Life insurance and Total and Permanent Disability (TPD) cover serve as essential safeguards for various life circumstances. Whether you have debt or are provider for your family's future, ensuring adequate coverage is essential to limiting the impact a significant health event can have on your family financially.
Unexpected events like Total and Permanent Disablement can lead to substantial expenses such as medical bills and home modifications for accessibility. Our tailored Life and Disability insurance solutions offer peace of mind, protecting you and your loved ones during challenging times.
With our assistance, you can determine the appropriate level of protection and identify insurance providers offering comprehensive coverage at competitive rates. We strongly recommend that you organise a no cost consultation for us to discuss your protection needs.
Protect Your Loved Ones: Life and Disability Insurance.
Unexpected life events or work-related incidents can disrupt your financial security by not enabling you to work and earn an income. This risk helps to provide a reliable income source during periods when you can't work for prolonged periods of time. Income Protection offers essential coverage, ensuring a steady income stream to cover living expenses and financial commitments.
Our tailored approach to income protection enables us to craft a cover that aligns with your specific needs and financial situation. If securing your income against unforeseen risks is a priority, contact us to discuss your options.
Plan for the Unknown: Income Protection Insurance.
When dealing with a serious medical event or diagnosis, Trauma cover becomes a crucial financial safeguard. This cover provides a lump-sum benefit to address immediate medical expenses, settle short-term debts, and provide financial support during recovery. Critical Illness Trauma policies often cover conditions such as cancer or stroke, depending on severity.
However, it's vital to seek professional financial advice before purchasing to ensure adequate coverage. Our team is dedicated to helping you find a reputable insurer offering quality coverage at a price point that fits your budget.
Peace of Mind: Trauma Insurance.
The dependence on key individuals within a business introduces a substantial risk to its revenue and capital value. Whether it's the business owner, key salespersons, technicians, or managers, their absence due to unforeseen circumstances such as death or disability could lead to financial hardship and hinder the business's progress. Additionally, such events could have implications for the personal and family financial objectives of the business owner. To address these risks, businesses often secure insurance coverage on key personnel.
Crucial factors to consider include lost revenue, recruitment expenses for replacements, outstanding debts, and the preservation of goodwill upon the departure of key personnel. If you or your employer are in this situation, contact us for a free conversation to see how we can help.
Protect Your Business: Key Person Insurance.
Navigating buy/sell agreements within businesses entails intricate planning and execution. These agreements necessitate a robust funding mechanism, often fulfilled through insurance solutions.
When leveraging insurance policies to support buy/sell arrangements, several crucial factors come into play. These include aligning with the agreement's requirements regarding coverage type and amount, determining policy ownership, evaluating income tax implications such as premium deductibility, and understanding the capital gains tax impact on the proceeds.
While this area of insurance can be complex, it holds immense importance for many businesses. To explore your options and receive tailored guidance, we invite you to schedule a consultation with us to see how we can help you.
Secure Your Business: Buy/Sell Insurance.
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Disclaimer and General Advice Warning
This information is general advice. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision. You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication. To the maximum extent permitted by law, no person including Alliance Wealth Pty Ltd nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. It is based on our understanding of regulations and laws as at the publication date. As these are subject to change you should talk to a professional adviser for the most up-to-date information.
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