Wealth Protection

Generally, Australians are very good at insuring our possessions. We do not hesitate to insure our car or home, but as a nation we have an under-insurance epidemic when it comes to insuring our biggest asset – ourselves!

Hopefully nothing ever happens to us but if it does, a comprehensive wealth protection plan with appropriate insurance can protect your lifestyle, and all that you have worked hard to create.

Many Australians think they have insurance inside their Superannuation funds, and whilst this is often true, many of our clients are surprised at how limited and basic their existing insurance is. Metis Wealth Management advisers can help to review your existing cover and have a conversation with you about its appropriateness.

Understanding life insurance can be complicated. We look forward to simplifying things for you and helping to make sure that you and your family are well protected, no matter what life throws at you.

Income Protection insurance protects your income if you are unable to work due to an injury or illness. These policies can pay you up to 75% of your gross annual income, which helps to cover your living expenses such as a mortgage, groceries, school fees and general day to day costs of living.

Income Protection policies have defined waiting and benefit periods, which we can discuss with you to ensure you implement an insurance policy suited to you and your specific needs.

Life insurance provides peace of mind by paying a specified amount to your loved ones, ensuring they are looked after in the event of your death.

Life insurance is essential if you have debts and/or a family to take care of.

TPD (Total and Permanent Disability) insurance provides a lump sum if you become permanently disabled, and generally means that you are unable to work again in your current job, or a job that have trained for. A lump sum payment at this time may help to eliminate debts, pay for medical and rehabilitation expenses and as with life insurance, TPD cover is essential to those of us with debts and a family to support as most of us do not have enough savings to cover these costs.

Trauma insurance provides a lump sum if you are diagnosed with a specific illness covered under the insurance policy (these include many conditions such as cancer, severe burns, loss of limb, open heart surgery, Parkinson’s disease, stroke and heart attack). Trauma insurance is extremely beneficial if diagnosed with a critical illness as it will provide a lump sum to pay for medical expenses, possibly clear some debt and support your family during a very difficult time.

It is every parent’s worst nightmare, and whilst we cannot help with the emotional challenges that you face if your child suffers a critical illness, we can help to provide some financial security. Child trauma insurance provides a lump sum that helps with medical expenses, and allows you to take time off work to be with your child without any financial stress.

What would happen to your business if you were to die, become permanently disabled or need time off work with an injury or illness?

If you were to pass away, would your business partners be able to pay out your share of the business to your family?

Metis Wealth Management advisers can provide advice to ensure that you, your family and your business partners are all taken care of and properly insured.

Income Protection

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