Insurance Advice

While many Australians insure their car, home and contents, their most valuable asset is often overlooked – themselves.

If something unexpected were to happen to you or your spouse, how would your family be affected financially? Could your debts be repaid? Where would the family’s new source of income come from? Would you, or could you, cash in your assets?

Liberum Financial can provide you with personal insurance advice to financially protect yourself and your family in case anything unforeseen happens.

How much cover should I have?

The types of insurance and amount of cover required differ for everyone. Essentially, you need cover to provide you with enough funds to maintain you and your family’s current lifestyle. We can advise you on the right amount of cover to suit your personal circumstances.

What types of cover are available?

There are a number of different types of personal insurances that we may recommend to you, depending on your personal situation:

Life Insurance

Life Insurance provides a lump sum payment for your family to ensure the plans you had for them can be achieved in the event of your death. It also enables the financial obligations of your business to be met.

Total & Permanent Disablement Insurance (TPD)

Total & Permanent Disablement Insurance provides a lump sum payment if you suffer an illness or injury and are permanently unable to work. This will help you maintain your current lifestyle while paying the additional expenses that arise as a result of an ongoing illness or injury.

Income Protection Insurance

Income Protection Insurance provides a regular earnings replacement if you suffer an illness or injury and are temporarily unable to work. This will help you maintain your and your family’s lifestyle until you are able to return to work.

Trauma Insurance

Trauma insurance provides a lump sum payment if you suffer one of a list of major medical traumas (cancer, stroke, heart attack, etc) and will help you obtain the best medical and rehabilitation care and also give you the financial resources to make changes in your life as a result of the trauma.

Business Expense Insurance

Business expenses insurance reimburses the owner of a small, self-employed business for ongoing, fixed business expenses that continue to accrue while the owner is unable to work because of an illness or injury.

Buy/Sell Insurance

Buy/Sell Insurance provides a funding mechanism for the continuing owners of a business to purchase the share of an exiting business owner due to death or disability. This type of insurance is used in conjunction with a buy sell agreement.

Key Person Insurance

Key Person Insurance provides a lump sum payment to a business in the event of the death or disablement of an employee whose knowledge, work or overall contribution is considered uniquely valuable to the company.

What sort of insurances will Liberum Financial recommend?

The types of insurance and amount of cover required differ for everyone. Essentially, you need cover to provide you with enough funds to maintain you and your family’s current lifestyle. We can advise you on the right amount of cover to suit your personal circumstances.

If you’re interested in finding out about what your premium saving might be, simply complete the form below and one of our team will get back to you.

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