Personal insurance – vital for your financial wellbeing
An integral component of your financial strategy is protecting your personal and financial wellbeing from the impacts of illness, injury, permanent incapacity, traumatic illness and death.
While many people consider personal insurance to pay out a mortgage should they die, fewer consider the significant financial impact disability or serious ongoing illness could cause to them and their family.
Suffering a disability, trauma or serious ongoing illness will generally reduce your ability to earn an income. In most cases, this leads to drawing on savings or home equity to cover medical and daily living expenses.
This can significantly impact on your future saving capacity, reducing your capital available for retirement, and may permanently reduce your planned standard of living.
How we can help you
Our specialist Insurance Advisors can help you and your family by:
- structuring an insurance package to maximise tax concessions and incorporating your cashflow requirements
- recommending the most appropriate and affordable insurance package from top rating insurance providers
- working with you to arrange insurance cover allowing for any existing medical conditions or non conforming employment arrangements
- arranging insurance to meet the needs of business owners, and
- structuring ‘whole-of family’ insurance packages within your SMSF to protect each generation - from young adults starting work, to young families, through to retirees.
Your personal insurance consultation
During a one hour insurance-only consultation, your Financial Advisor works with you to calculate an appropriate amount of cover. We consider any existing policies you have, including those forming part of your employment arrangements – such as defined benefit death or disability pensions.
Following your consultation, you receive your recommendations in a Statement of Advice.
Your Statement of Advice outlines the types and level of cover recommended and the premiums, including commissions, payable. An explanation of how these levels of cover have been calculated and the cashflow impact is also included.
Read profiles of our specialist Insurance Advisors who can help you protect your wealth.
Learn about building your wealth.
Learn about planning your retirement.
Contact us about protecting your wealth.
“We have been most satisfied with all aspects of Dixon Advisory’s service… The financial advice provided by our advisor has proved invaluable.” Barbara Trewin & Anthony Pelling 2010 Read more testimonials >>