Income ProtectionPermanent DisabilityCritical Illness / TraumaLife Insurance

Income Protection

Income Protection or Salary Continuance works by paying you a monthly income while you are too sick or injured to go to work.Most Income Protection plans may pay a monthly benefit of up to 75% of your regular salary plus your guaranteed superannuation contributions up to age 65.

This type of insurance is designed to help you continue paying the mortgage, children’s school fees, phone and utility bills, run your car, buy food and clothes – basically all of your day-to-day living expenses.

How much will I need?

You would normally want the maximum 75% income plus Super (SGC) cover, unless you can offset your income need with some regular passive income, you have in place.

Who can own the policy?

Normally, the insured person is the owner of the policy. Similar policies may be owned by superannuation funds, which, however, may cause some complications or reduced benefit payments on claims. The premium may be 100% tax deductible for the owner.

Who will receive the money?

The insured will receive the benefit, directly or via superannuation.

We can help you

  • Identify and calculate the level of cover your need
  • Recommend the most beneficial structure and ownership of the policy
  • Provide you with quotes from leading insurance companies in Australia
  • Assist with the application and implementation of the policy
  • Be available with ongoing advice and review of the policy
  • Assist with any claims on the policy

Permanent Disability

Total and Permanent disability (TPD) cover provides you with the comfort of knowing you will receive a lump sum payment to help you financially if you were to become disabled and you are unable to work again.

How much will I need?

You may want to ensure that, if you become total and permanently disabled, your mortgage and other debts are paid off, your kids’ education can be financed; and that you, your dependants, your partner and your children are provided with the income needed for a set period of time to cover the needs and lifestyle.

If you count the number of years to your retirement and multiply this by how much you earn, this is the amount of money you would no longer provide for yourself and your family if you were unable to work anymore.

In addition to this, a permanently disabled may require special equipment, moderations to the home and part- or full-time care.

Money is the last thing you would want to think about when faced with a lifelong disability.

Some of the income needs, however, may be offset by an income protection policy.

Who can own the policy?

Different entities and structures can own a TPD insurance. This will depend on the purpose of the insurance, the cover and possible tax considerations, both with regard to the premiums as well as to the benefit payment.

Who will receive the money?

The policy owner or the insured person will receive the payment, either directly or via a structure.

We can help you:

  • Identify and calculate the level of cover your need
  • Recommend the most beneficial structure and ownership of the policy
  • Advise on the most tax effective structure for payment of benefits
  • Provide you with quotes from leading insurance companies in Australia
  • Assist with the application and implementation of the policy
  • Be available with ongoing advice and review of the policy
  • Assist with any claims under the policy

Critical Illness / Trauma

Critical Illnesss or Trauma cover pays an agreed lump sum if you suffer a serious illness or injury orundergo a medical procedure that is specified and covered in the plan you take out.

The long list of covered conditions and medical procedures include the most common trauma conditions like cancer, stroke, heart attack and coronary artery surgery.

The lump sum payment can relieve your financial worries and can help you make the adjustments to your lifestyle, that you may want or need to make, after suffering a trauma event

How much will I need?

You may want to ensure that, if you suffer a Trauma event, you can meet the medical and rehabilitation expenses not covered by other policies; and if it affects your income, you can continue to meet your income requirements and obligations to mortgage and other regular payments.

Who can own the policy?

Different entities and structures can own trauma insurance. This will depend on the purpose of the insurance, the cover and possible tax considerations, both with regard to the premiums as well as to the benefit payment.

Who will receive the money?

The owner or the insured will receive the benefit as per your instructions.

Children’s trauma

Children’s trauma can be available as an additional cover under an adult’s policy. It is designed for parents and carers to help alleviate the financial burden if their child were to become seriously ill or injured.

It may help to meet the costs of specialist care and rehabilitation; as well as possibly allow you to take the time off from work so you can be by the side of the children until they’re back on their feet.

Children between the ages of 1 – 16 may be covered at the cost of only a few dollars per week. The policy pays a lump sum upon diagnosis of a range of conditions, including cancer, severe burns, loss of hearing, sight or limbs and certain blood disorders.

We can help you:

  • Identify and calculate the level of cover your need
  • Recommend the most beneficial structure and ownership of the policy
  • Advise on the most tax effective structure for payment of benefits
  • Provide you with quotes from leading insurance companies in Australia
  • Assist with the application and implementation of the policy
  • Be available with ongoing advice and review of the policy
  • Assist with any claims under the policy

Life Insurance

Life insurance cover provides you with the comfort of knowing your family or your estate will receive a lump sum payment to help them financially if you were to die or become terminal ill with less than 12 months to live.

How much will I need?

You may want to ensure that, if you die, your mortgage and other debts are paid off, your kids’ education can be financed; and your dependants, your partner and your children are provided with the income they need for a set period of time to cover their needs and lifestyle.

Who can own the policy?

Different entities and structures can own a life insurance. This will depend on the purpose of the insurance, the cover and possible tax considerations, both with regard to the premiums as well as to the benefit payment.

Who will receive the money?

You may nominate one or more beneficiaries to receive a benefit payment directly, or you may nominate your estate and distribute the benefit according to your will.

We can help you:

  • Identify and calculate the level of cover your need
  • Recommend the most beneficial structure and ownership of the policy
  • Advise on the most tax effective structure for payment of benefits
  • Provide you with quotes from leading insurance companies in Australia
  • Assist with the application and implementation of the policy
  • Be available with ongoing advice and review of the policy
  • Assist with any claims under the policy

 

We will help You understand:

 

  • Wealth creation
  • Tax effective investment strategies
  • Money management
  • Superannuation
  • Self Managed Super Funds (SMSFs)
  • Financial protection
  • Retirement planning
  • Aged Care

To find out more:

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Let`s start planning your financial future today

1

Talk

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2

Act

We work together to implement the plan. Then I keep you updated on where you stand and adapt the plan as life happens.

3

Relax

We’re here for you whenever you need. Call us at any time, for any reason. Buying a property? Ask for advice. Been offered a new job? Made redundant? Give us a call. Early retirement? Loved one in need of Aged Care? We`ll help you figure out how to structure the finances and pay for expenses!

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