Personal Insurances

You cannot control the inevitable risks of life however, you can control how you prepare for them. The shock of death, accident or serious illness can be devastating for you, your family or your business. Often, the repercussions are also severe – working out how to provide for your family, paying for long term care or treatment and keeping your business afloat.

Personal insurances can help you soften the financial blow dealt by these difficulties, giving you flexibility in deciding what risks you want to cover and how much cover to take out for each.

Protect your family, your wealth and your earning ability by insuring yourself against death or diagnosis of a serious illness or injury to provide regular income to your family should you be unable to work.

Some of the different types of personal risk protection insurances are:

Income Protection Insurance

Income protection insurance ensures that you receive a monthly income if you are unable to work because of illness or an injury. Such insurances are tax deductible and can protect up to 75% of your income.

Life Insurance

Life insurance is an ideal form of protection for your family’s quality of life in the event of your death as it pays a specified amount to your nominated beneficiaries. Depending on your circumstances and your marginal tax brackets, it can be beneficial to hold such a policy within a superannuation policy as there are taxation advantages that you may be able to benefit from. Superannuation can also be a useful tool in your asset protection and estate planning.

Total and Permanent Disability (TPD) Insurance

Total and permanent disability insurance can provide you with a lump sum of money should a disability resulting from injury or sickness prevent you from being able to work again.

Critical Illness Insurance

Critical illness insurance can pay an agreed lump sum on the diagnosis of a specified serious illness such as cancer, multiple sclerosis, Parkinson’s disease, heart attack, loss of sight and many other conditions. This can assist with medical expenses not covered by Medicare or private health insurance or simply pay off some debt as part of an overall strategy to assist you in achieving a financially secure future.

Business Expense Insurance

In business for yourself? How would your business be affected financially if you were off work for an extended period? Business expenses insurance covers certain business expenses incurred while a self-employed person is unable to work due to injury or illness. … consider how your business would be affected financially if you were off work for an extended period

Key Man Insurance

Key man or key personnel insurance, can financially assist many businesses and their owners from the unfortunate event of key personnel dying or becoming seriously ill and unable to work. When coupled with appropriate documents such as partnership agreements, shareholders agreements, unitholders agreements and other business succession documents (as appropriate to your business structure), key man insurance can provide worry free financial assistance to enable the remaining stakeholders in the business to purchase (using the insurance proceeds as funding) the interests of the deceased or seriously ill owner. This benefits all involved, the business, the remaining owners and the ill owner or their family. Such insurances are tax deductible and are a ‘must have’ for those businesses that rely on key personnel for their success.

Premium Waiver Insurance

Premium waiver ensures your premiums are paid if you are disabled or retrenched from your job.

We only recommend personal insurances from reputable insurers that do their underwriting process up front to seek to ensure that in the event of a claim, you will be covered.

As with all insurances, some policies are better than others and some great policies may not suit your particular needs or circumstances (which is why online applications – although easy – are rarely suitable).

In addition to personal insurances, we offer a free referral service to general insurance brokers to assist you to insure your home, investment property, cars, boat and any other item of value.

For more information on personal insurances and the types of cover that are suitable for your needs, those of your family or your business, please contact us on (02) 9542 2904 or by email at to arrange an initial consultation.

Why use a
financial planner?

  • making a lifestyle change
  • reducing your debts and taxes
  • Improving your household budget
  • preparing for a comfortable retirement
  • saving or investing for something special
  • protecting your wealth and those that are important to you
  • buying or renovating a home, paying it off sooner or investing in property
  • making the most of your retirement income and any government payments.