Life, Disablement and Income Protection Insurance – protecting your lifestyle and wealth
Why Life & Disability Insurance?
On your journey to financial freedom, it’s not just about building up your assets- it’s also about making sure you have the right protection in place for your lifestyle to continue if the unexpected were to happen.
For many Australians, ensuring their family is protected rates highly on their list of priorities, but just finding the time to look into the best options is been something that’s often put off. Even the best laid plans can get put to rest when you’re juggling work, family, and life! The problem with this approach is that when you actually need the insurance cover- by then it’s too late to get it.
We’ll help you buy creating a personalised protection strategy that’s unique for your individual circumstances, including your income, debts and assets. We’ll ensure you’re getting great value and a quality policy that will be there for you in any time of need.
Best of all, in many cases Life, Disablement and Income Protection can be paid from your superannuation balance, so this is a huge benefit if your cashflow is tight.
Here is a brief overview of the types of other insurance we can provide.
- Life insurance: Pays out a lump sum on death – suitable if you have family depending on your income
- Total and Permanent Disability (TPD) insurance: This provides a lump sum payment should you suffer an illness or injury which totally and permanently prevents you from working again.
- Income Protection Insurance: provides a regular income in the event you are unable to work due to sickness or injury.
- Critical Illness Insurance – (also known as ‘Trauma Insurance’). Critical illness cover is designed to help you financially recover from a trauma or crisis, such as a heart attack, stroke, cancer or other life threatening conditions.
We can also look at the option of implementing your insurances on “Level Premiums”, a little know secret which means the cost of your policy will not increase due to age.
True Journey Financial Planning are based in Brisbane and serve clients all around Australia.
To further discuss your own personal protection strategy, please contact us with a message, or schedule a free initial call with Tamara by clicking below.