Personal Insurance is important to have when you are still working and relying on your salary to provide you with an income and you have debt that you don’t want to leave to the family. Until you have built up your investment assets to provide you with a passive income (retirement) and you are debt free, it is important to consider insuring YOU.


This insurance can be in the form of Income Protection, Life Insurance, Total and Permanent Disability Cover and Trauma cover. Each insurance covers you for different reasons and often work together to provide comprehensive protection.

Things to consider:

How you structure your insurance ownership and premium repayments, can make a big difference to how much tax you or your beneficiaries pay. Some insurance can be structured in or outside your superannuation fund and other’s can be owned by different entities, depending on your circumstances and goals.

Insurance should not be seen as a ‘windfall’. It is used to preserve the life you have now, with the family and ensures that you avoid financial hardship in the future. Making sure you are not under or over insured is an important part of the review that should be taken every three years you hold cover.

Common questions to consider:

Some questions you may wish to consider include:

  • How much cover do I need to ensure my family don’t miss out?
  • Which type of cover do I need?
  • Am I holding my insurance in the most tax and cost effective way?
  • Have my circumstances changed in life?
  • Do I need to increase or decrease my cover?
  • Which assets do I want to protect?
  • Which assets am I prepared to liquidate?
  • Have I considered one off expenses?
  • Do I need to consider business insurance?

How we can help

We can:

  • Analyse your insurance needs
  • Review your existing level of cover
  • Compare your existing product to new products available on the market
  • Find those products with the best feature and benefits to suit your needs
  • Provide you with quotes from a range of leading insurers within the industry
  • Structure the different types of insurance to compliment and maximise breadth of cover
  • Consider the advantages and disadvantages of holding insurance inside your superannuation fund
  • Ensure your benefits are distributed to those prople you care about
  • Provide annual reviews of your wealth protection plan to ensure it is still relevant
  • Provide support to you and your family if or when it comes time to make a claim
  • Liaise between you and the insurer to ensure a quick process