Wealth and Asset Protection
Do you have any children or dependants?
Do you have a mortgage?
Has someone who know suffered cancer?
Do you have a money tree growing in the backyard
for that rainy day?
Life Assets offers client the ability to explore the options of a comprehensive Wealth Creation Strategy addressing the following insurances:
Life Insurance
Essentially, life insurance provides a lump sum amount to your estate or nominated beneficiaries in the event of your death.
Life cover provides your dependants with a lump sum benefit upon your death. This lump sum can be used to eliminate debt, cover funeral and other expenses, fund your children’s education.
Another use for this policy is to provide a continuing income stream to your family or dependents creating certainty for your surviving spouse or partner.
Life Insurance can now be held in inside your superannuation fund with your employer contributions paying for the cover.
'Life Insurance held inside super represents only 20% of the cover needed.'
‘Fast Fact: A Nation Exposed’, Investment and Financial Services Association, August 2005
It is imperative that you seek professional advice regarding the appropriate cover for your individual circumstances. To do this, please contact Life Assets.
Total and Permanent Disablement
(TPD) Insurance
TPD insurance provides you with a lump sum payment
in the event that you become seriously ill or injured and are unlikely
to ever be able to work again. The definition of total and permanently
disabled varies among insurance companies and policies. The old horror
stories of TPD definitions have greatly improved over time. Some definitions
are limited to your ability to work in your actual occupation, whilst
others consider your ability to work in any job. TPD is usually only available
with life cover although there are now some “stand alone” products available.
If you are totally and permanent disabled, there is a chance that you will not be fully mobile or that you require special nursing care. In addition to objectives such as debt elimination and future income needs, you should therefore consider funding for home and vehicle modifications and for potential nursing care costs.
It is imperative that you seek professional advice regarding the appropriate cover for your individual circumstances. To do this, please contact Life Assets.
