Insurance Advice

The team from Private Wealth Planning can provide insurance advice for a range of wealth creation situations and financial management areas.

Insurance can protect individuals from unforeseen risks, which can play a part in undermining the best-made plans. Just as wealth creation strategies need to be reviewed on a regular basis, so too does a wealth protection plan.

We offer insurance advice for a range of situations including:

Young singles – usually without a mortgage and children, young singles may require insurance to protect against travel, road accidents and accidents relating to sporting activities. As well as this, income protection is an important insurance to protect against any financial challenges, which may result from an accident or injury.

Young couples – career-focused young couples often are looking to secure their financial future and attain home ownership and developing financial security ahead of starting a family. Insurances to consider may include life insurance, TPD, trauma and IP insurance, which may provide financial support in the event of death, disability, illness or injury.

Young families – when a spouse may be working full time and one partner staying at home to raise the family and take on parental responsibilities it is essential that insurance is engaged to cover a mortgage, and any financial repayments should the breadwinner be unable to work due to illness, death or injury. Insurance for income, medical expenses, debt and trauma are an essential coverage to consider.

Pre-retirees – when you’re an empty nester, your priorities change as does your insurance needs. Usually, pre-retirees will be debt or mortgage free and will be well placed to achieve their financial objectives. At this stage of life, insurances that cover health, trauma, IP and life insurance are an important consideration.

Retirees – this time is when you can sit back and enjoy the fruits of your labour. Whether you’re self-funded or receiving government benefits, wealth protection and basic insurance is essential, and a range of option are available to ensure you’re enjoying the quality of life you’ve set out to achieve.