Wealth Protection

Protect yourself, your family and your future
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Wealth Protection

Need to Know

A well-constructed financial plan has two parts – wealth creation and wealth preservation. Wealth preservation helps you protect your ability to create wealth. Wealth creation is the part of your financial plan that helps you build the assets to meet your financial goals. Your goals may include saving for your children’s education or a future overseas holiday, or having enough money to live comfortably when you retire.

Wealth preservation (risk insurance) helps you protect your ability to create this wealth. Your wealth creation plan will be based on the assumption you will stay healthy and live to a certain age. But there may be unforeseen circumstances which can impact your plans. Risk insurance may help you to continue meeting your financial goals if you lose your ability to work or suffer a serious illness.

Why have

Risk Insurance

t’s not something anyone likes to think about. But life’s uncertain. You might not always have the luxury of the income you currently have. You could fall sick or have an accident. But when that happens, you don’t have to eat into the wealth you’ve worked hard to create.

That’s why a sound financial plan will help you create wealth and preserve it. Your financial adviser can help you structure your financial plan so that if you’re not able to work, you can still maintain your standard of living and keep your investments. Your financial plan is all about helping you keep control of your wealth, so you can make the most of it when you retire. It should also ensure your family is taken care of when you are no longer around to take care of them. Ultimately, your financial plan is about providing you and your family with peace of mind.

Risk insurance shifts the financial burden created by personal risks to insurers who can afford to cover them by pooling the premiums paid by their customers. It provides peace of mind that you and your family are financially secure. Risk insurance may pay an ongoing income or lump sum if you can’t work because you’re temporarily or permanently disabled, or if you die. Different insurance for different needs.

Choose your

Risk Insurance

Life Insurance

Life insurance can provide financial protection for your dependents if you die. The cost depends on the type of cover you choose. You should review your cover regularly to ensure you are not under- or over-insured. The most appropriate policy is one that strikes a balance between how much premium you can afford to pay and favorable policy conditions. Life insurance can be used to repay debts, cover your dependents for the loss of your income and/or secure your business.

Total & Permanent Disability (TPD)

TPD is additional to life insurance cover. It pays a lump sum if you can’t ever work again because of illness or injury. TPD can be used to repay your debts, cover medical expenses, capital gains tax liabilities and cover your dependants for the loss of your income. The precise definition of TPD and the conditions that must be met to receive compensation vary considerably between insurance companies. So it’s important you understand the conditions under which the insurance company will pay a claim before taking out TPD cover.

Trauma/Critical Illness Cover

Trauma insurance pays a lump sum if you suffer a specified traumatic event such as the diagnosis of cancer or coronary disease. The benefit is paid when diagnosis is confirmed, not when you die of the condition. This is important because it means you and your family have a lump sum you can use at your discretion, when you most need it. You could use it to pay for additional medical care, or to pay off the mortgage to relieve the financial pressure on your family.

Income Protection

Income Protection provides a percentage of your income if you are temporarily unable to work due to sickness of injury. There are a number of factors, definitions and features to consider when buying an income protection policy. Income Protection is used to help you meet your ongoing financial commitments in the event that you cannot work and derive an income due to sickness or injury.

Wealth Protection

How Does it Work

Through getting to know you, your situation and your financial aims, we will develop a insurance plan tailored to your needs.

Step 1

We meet to establish an accurate picture of your financial situation and where you are now. Most clients use this opportunity to get advice about other financial areas as well, not just insurance planning.

Step 2

We consolidate this information into an insurance and strategy report, creating a clear and concise summary of your situation.

Step 3

We plan and strategise with you to formulate a solution based on the insurance options best suited to your circumstances.

Wealth Protection

What are the Benefits to Me?

Expert Advice

Tailored Solutions

Lasting Relationships

Investment Flexibility