Our Personal Risk Insurance Advice Sydney service is the cornerstone of Financial Planning. It provides a financial benefit in the event of a serious injury, not being able to work as a result on illness or injury or worse still death. Risk insurance advice for Sydney home owners and investors is an effective way to provide you and your family with financial peace of mind.
We only deal with the leading insurers in the market and expertly manage the balance between cost and benefit when giving risk insurance advice in Sydney.
What is life insurance?
Life insurance, also known as term life insurance, provides a cash lump sum in the event of death. Some policies pay on the diagnosis of a terminal illness. Cover normally applies immediately to any cause of death with the exception of suicide occurring within the first 13 months. Premiums generally increase each year as you get older. Life insurance is particularly important if you have a high level of debt such as a home mortgage or investment loans.
What is total and permanent disability insurance (TPD)?
Total and permanent disability insurance (TPD) is usually an optional extra on a life insurance policy and covers against a permanent disability. The amount of cover you can buy is usually limited to the amount of life cover purchased.
What is income protection insurance?
Income protection insurance is designed to replace your income if you are unable to work due to sickness or injury. It provides a monthly payment of usually up to 75% of your pre-tax income. You can generally choose the waiting period (this is how long you must be unable to work before the insurance begins to pay you) and the benefit period (how long the policy will pay you if you are unable to work). It protects your greatest asset, your home. In the event you are unable meet your mortgage repayments due to sickness or injury and the premiums for income protection insurance are usually tax deductible.
For a quote or a free no obligation consultation with one of our professional financial planning staff for risk insurance advice in Sydney, contact us today.
Supersolid Financial Advice is an Authorised Representative of Risk and Advisors Australia Pty Ltd AFSL No 2381 41