Protecting Your Family’s Lifestyle

Protect the income. Protect the Income. Protect the Income.

Amazingly, 83% of Australians say they have insurance for their car. Only 31% insure their ability to earn an income with income protection insurance.

Many people insure their car or their home, but fail to insure their most important asset, their ability to produce an income. We often fail to realise the value of our ‘working’ life. It supplies the capital that fuels the lifestyle that you and your family enjoy, not just now, but well into the future.

An interruption to your earnings due to injury or illness will impact on your family’s lifestyle. How great an impact depends on the severity of the injury or illness, unless your income is covered by Income Protection.

  • Income protection pays you up to 75% of your income if an illness, injury or accident prevents you from working.
  • You can guarantee your current level of income until retirement with an agreed value policy.
  • You can own and pay for a portion of income protection inside super
  • The portion that isn’t owned by super is tax deductible.
  • Your ability to earn your income is your most valuable asset.

We can make sure that your income continues while you can’t work, and that it is structured so that the cost of premiums doesn’t eat into your family budget.

Did you know that most insurers give you income protection of up to $10,000 per month without medical tests if you’re under the age of 45?

Protect against the loss of Life or Permanent Disablement

Life insurance pays your family a lump sum amount when you die. These funds can provide freedom by;

  • Repaying your mortgage and other debt obligations
  • Creating a sum of money that the surviving spouse can invest to produce regular income to fund your family's ongoing living expenses
  • Relieving the pressures of returning to work before your family has had the time to properly heal from the loss of a loved one  

This cover is cheap and can be owned inside super and paid for by your super, easing pressure on your personal cash flow.

Total and permanent disability insurance gives you a tax-free lump sum if you’re permanently unable to work due to accident or illness.

This cover can alleviate undue stress by;

  • Funding ongoing medical costs
  • Funding modifications needed to your living environment
  • Extinguishing debt
  • Investing the money to create regular income to fund your family's ongoing living expenses

Cover for Costs of Critical Illness

Critical Illness insurance pays you an agreed amount if you are diagnosed with a specified critical illness event, such as cancer or heart disease.

You don’t need to stop working to claim on critical illness. It is designed to cover medical expenses and give you the freedom of take time off work to focus on your recovery and to return to work because you’re ready, not because you have to.

A study conducted by Rice Warner in late 2012 estimated the actual out of pocket medical costs for Cancer ranging between $58,000 for budget care and $380,000 for high level care[1]. With more than 1 in 3 males and almost 1 in 4 females being diagnosed with some form of Cancer before the age of 75[2],

Parents have the option to add Child Trauma cover to their policies for children between the age of 2 & 15. This option is available at a low cost for events such as cancer, severe burns, Meningitis and Major head trauma.

Did you know that most insurers give you life insurance of up to $2 million, and trauma of $1 million without medical tests if you’re under the age of 45?

Each of these types of life insurance have great value and plays a vital part in a comprehensive risk strategy. This is the time that life insurance carries the most weight and can have such a profound impact if a family finds themselves dealing with unexpected medical misfortune.

We can help you shape your risk strategy to fit your family and provide peace of mind that your future financial happiness is well protected.

[1]Rice Warner, Risk Insight December 2012

[2]Australian Institute of Health and Welfare, Australia’s Health 2004