Personal Insurance
"An important component of your financial framework is insurance. Personal insurances are about risk management - ensuring that assets and lifestyle are protected should something unexpected happen"
What types of personal insurance are available?
There are different types of personal insurance policies available to support different situations. When you work with an adviser, they can help you to identify which may be of benefit to you and your family.
Term Life Insurance
This is usually what people are referring to when they say ‘life insurance’ or ‘death cover’. It is typically a lump sum paid to your family (or estate) in the event of death or, in some cases, terminal illness.
Total and Permanent Disability Insurance
This pays a lump sum in the event you are injured or suffer an illness that causes major cognitive impairment, or renders you unable to independently care for yourself or work.
Trauma Insurance
This pays a lump sum in the event a specified illness (ie cancer, stroke) is diagnosed.
Income Protection Insurance
This pays a monthly benefit that covers up to 75% of lost earnings due to an illness or accident.
You don’t need more insurance, you need the right level of insurance
Some people who come to us have too much insurance. This is because they believe that ‘more is better’, which simply isn’t true. Insurance is paramount to a strong financial framework, but it’s important that it reflects your needs. With a financial plan in place, with clear goals and strategies, your insurance can be structured so that it protects your lifestyle, assets and family.
Financial Framework can help you build and protect your financial future
- We conduct a full analysis of your insurance. We see what protection you have, where it can be improved, and outline your options.
- We conduct a full analysis of your current finances and financial goals, outlining your financial framework and identifying what areas can be improved upon.
- We integrate your insurance into your financial plan – giving you the right level of coverage to protect your wealth.
Contact us today and see how we can help
It might be the most valuable move you can make...