Risk Management

Your biggest asset is YOU, and your ability to generate an income.

There are a number of key insurance areas where we can provide assistance. The information below, details types of cover and what you should look for when exploring the options available to you.

Term Life Insurance

Term Life pays a lump sum upon the death of the life insured, this provides protection to your loved ones. In the event of the persons death the lump sum will assist in paying off any outstanding debts such as a mortgage. There should usually be excess over debts to assist your family especially if you have children.

Total and Permanent Disablement Insurance (TPD)

An option with Term Life is to take an extension of Total and Permanent Disablement Insurance (TPD). TPD insurance provides a lump sum payment in the event of the life insured becoming totally and permanently disabled.

Trauma Insurance

Trauma policies pay a lump sum in the event of an injury or sickness as defined in the policy, for example cancer, heart attack, stroke. This can be taken as a stand alone policy, or attached to a life insurance policy.

Income Protection

This is the most crucial and flexible insurance.  It is designed to replace your income if you are unable to work due to sickness or injury. Your most valuable asset is the ability to produce an income and this must be protected.

There are basic policies, which might be limiting in the time of a claim, and then there are extended, or plus policies which are preferred.

Income Protection is an extremely flexible policy, you choose the waiting period (how long you must be unable to work before the insurance begins to pay you-the variables are 14, 30, 60 and 90 days, 6, 12 and 24 months). Therefore it can be tailored to cover you once any accumulated sick and long service leave are used. The benefit period is how long the policy will pay you if you are unable to work, again this can be tailored: 2 and 5 year benefit, or to a specific age, 55, 60 or 65.

Consider that you save 10% of your income a year - then a year without generating an income adds up to 10 years of savings

We use the latest computer technology to source the whole Australian personal insurance market to find you the best policy at the best price.  This involves grading all products by features versus cost.  We score the options out of 100 to determine which suits you best.

Other Areas of Interest

   Risk Profile Analysis

   Investment and Research

   Superannuation Advice

   Retirement Advice