Most people greatest asset is their ability to earn an income over their working life.
While many people make sure their house and car are insured they neglect to ensure that they have adequately protected their family against death, illness or disability.
In Australia only 4% of Australian families with dependent children have adequate insurance coverage , and only 22% of working Australians insure their ability to earn an income . This means that many families’ lifestyles would be significantly impacted in the event of death, serious illness or disability.
Private Capital Advisers are able to assist in assuring your family’s financial security in the event of injury, sickness or death.
When recommending insurance cover, we take into account your current financial position and lifestyle requirements. Once cover is in place, regular reviews are important to ensure that the cover remains relevant for your circumstances.
The types of products on which we are able to provide advice include:
Pays a lump sum on your death or the diagnosis of a terminal illness.
This provides your family with funds to pay off the mortgage and other debts, provide for your children's education, obtain child care and provide for an ongoing income stream to secure your family's lifestyle.
|Total and Permanent Disability (TPD)||
Pays a lump sum in the event of you becoming disabled and being unable to ever work again.
This capital can be used to pay off debts, cover medical costs and invest so that you have an annual income to help maintain your lifestyle.
Also known as 'Salary Continuance Insurance', it provides a replacement income of up to 75% of your employment income if you are unable to work due to illness or injury.
This income stream can be established to cover you for short or long periods and offer various waiting periods to suit your needs. Depending on the policy, payments may continue up to the age of 65 if the disability is ongoing or permanent.
Pays a lump sum on the diagnosis or occurrence of one of a list of specific illnesses such as heart attack, cancer or stroke. This lump sum payment gives you flexibility at a time when you need it most.
You will be able to reduce your working hours, spend time with your family, get treatment or rehabilitation and pay for carer.
As a Life Risk Broker we are able to recommend products from a range of insurers and we are not tied to one particular insurance company. Our focus is to act in your best interests.
 A Nation Exposed, Research for IFSA by TNS, July 2005
 Rice Warner Actuaries: Underinsurance in Australia 2011