Wealth protection - personal insurances
Risk management is a key aspect of a sound plan. Insurance simply transfers the risk away from you to an insurance company. Most people understand this in relation to their material assets. Home, contents, cars are insured. But how much are you worth? What is the value of your income over the next 10, 20 or 30 years? What is your current level of debt?
Underinsurance could put everything that you have worked towards in jeopardy if something unexpected happened. And unexpected things do happen. Elimination or reduction of risk exposure is vital and we work with all major life companies to ensure that the most appropriate policies are recommended at the most competitive cost.
Insurance should replace the financial value of the person in the event of illness, accident or death. The main areas to cover are:
- Income protection -Replaces your income up to age 65 if you are unable to work due to illness or injury.
- Term life - Pays a lump sum on death to pay debt, replace income, family expenses.
- TPD - Pays a lump sum if totally disabled
- Trauma - A lump sum if diagnosed with a defined illness (cancer, stroke, heart disease etc)
- Business expenses -pays for specified business expenses if you are self employed. This may be for leases, office rent, and staff.
- General insurance - we work with a specialty general broker for all your general insurance needs.
- Business insurance - key man, buy/sell. If your business has more than one owner then this is crucial.
We are happy to review your existing policies to check if they are the most appropriate. If they haven't been reviewed in the last two years you may be paying too much.
Let's talk and check if you have the right cover - at the right price. Email your details and we can check if there is a potential to save on premiums.