Key Considerations

• Life is uncertain and it is a safe bet to expect the unexpected. Do you know of someone in your family, relatives or circle of friends or colleagues that has been  injured in an accident or been diagnosed with a Trauma such as Cancer, Heart Attack or stroke? Have you ever wondered what might be the financial implications of such a tragic event in their lives and in those of their loved ones?
• Even though people often think that it won’t happen to them, the odds are real. According to one study, more than 60% of Australians will be disabled for more than one month during their working life and more than 25% will be disabled for more than 3 months**.
• Another study finds that 1 in 3 Australians will suffer from a major illness such as a heart attack, stroke or cancer between the age of 30 – 64^.
• It pays to be prepared and the basic concept of insurance is that whatever  you can’t afford to lose, must be insured.  However sadly, most people never consciously think about adequately protecting themselves unless something adverse happens in their lives or in that of people around them. Needless to say, often it is too late to do something about it. Therefore, the best time to ensure that there is a sound protection plan in place is when you are in good health and insurable.
• How much cover you need is generally determined by your income, your dependants, your assets, and any debts in your name. And if you run your own business, you need to ensure your business debts and fixed expenses are covered too.
• Most people may have some default insurance cover within their superannuation funds however, this is just a group style cover which they automatically receive when they join the super fund.  In most cases, it has not been assessed or underwritten upfront and is more than likely both inadequate and inappropriate type of cover for the client. 
• Most of us wouldn’t drive without car insurance, or buy a house without home and contents insurance. Yet most Australians don’t protect their ability to earn the income that funds their lifestyle. 
• Your ability to earn an income is your most important asset because your lifestyle depends on it. However, if you had to stop work tomorrow because of an accident or illness, would you be able to continue to pay your bills and afford the lifestyle you currently enjoy? Therefore, it pays to protect your most important asset – your income.

We Can Help To

• Conduct a comprehensive personal risk insurance needs analysis and identify the areas in which you and your family might be exposed to a potential financial risk and recommend the best solution to meet your needs. 
• Review your current default  insurance policies that you may already have in place via your superannuation fund and advise on gaps or other needs.
• Advise on Life Insurance to ensure that in the unfortunate event of death or terminal illness, your family and loved ones are cared for financially and the funeral, medical, legal costs as well as the family’s debts and other financial obligations are met. 
• Advise on Total Permanent Disablement Insurance (TPD) to protect against permanent disability and provide funds for medical and rehabilitation costs, clear debts, education funding for children and an ongoing income replacement for the family.
• Advise on Income Protection Insurance to help replace lost income in the event of an injury or illness.
• Advise on Trauma Insurance to assist in the event of a critical medical event such as cancer, stroke, heart-attack and many other conditions.
• Advise on structuring policies using super, linking benefits and more to help save you tax.
• Expert claim support in the event of a claim to achieve the best result possible for you and your loved ones. We help with the claims process and liaise with the insurer and other stakeholders. Our many successful claims stories are a testament to the pivotal support we offer our clients during these critical times.

**Australian Disability Table IAD89-93 Class

^ Pricing Dread Disease, Institute of Actuaries of Australia 1994.