Risk insurance advice

Did you know that more than one in five working age parents will die, become seriously injured, or ill enough to prevent them from working.

Whilst most people would never consider driving a car without motor insurance, less than a third of us insure our most important asset - our ability to earn an income.

Would your financial position be affected if you were to suffer from an illness or injury?

Most of us are underinsured and the results can be devastating for families should there be a death or serious injury.

The key benefit of insurance is to make sure that you and your family are financially supported if any such occurrences eventuate in the future. There is no set formula for establishing how much Life, TPD and/or Trauma cover to have but some key questions to consider would be;

  • Do you have a mortgage?
  • Do you pay school fees?
  • Do you have any personal loans?
  • Do you have credit card debt?
  • Do you have dependents?

If you answered yes to any of the above questions, and you are unsure what to do about your insurance needs, now would be a good time for us to have a no obligation chat.

Every adviser at Future Wealth Planners understands that one of the most critical components of any comprehensive financial strategy is protecting your personal and financial wellbeing from unforeseen illness, injury, permanent incapacity, traumatic illness, or death.

Our insurances solutions include:

  • Term Life (or Death) insurance – which pays a lump sum benefit if the insured dies during the term of insurance.
  • Total and Permanent Disability (TPD) insurance – pays a pre agreed lump-sum amount if you suffer a long-term illness or injury making you totally and permanently unable to work.
  • Trauma (also known as Critical Illness) insurance - pays a lump sum if you suffer from one of the specified health traumas in the insurance policy.
  • Income Protection insurance – pays a monthly benefit that pays you up to 75% of your pre-tax income and covers you if you are unable to work for a medical reason. It is paid until you return to work and if necessary until you are 65 (depending on your occupation).

Over the many years we have observed the invaluable advantages a responsive and comprehensive insurance strategy can have in difficult and painful times.

We understand that it can be difficult to determine the type and level of cover you might need, let alone choosing an insurer.

With decades of experience, we are experts in working out what your needs are and recommending an insurer that is right for you.

If you would like to have a chat with one of our qualified and experienced advisers, please click on their link below:

Bill has been in the financial services industry since 1981 and has been practicing as a fully qualified Financial Planner since 1997. Bill speaks "Superannuation" fluently and enjoys helping people understand what they have and what options best suit them.

Bill is authorised to provide advice on the financial strategies and products stated in this Financial Services Guide.

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Gina has over 20 years’ experience in the financial services industry. Specialising in pre- and post-retirement planning, Gina enjoys working with clients to understand their financial objectives now and in the future.

Gina is authorised to provide advice on the financial strategies and products stated in this Financial Services Guide.

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With an understanding built from his own experience of what is required to stay financially afloat during unforgiving times, an ability to explain the need for strategic future planning with the use of a postal stamp, and a penchant for cutting through unnecessary jargon, Karl aims to provide clients with a wealth management service that puts their financial goals within reach.

Karl is authorised to provide advice on the financial strategies and products stated in this Financial Services Guide.

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