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Have you also thought about insuring your ability to earn income?
But have you also thought about insuring your ability to earn income…ensuring you can protect not only your home, but your family and your lifestyle as well?
While many of us would consider our home as our major asset, it’s actually our ability to earn income that is our most important asset.
And when you insure your ability to earn income, you have the peace of mind that you can still pay your mortgage, your grocery and other bills, even if you suffer unexpected illness, injury or death.
Find the right insurance for you
At Lifestyle Wealth Partners, we understand that life insurance is a key part of your financial planning. But we also know that the many insurance choices available and the multiple levels of cover each provides can be totally overwhelming.
Because we understand insurance and we also take the time to understand your total financial state of health, we can recommend the insurance that will best match your level of risk aversion and protect the things that are most precious to you.
In other words, we will tailor a package specifically for your needs, providing you with the right level of cover to provide security and prevent financial stress.
We can also help you reduce the impact of the cost of insurance premiums with holding some of your cover inside superannuation or even using super to cover payments at times when your cash flow may be restricted.
And as you go through your major life changes, such as the birth of a child, loss of a partner, or repayment of debt, we will review your coverage regularly, to ensure your insurance is structured over time to match your changing needs and circumstances.
Provide peace of mind
You probably already have home & contents, car and health insurance, but you may not realise the other options that can provide total peace of mind to you and your family.
We will discuss your individual needs with you to tailor the insurance package that provides you with the greatest level of security at the lowest possible premium.
Income protection insurance
With income protection insurance you can avoid the financial stress of drawing down on your assets or taking on more debt if you are unable to work for a period of time due to sickness or injury.
It provides you with a monthly income to cover your rent or mortgage payments, living and medical expenses. And if you are a home-maker you can apply for a monthly benefit to cover costs such as childcare and housecleaning.
Term Life Insurance
We recommend you consider this type of insurance if you have people who are financially dependent on you or outstanding debts that need to be serviced from your income.
Term life insurance will pay a lump sum if you die or are diagnosed with a terminal illness, and this money can be used by your family to clear debts, pay for funeral expenses, invest and then draw down to replace lost income, or cover childcare and housekeeper costs, if needed.
Total and permanent disability (TPD) insurance
If you have financial commitments and need your full income to maintain your quality of life, you may want to consider TPD insurance, which will pay a lump sum if you are unlikely to work again due to a permanent disability.
The money will enable you to cover your medical expenses, invest and then draw down to replace your lost income, clear any outstanding debts and even modify your home so you can remain living there, even after disability.
Trauma Insurance
Sometimes you want a little bit of extra protection, and trauma insurance offers you a lump sum benefit if you suffer from a range of medical conditions, such as cancer, a heart condition or loss of a limb.
Trauma insurance provides you with the freedom to take time off work to recover, or maybe even retire early, if you decide that is the best option for you and your family.
Insurance for every stage of your life
Whatever your stage of life, it’s never too early or too late to think about insurance.
Insurance protects your assets and provides financial peace of mind for you and your loved ones, regardless of your age, and whether you are single, married, have dependents or run a business, allowing you to:
- Cover ongoing living or business costs
- Provide support for your dependents
- Cover your rent/mortgage obligations
- Pay off any debts
- Cover any medical expenses
Contact us now to see how we can help you protect your lifestyle, your assets and your loved ones. And provide you with total financial peace of mind.
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We provide you with peace of mind – manage your risk and ensure you don’t miss out on opportunities.