Wealth Protection

WEALTH PROTECTION

A good financial plan, designed to build and preserve capital, is off little value if it does not provide financial protection in the event that your income ceases.

Most people recognise the need to insure their cars and homes, but often place less importance on their greatest assets - their lives.

We use a six step process that helps you take a 'big picture' look at where you are and where you want to be financially. By determining your life stage and your attitudes to risk, we can determine an appropriate protection strategy.

INSURANCE

You work hard to build your assets - so it would be silly not to protect them.

ESTATE PLANNING

Planning for the unexpected becomes more important when you've got others depending on you. Seeking and implementing advice can provide peace of mind.

  • Trusts
  • How do I distribute my estate fairly to my family and other beneficiaries?
  • Creating your estate plan together with your accountant and solicitor.
  • Binding nominations versus Trustee decision.
  • If something happens to me, who will look after my children?

PLANNING FOR A BRIGHTER FUTURE

Planning for your financial future should be a positive experience and that's where we can assist. We can help you work through your financial goals and objectives to identify your options and provide you with tailored solutions. By taking control, you increase the likelihood that you will achieve your financial goals.

No obligation, just an offer to see how we can assist.

WHO NEEDS IT?

DEATH & TPD COVER - anyone who has debt and/or financial dependencies. Death & TPD cover provides a lump sum payment that can be used to:

  • Clear your debts allowing you to pass on the full value of your assets to your loved ones
  • Generates an income stream so your family maintains their current standard of living

INCOME PROTECTION COVER- anyone who is employed or self employed. Income Protection cover allows you to receive an income (maximum 75% of your pre-tax income) if you are unable to work due to illness or injuty. This allows you keep paying your mortgage and maintain your family's lifestyle while you recover.

CRITICAL ILLNESS COVER - anyone who has debt and/or financial dependants. Critical illness cover will pay a lump sum if you are diagnosed with one or more serious illness as such as cancer events, coronary events and other serious crisis events. By using this cover, families can receive a lump sum upon the occurrence of one of these events. This lump sum can be used to help meet a range of medical costs associated with ongoing treatments, reduce outstanding debt or pay additional costs such as child care and housekeeping while you recover.

BUSINESS EXPENSE COVER - business owner with fixed business expenses and overheads. Business Expense cover will allow you, the business owner, to keep on the top of your ongoing fixed cost obligations if you are unable to work due to illness or injury. This can keep your business afloat while you are recovering.

KEY MAN INSURANCE COVER - business owners with key employees or business partners Intellectual capital and leadership is the key to success of any business. The loss of a key employee or business partner may lead to considerable costs being incurred through loss of revenue and profit plus the time to recruit and train a replacement.


WEALTH ACCUMULATION

You've built your career to a point where you are really starting to make some headway. Life is getting busy though - a new relationship, starting a family and raising the kids - not to mention committing to and paying off that mortgage.

WEALTH PROTECTION

A good financial plan, designed to build and preserve capital, is of little value if it does not provide financial protection in the event that your income ceases.

WEALTH TRANSFER

Talk about change - you've seen it all, and what you haven't seen isn't worth seeing. You've raised the kids, helped them move out of home (and back in again at least twice) and worked hard to get them married and settled.

WEALTH MANAGEMENT

It is essential that your financial strategy is reviewed and refined regularly to ensure you stay on track and that your goals are achieved. Your plan should be adjusted to take into account changes.

Customised Wealth Strategies Pty Ltd ABN 74 147 806 095 Corporate Authorised Representative Financial Services Partners Pty Ltd *Jason Woolford Authorised Representative Financial Services Partners Pty Ltd

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The information (including taxation) in this website is general advice only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this advice you should consider the appropriateness of this advice, having regard for your own objectives, financial situation and needs. you should seek personal financial advice from a qualified financial adviser before acting on the advice.