wealth protection
Consider your personal and business insurance needs.
Bad things happen to good people; it’s just the way it is. Illness or injury can severely impact your ability to earn a living and damage your finances, potentially leaving you and your family in a precarious position.
In financial planning risk is about more than investment risk – it also covers personal and business risk. Your planner can help advise you on how best to protect your wealth against events which cause you to temporarily or permanently suffer a loss of income.
The financial planners who work for Premium member firms understand the insurance industry. They can apply their understanding to helping you evaluate providers and policies and to clarify terms and conditions.
In evaluating policies and procedures they look at areas such as the cost of the premium, the cover provided, the financial stability of the provider and whether the provider’s payout record backs up their promises.
Importantly, they do this with close reference to your personal situation. This means they look at your financial, family and business circumstances and tailor their insurance advice accordingly.
Types of insurance evaluated include:
A. Personal
- Income protection
- Critical illness
- Total and permanent disability
- Life
B. Business
- Loan protection
- Shareholder protection
- Key person
- Buy and sell agreements
When it comes to protecting your wealth you’re wise to think through your options.