You’ve insured your car, your home and contents, and likely have at least ambulance cover, if not full private health insurance – but have you insured your ability to generate employment income?
The ability to generate employment income over the course of a working life is a key factor in allowing Australians to meet their financial goals, yet protecting this asset is often overlooked.
In addition to protecting your regular income, insurance for lump sum costs associated with medical expenses and a range of other factors need to be considered so that unforeseen events don’t derail your financial progress.
We provide you with education around the role that personal wealth protection insurance plays in your overall financial picture, where other payments such as sick leave, WorkSafe and TAC benefits fit in, and discuss the different options available for structuring policies (some examples include making decisions around holding the policies inside or outside of superannuation, comparing stepped v level premiums and the difference between agreed and indemnity policies).
We then work together to build a suite of policies that are tailored to your individual needs and circumstances. This tailored suite of policies can include any of the four main types of personal wealth protection insurance:
- Life Insurance
- Total & Permanent Disability Insurance
- Income Protection Insurance
- Trauma Insurance