What would happen if you were injured, fell ill or died? No one likes to think about it, but have you considered whether your family would be protected? Could you get by financially if you were no longer able to work either for an extended period of time or permanently? And what if you died?
Wealth protection is an essential part of every financial plan. Without income, trauma, life and TPD insurance, the wealth you’ve built up can rapidly erode as a result of an accident or illness.
Our Financial Services department can assess your personal situation and recommend policies that best suit your needs. We can also review your current policies to ensure they continue to provide an adequate level of cover. This is particularly important if your financial situation changes and extended coverage is needed for additional family members.
Imagine leaving your family burdened with the debts you created if you died. Insuring your own life ensures you leave adequate resources to your family and dependants. You might be surprised how little that peace of mind costs.
Our Team can recommend a policy that is right for you.
Total and Permanent Disability (TPD) insurance
Total and Permanent Disability (TPD) insurance provides you with a lump sum if you suffer total and permanent disability and you were unable to work again, with a choice of ‘own’ or ‘any’ occupation definitions.
Trauma insurance can provide a lump sum payment should you suffer from a number of medical conditions such as cancer, stroke, heart attack and coronary artery (bypass) surgery.
Trauma insurance can be used to take care of all your bills so you’re free to recover and get on with your life or pay for a long held dream. Your lump sum is paid on diagnosis of the covered illness.
Income Protection insurance
For most people, their income is their most valuable asset.
It’s essential to protect your primary source for maintaining and building your wealth.
Income protection policies can replace up to 75% of your gross income if you’re unable to work due to sickness or injury. That means if you could not work for an extended period of time due to accident or illness, up to 75% of your salary would be paid for up to age 65 depending on the terms of your contract.
The cost of that peace of mind (income protection) is tax deductible.
The following are Authorised Representatives of Count and licensed to give financial advice - David Ryan, Sam Papadopoulos and Helen Miller.
General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
AccountingHQ Pty Ltd is an Authorised Representative of Count. ‘Count’ and Count Wealth Accountants® are trading names of Count Financial Limited, ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 ("Count") a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited.