Wealth Protection
Are you using insurance to protect your wealth creation?
Strategic Advice involves more than finding ways to accumulate assets. It also involves protecting those assets once you have them. That's where insurance comes in. None of us can predict the future, so it's crucial to protect your family from the risk of catastrophic loss with comprehensive and carefully chosen personal insurance.
To ensure you have adequate insurance cover, consider the following questions:
- Do you have someone financially dependent on you?
- Do you have debt?
- Does your investment strategy rely on your income?
- If your income stops due to ill-health, could you meet your financial commitments?
- Do you have insurance inside your superannuation? If so, is this adequate?
- If you were unable to work due to sickness or injury how long would you be able to cope without an income?
What type of wealth protection is available?
| Type of Protection | Description | When should you consider |
| Term Life | Pays a lump sum upon death or terminal illness. | If you have financial dependents or do not wish to burden others with any debt left behind. |
| Total & Permanent Disability (TPD) | Provides a lump sum if you are unable to work in your own or similar occupation again, due to illness or injury. | If you have ongoing financial commitments that could not be met if you were unable to ever return to work |
| Income Protection | Designed to replace your income if you are unable to work due to sickness or injury. | If you have dependents, if you are the primary income earner in the family, or if you could not afford to be without income for an extended period. |
| Trauma Cover | Provides a lump sum in the event of an injury or sickness as defined in the policy (eg cancer, heart attack, stroke). | If you have insufficient capital to pay for medical attention, have financial dependents or do not wish to financially burden others if you suffer a serious illness. |
We can provide advice on the right insurance for you. Remember it's important to get the right features at the right price. Talk to us today about your insurance needs.
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