WEALTH PROTECTION

It’s not how much money you make, but how much money you keep,

how hard it works for you, and how many generations you keep it for.

Robert Kiyosaki

  • 83% of Australians insure their car but only 31% insure their income.

    38% of working Australians believe they could survive without an income for less than one month before needing to sell assets to survive.

  • Unsurprisingly, younger Australian’s are most financially vulnerable, with 54% of under 25s and 45% of 25–34 year olds indicating they couldn’t survive a month before they would need to sell assets to survive.

  • Life doesn’t always go to plan, if the unexpected were to occur, do you feel you have the right insurances in place to protect what matters the most?

  • Personal insurance, such as Life Insurance, Total and Permanent Disability, Trauma insurance and Disability insurance are essential parts of any well-planned financial strategy.

  • In the event of an illness, accident, disability, or death, are you covered? Will your family be taken care of? These pressing questions are difficult to ask yourself, but having insurances in place is just as important as having a wealth accumulation strategy.

  • At Your Wealth Hub Advice, we are just as focused on protecting your wealth as we are building your wealth. We consider risk reduction as one of the fundamental elements of success, and personal insurance can play a pivotal role in reducing risk.

  • Scroll down to explore the types of cover to reduce risk and provide financial security.

  • Life Cover

    Life insurance can help your dependants cope financially after you pass on. Life insurance pays a lump sum in the event of your death, which can be used to pay off the mortgage or any other debts that may affect your family’s financial future, pay for funeral costs, pay for child care, school fees or home help to aid the surviving partner, provide a reserve to generate an income stream for your partner or family.

  • Income Protection Cover

    Income protection insurance can help you cope financially if you lose your income due to sickness or injury. You can cover yourself for up to 75% of your income in the event of a partial or total disability.

    Income protection insurance pays an income stream, which you can use to maintain a regular income through sickness and/or injury, retain the ability to pay your mortgage/rent, pay bills and other ongoing expenses, lessen the burden on your partner or family financially.

  • Critical Illness Cover

    Also known as trauma cover, this type of insurance covers critical illnesses such as cancer, heart attacks, coronary bypass surgery, or stroke. It is paid out as a lump sum payment to support you and your family and pay for medical and rehabilitation costs.

    You can use your insurance claim to pay for expensive recovery costs including rehabilitation, changes to your lifestyle, for example, to refit your home, enable your partner to reduce their working hours to look after you or, alternatively, to fund a carer, pay off your mortgage or any other debts you may have, cover the cost of extra childcare or housekeeping.

  • Total and Permanent Disability Cover

    Total and Permanent Disability (TPD) cover provides protection and peace of mind if you were ever to become totally and permanently disabled – think of it as supplementing your income protection. TPD is paid out as a lump sum payment to support you and your family and help you to cope financially if you are disabled and unable to work again.

    It can help pay for medical/rehabilitation costs, modifying your home, reducing your mortgage and other debts, or provide a reserve to use as an income replacement.

Insurance for your needs

There are various types of insurance policies that will help protect you from different events that may occur in your life. We will help you to choose the most relevant and applicable to your personal situation.

 

Peace of mind

Thinking about the uncertain future and how it will impact your finances and your loved ones may cause you to worry. With personal insurance in place, you can focus on living the life you want to live knowing that if the worst were to happen, you and your family would be protected.

 

PROTECT YOURSELF FROM RISK TODAY

We make certain that our clients have a financial safety net that is sound and secure. Having the right insurance plan that covers you and your family is the backbone of every successful wealth-protection strategy.

If you wish to know more, or if you want to book an obligation-free consultation related to insurance planning, please do not hesitate to email us at support@yourwealhthub.com.au or to call us on 0408 155 140. You can also use the form below.