TPD insurance provides a lump-sum payment if you become totally or permanently disabled. While you may not be capable of earning an income, you’re still alive and have expenses to cover. You can tailor the plan to your needs and the coverage level required is similar to life insurance.
Trauma insurance offers a lump-sum payout if you’re diagnosed with a critical illness like cancer, heart attack, or stroke. This financial cushion helps cover medical expenses during an stressful time. The coverage level is usually lower than TPD since you’re more likely to recover and resume earning.
Income protection insurance ensures you receive up to 75 percent of your current monthly income if illness prevents you from working. Payments start after a waiting period and continue monthly for a predetermined period. You can choose the waiting period and benefit duration, tailoring the plan to your needs.
For self-employed individuals, business expense insurance is invaluable. It provides revenue for your business if you’re unable to work. This coverage could be critical if you need to hire someone to manage your responsibilities while you’re unable to.
Finding the right insurance to safeguard your family can be confusing and overwhelming. Also, each policy has a list of pre-defined medical conditions that it covers so it’s critical that you understand what you’re purchasing. Your unique circumstances determine the insurance you need. Striking a balance between cost and coverage is crucial.
At Financial Spectrum, we take time to understand your needs and offer a comprehensive insurance analysis to identify the most suitable and cost-effective policies for your specific situation.
At Financial Spectrum, we assess the risks pertinent to your situation and guide you toward suitable insurance coverage. Striking the right balance between cost and benefit is our priority, making your money go as far as possible.
We understand that life insurance might seem like a significant expense with uncertain returns. However, the challenges of sickness, disability, or loss are tough enough without the added burden of financial stress. Clients who’ve faced illness have appreciated focusing on recovery, free from money worries. Those dealing with loss have found solace in avoiding financial strain on top of grief.
We operate commission-free, ensuring you get the right coverage for your specific situation that is affordable. Some insurance premiums, like income protection, are tax-deductible and others you can pay for through your super.
By entrusting risk management to experts, you’ll experience better sleep at night, knowing your family’s financial wellbeing is shielded.
We’re so confident about creating value for you quickly, that we guarantee it with a 100% money-back guarantee.
Find out how with your free strategy session.
We’re so confident about creating value for you quickly, that we guarantee it with a 100% money-back guarantee.
Book a complimentary financial strategy session.
Financial Spectrum Pty Ltd,
ABN 65 164 212 524
Corporate Authorised Representative of Climb Wealth Pty Ltd, Licence 409424
The Information provided is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information presented you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. We highly recommend you seek professional advice to check how the information relates to your unique circumstances. Financial Spectrum is not liable for any loss caused, whether due to negligence or otherwise, arising from the use of, or reliance on, the information provided.
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