As your wealth grows, it becomes increasingly important to protect the income and assets that underpin your family’s lifestyle. Unfortunately, even affluent Australians often neglect to protect themselves and their families against the potentially devastating effects of an unexpected death or disability.
Research from the National Centre for Social and Economic Modelling found that that 96% of Australian families with dependent children had inadequate insurance for their current financial needs.*
Without your income, your family could struggle to cover debts and meet everyday expenses. As a result, they could be forced to dispose of assets in an unfavourable market, severely impacting their lifestyle over the long term.
We can help you manage risk and safeguard the financial security you’ve worked so hard to build, with strategies to protect your assets and your family’s financial security.
Wealth protection strategies
We can help you explore a range of risk management and wealth protection strategies, including:
- Life, Total and Permanent Disability, and Trauma cover: essential protection for your family, providing a valuable payout if you die, become disabled or suffer one of a range of life-threatening illnesses.
- Income protection: protection for your most valuable asset, ensuring you can continue to support your family’s lifestyle, even if you are temporarily unable to earn an income.
* Understanding the social and economic cost of underinsurance, National Centre for Social and Economic Modelling, 2010