Insurance TMFS icon

Why do I need insurance cover?


Although we had kids and a manageable home loan, with 2 incomes my husband always queried whether we really needed to continue with our income protection insurance. Luckily I was able to access sensible advice.
I truly think it’s something everyone needs in situations like ours. Thank God for it really – I think we’d be selling our house right now if we didn’t have it.
Debbie

Protecting you from the unexpected

You’re working hard to get ahead. Unfortunately, unforeseen events do happen and you need to think through the implications on your family’s lifestyle in a realistic and rational manner.

We help protect your family and your lifestyle in a tax and cost effective way.

We can help work out how much cover you really need

By understanding your situation and future needs we can discuss various scenarios, for example:

If the primary income is no longer available, besides living costs, how will debt repayments be funded? Would assistance around the home be required? Is there any particular lump sum for education or other purposes required?

What type of insurance do I need?

We understand that there are many options available such as income protection, trauma, life and total and permanent disability. We’ll help you to understand the differences between them and how appropriate they are to your individual circumstances.

We will help you prioritise your needs and ensure you understand all the options open to you.

For most people, insuring their car is essential however your income to retirement is an asset that is far more valuable than your car and even your house, and thus your income should be protected.

How to make sure your insurances are structured correctly and tax effectively

It’s imperative that you structure your insurances correctly to make sure that payments are received by you in your time of need.

We have the expertise to ensure your insurances are structured in a tax effective manner, eg life insurance can be taken out tax effectively through superannuation saving you money, and income protection is tax deductible.

Selecting the right provider for you, cost effectively

We have access to specialist software that can evaluate the cost and quality of over 10 different insurance providers. Depending on your occupation and age, the outcome can vary widely, thus our expertise can ensure that we match your needs to the most suitable and cost effective solution.

Assisting with every step

When you decide on the best insurance solution for you, we will help you every step of the way. Throughout the application process, we will liaise with the insurance company on your behalf and keep you up-to-date with any outstanding requirements, until your insurance is in force.

Reviews and ongoing assistance

As your circumstances change, for example, there is an addition to your family or your debt level changes, it is very important to reconsider whether your level of cover is still appropriate, ie whether you are over or under insured.

We will review your circumstances with you annually, but also as changes take place, and facilitate any amendments agreed upon.

Whilst your policy is in force, we will assist you with any changes over the years and be available to answer any of your questions.