Why is it that so many people don’t insure themselves yet insure their possessions? Surely you the person are your own or your family most valuable asset. Imagine if you were unable to work for an extended period due to injury or illness. How would you pay the mortgage and meet your living expenses? Preparing for the unexpected makes sense. Personal insurance gives comfort to your dependants and peace of mind to oneself.

At Q Advice we can help you to best structure your insurance by:

• Advising on the types of personal insurance appropriate to your specific need such as protect yourself, your family and even your business 
• Determining a level of personal insurance cover to meet your requirements
• Assisting with business succession planning
• Insurance premiums structuring and tax–effectiveness.

Types of personal insurance

• Life insurance - pays a lump sum on death or terminal illness to help support those dependant on you to maintain their lifestyle or pay out debt.
• Total and permanent disability insurance - pays a lump sum to help support your living standard if you are totally and permanently disabled due to illness or injury.
• Income protection insurance - pays a monthly income to help support yourself and your dependants if you are temporarily unable to work because of illness or injury.
• Trauma insurance - pays a lump sum to help support your recovery if you are diagnosed with a specified major medical condition (eg heart attack, stroke or cancer).

Insurance in Super

• Personal Insurance can be purchased within superannuation which may attract tax concessions on the premiums possibly making it a cheaper option.

If you would like to speak to us about any aspect of your financial situation, please contact us.