Personal Insurance

The objective of Personal Insurance is to protect you and your family against financial loss and to provide peace-of-mind that your lifestyle commitments could still be covered if the unexpected happens.

When recommending coverage, we take into account your current financial position, your lifestyle requirements (e.g. private schooling for the kids), implications to cash flow (e.g. potentially structuring certain insurance within superannuation) and tax minimisation. Once coverage is in place, regular reviews are important to ensure that the cover remains relevant for your circumstances.

Types of Personal Insurance

Personal Protection

 

 

 

 

 

 

 

 

 

Life Protection
  • Paid on death or terminal illness
  • Provides funds to extinguish debts and ongoing income to support dependants
TPD Protection
  • Paid where individuals are ‘unlikely’ or ‘unable’ to ever work again
  • Provides funds to extinguish debts in the event of Total & Permanent Disablement (TPD) and provides ongoing income to support lifestyle requirements
Trauma Protection
  • Paid on diagnosis of a specified condition e.g. Heart attack, breast cancer
  • Provides a lump-sum to deal with an unexpected ‘crisis’
  • Paid either as a full or partial payment depending on the severity of condition
Income Protection
  • Replaces up to 75% of ongoing income if unable to work due to a sickness or injury
  • A full or partial benefit is available depending on the severity of disability
  • Provides rehabilitation & ancillary benefits

Other services offered by HPH Solutions