INSURANCE

 

When we think of wealth advice we often concentrate on investment strategies. While these are very important because they aim to create wealth, it is equally important to put defensive strategies in place.

 

Consider the consequences of not being able to work for a year as a result of an illness or injury, or the death of the family’s breadwinner.

 

While nothing can compensate for the emotional loss that such a catastrophe causes, it is possible to minimise the financial loss to your family by putting in place appropriate risk insurance cover, such as:

 

Life insurance

 

Life insurance provides a lump sum payment for your family to ensure that the plans you had for them can be achieved. It also enables the financial obligations of your business to be met.

 

Total and permanent disability (TPD) insurance

 

TPD insurance provides a lump sum payment if you suffer a sickness or injury and are permanently unable to work. This will assist you to pay the additional expenses that arise as a result of an ongoing sickness or injury.

 

Trauma insurance

 

Trauma insurance provides a lump sum payment if you suffer one of a list of major medical traumas. This will assist you to obtain the best medical and rehabilitation care and also change your lifestyle if you wish.

 

Income protection insurance

 

Income protection insurance provides a regular earnings replacement payment if you suffer a sickness or injury and are temporarily unable to work. This will assist you to maintain your lifestyle until you are able to return to work.

Insurance

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IMPORTANT INFORMATION

 

Any advice on this website is general advice only and does not take into account the objectives, financial situation or needs of any particular person. You should obtain financial advice relevant to your circumstances before making investment decisions. Whilst every care has been taken in the preparation of this information, Australian Unity Personal Financial Services Ltd does not guarantee the accuracy or completeness of the information. Australian Unity Personal Financial Services Ltd does not guarantee any particular outcome or future performance.

 

Brad Williams & Nest Financial Services Pty Ltd are representatives of Australian Unity Personal Financial Services Ltd ABN 26 098 725 145, AFSL No. 234459, 271 Spring Street, Melbourne, VIC 3000.

 

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