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Personal life insurance

When you are planning for the financial future of you and your family you have to take into account the greatest risks to achieving your retirement goals which are loss of life and loss of income.

How would your family cope if you were no longer around or unable to work? Will they be financially set up to meet important commitments such as mortgage repayments and child care or even the most basic of necessities?

The reality is that most Australians are under-insured and are more comfortable insuring their houses and cars and not their income or their lives. Do you want to be one of these people or do you want piece of mind that your family will be secure if something untoward should happen?

Life insurance can assist in securing your family’s financial future. In the event of death or terminal illness life insurance can provide a lump sum benefit that can be used in the following ways:

  • Pay off the mortgage and any other debts;
  • Funeral costs;
  • Child care or home help; and/or
  • Provide a lump sum that can be invested with a view of deriving income to replace lost income. 

Life insurance can either be held personally or inside of superannuation and there are factors that need to be taken into account when deciding which the best option.

We have access to many different insurers and independent software so we are able to provide a comparison of premiums and policy benefits for each client to base our recommendations upon.

Buy/Sell Agreements

In situations where an individual may be in partnership with another in a business structure, we can use these factors to structure a buy/sell agreement so that your biggest business asset does not become a burden on your family should you die before the business is sold or reaches its full potential.

If you would like to find out if you have adequate insurance cover for you and your family or whether your current insurance cover is the best policy for you contact one of our insurance specialists.