Insurance if a form of protection – a way to protect yourself, your family and the things you own if something goes wrong. It enables you to replace or repay your assets, whether those assets are your belongings or your capacity to earn an income.
Everybody’s circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of life.
There are various types of personal insurance cover and options available, but we can tailor a risk protection plan to suit your needs and objectives.
There are many types of insurance. Car or home/contents insurance allows you to insure your belongings. Personal insurance policies enable you to insure yourself and your ongoing wellbeing.
Personal insurance provides protection against sickness, injury and death, and includes:
While insurance does not remove the risk of something going wrong, it provides you and your family with protection and financial security if something does happen.
The amount of insurance you need is affected by:
Life, TPD and income protection insurances are all offered within superannuation. If your insurance is held within superannuation, the cost of the premiums is withdrawn from your superannuation balance.
It is important to work out the best way to structure your insurance, whether inside or outside superannuation, or a combination of the two.
Insurance is not static, and your need for cover will change as you move through different stages in life. As part of the financial advice process, we regularly review your insurance to ensure that you are adequately protected as your circumstances change.