Insurance Advisor
Insurance Advisor
While we often focus on accumulating wealth and building assets, protecting our life and income is equally important. Imagine what would happen if, due to illness or injury, you were suddenly unable to work. How would the daily living expenses, mortgage repayments, and other financial obligations be covered?
The reality is that most people can’t save the required funds to self-insure. This is where insurance becomes a crucial part of your financial plan.
Our personal insurance advice covers the following:
Life insurance is a form of insurance that pays a lump sum payment to the beneficiary upon passing. It’s designed to safeguard your family in case the worst occurs.
Total and permanent disability insurance (TPD) pays a lump sum if you become totally and permanently disabled because of illness or injury and cannot return to work.
Trauma cover pays a lump sum if you suffer a critical illness or serious injury. The conditions vary but typically include heart attack, stroke and cancer.
Income Protection pays a percentage of your pre-disability income if you are unable to work due to illness or injury.
We help you find cover that is both cost-effective and structured to maximise tax benefits.
In the event of a claim we provide support and guidance throughout the claims process, helping you navigate it smoothly to ensure you receive the benefits you’re entitled to.
Importance of a Tailored Approach
We understand that you have unique needs when it comes to insurance. Our process is designed to ensure that you receive comprehensive cover. Here’s how we approach insurance applications:
Firstly, we will complete a needs analysis with you. A needs analysis is a tool to help us understand the right level of cover for you. We discuss in detail your occupation, and income and assess your ability to maintain a level of income. We also consider any existing cover you might have and assess if this cover should be retained or replaced. This personalised approach ensures that the cover you receive is appropriate for your specific situation.
2) Pre - Assessment
We offer a comprehensive pre-assessment process. The pre-assessment process involves providing details to medical underwriters, the information is confidential and anonymous. These details allow the underwriters to provide feedback on your medical history before lodging a full insurance application. This helps the process to be fast and efficient and we can then narrow down which insurers would be the best fit for you.
3) Product Research
Once we have determined the insurers offering the most beneficial medical terms, we then conduct thorough research on the individual policies. The types of policies, features, and benefits vary depending on the insurer. We use software and our extensive knowledge of insurance products to determine which option is most appropriate. We discuss the options in detail with you and ensure you are comfortable and well-informed during each step in the process.
4) Application and Final Stages
The insurer has now been selected, we then submit a full application to the insurer. We liaise with the insurer and yourself to get the best possible outcome. Once the insurance is approved, we work with the insurer to place the policy in force. As your circumstances may change overtime, we provide regular reviews to ensure the cover remains appropriate. During the stages, you will be provided with an advice document which will provide a detailed summary of the recommendations.
