. It's something that you might want to consider, especially where government benefits are unlikely to be enough to meet you liabilities, or you earn a high income.

As a minimum, you'll want to make sure you will be able to cover the important liabilites that you have now, like a mortgage, as well as looking after your loved ones after you're gone.

We can provide you with all the information and expertise you need to make an informed decision to choose the right cover for you, including packaging your personal insurance within your superannuation.

Types of Personal Insurance

The type and level of insurance cover that you choose will depend on your exact situation. Choose from:

  • Income protection - allows you to pay your bills and mortgage if you're out of work for a time.
  • Life Insurance - cover for your debts so you don't leave a burden on your family after you're not around.
  • Total & Permanent Disability - medical costs and on-going income if you're in a serious accident and become disabled.
  • Trauma Cover - lump sum insurance in case of a sudden illness.

Whether it be the most cost effective cover, or the most comprehensive, we have access to a wide range of insurers and products, including options for getting coverage insurance super.

Life insurance explained

The first product most people consider when they're starting a family is life insurance.

Life insurance cover is designed to relieve your family of the burden of debt, if you were to suddenly pass away.

People often don’t realise that a debt (such as a mortgage) doesn’t disappear when you die. Instead, the debt is passed to your surviving family, who then become responsible for paying it - in its entirety.

Getting life insurance could mean that your spouse can pay off the mortgage if you die, leaving them with a secure place to live.

You can also use life insurance to cover for events your children’s education, spouse’s wellbeing, or other expenses you do not wish to pile on your grieving family.

What level of cover do I need?

To learn more about your personal insurance options, protecting your family from hardship, and how you might be able to packaging your insurance inside super, book a consult with a financial adviser today.

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