Our advisors in this division specialise in structuring,
maintaining and managing insurance protection plans for the firms
new and existing clients. We are passionate about helping ease the
financial burden and worries for our clients in their time of need.
Services include:
* Identify the needs and then structure a personalised
'Wealth Protection Plan’ for you, your family and/or business.
Building structured advice around the needs of individuals and
business to ensure that in the event of the illness, injury or death
you are left no worse financially had the event not occurred for the
now and future. This level of advice is a specialised area with many
component of your personal situation being assessed in the creation
of a personalised protection plan.
* Review all client’s policies annually.
We provide annual reviews on all our client’s insurance contracts
to ensure they still meet your needs for the short/long term at no
additional cost.
* Managing the process between you the client and the insurer
– at application and claim
Meeting insurer’s requirements is a very labour intensive
process! Rather than you having to manage this process we do it on
your behalf with your only requirements being attending blood tests
and providing financial information if required.
At claim time we understand it’s important for you to concentrate
solely on your recovery, your family and/or business if there has
been major illness, injury or death. We will help manage the claim
process and act on your behalf should you wish.
* Group insurance policies for small to large organisations.
Should you want to add benefits to your valued employees you may
choose to implement a Group Insurance Policy Plan which allows your
employee’s access to Life, Total and Permanent Disability and Income
Protection policies at a Group Policy premium rates. This is also a
great way to ensure all valued members of your organisation are not
left in an unfortunate financial situation should they be absent
from the work place for a lengthy period of time due to illness or
injury.
* Administer policies and manage the complex process for
Buy/Sell Agreements and Business Succession.
A buy/sell agreement allows for the insurance proceeds to fund
the sale of the deceased or disabled party’s interest under the
terms of a Business Succession planning arrangement. This is to
ensure that the surviving parties own all of the business and the
estate (or disabled party) receives a fair price for their interest
in the business in a timely manner.
The complexity is in the structuring – ownership of the
policy, what the funds will be used for and Tax Issues associated
with the transfer of ownership, and most importantly to ensure an
arrangement is made where all invested parties are clear and
understand the agreement.
* Provide advice on Key Person Insurance within
organisations.
The insurance proceeds are to provide funding for the business to
overcome the economic effect of the death/disability and critical
illness of a key person.
A Key Person within an organisation would be considered as:
Founder of the business
Director of the business
Manager of the business
Employee who possesses particular skills.
Accessing the following traditional and innovative
insurance contracts:
* Life Insurance
Pays a lump sum amount on death or the diagnosis of a terminal
illness.
* Total and Permanent Disability
Pays a lump sum amount in the event of you being deemed unable to
work again due to injury or illness which has resulted in Total and
Permanent Disability.
* Trauma insurance
Pays a lump sum on the diagnosis of a trauma or critical illness,
such as but not limited to Heart Attack, Cancer, Stroke, Paraplegia
and Quadriplegia (based on the insurers policy terms- these differ
for each insurer).
* Income protection Insurance
Provides you with a monthly benefit of 75% your income (agreed
contract) of you are unable to work due to illness or injury past
your chosen waiting period for the length of the waiting period also
chosen. In most cases you will also have the ability to insurer your
superannuation contributions.
* Business expenses
Provides a cash injection into your business to ensure the fixed
costs of the business are meet while your unable to generate an
income that would normally provide this.
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