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Protect your income and lifestyle

Personal insurance cover can help you focus on what is important and not worry about finances in the event of death, disability or illness. 

Often people think about insurance cover when there are changes in their lives such as

  • Borrowing to buy your first home

  • Having children

  • Experiencing a health scare

  • A friend or family member being diagnosed with a terminal illness

  • Someone you know experiencing a car accident and taking time off work to recover

We provide advice regarding four main types of insurance

Income Protection Insurance:  provides you with an income in the event you are unable to work

 

Life insurance:  pays a lump sum if you pass away

 

Total Permanent Disability Insurance:  pays a lump sum if you are totally permanently disabled

 

Trauma Insurance:  also known as Critical Illness cover pays a lump sum if you suffer a specified medial trauma

 

Although you may have insurance cover through your superannuation, this may not be enough to protect you and your family financially if something were to happen.  A Gold Leaf Financial Planner can review your existing insurance cover to make sure you and your family are protected.  When providing insurance advice we consider

  • Your financial situation including assets and outstanding mortgages and loans

  • Your goals and wishes for your partner and family

  • Insurance options within super and outside of super

  • Tax benefits

  • Cost

  • Policy features and benefits

 

We also help you set up the insurance cover and review your insurance cover over time as your life changes.

Ben and Zoe buy their first home

 

Ben and Zoe have been talking lately about buying their first home together.  Ben is an engineer at a global firm and Zoe is a marketing manager at a large corporation.  They are planning on starting a family in a few years.  Recently, Ben’s mate was in a car accident and, as a result of his injuries, he was off work for 10 months.  This lead Ben and Zoe to wonder how they would pay the mortgage, pay for living expenses, and look after their future children if something were to happen to either of them. 

Ben and Zoe want to make sure they can afford the repayments on a mortgage if interest rates rise and if they have gaps in employment.  Their Gold Leaf Financial Adviser prepared a financial plan for saving for the house deposit and purchasing costs.  This also included keeping funds aside for emergencies and gaps in employment, and how much to borrow to make sure they can repay the mortgage when interest rates rise.  The planner also recommended insurance cover that would enable them to keep the house and pay for living expenses in the event either of them became ill or disabled and unable to work or, if they were to pass away. 

 

By saving a higher deposit and structuring the loan effectively, they will save in interest and repay their home loan a lot sooner.  They have the peace of mind that if something were to happen to them, they will not have to worry about money or medical expenses and instead will be able to focus on recovery and having a good quality of life.