insurance: personal and business

Our review will establish whether further insurance or a different policy is more suitable.

Term/Life Insurance and TPD (Total Permanent Disability)

Life insurance is pure financial protection against death and total permanent disablement. The cost of premiums depends on the type of cover selected. Stonebridge Wealth Solutions can help you conduct regular reviews of your level of insurance cover and establish whether further insurance or a different policy is more suitable to your needs.

Stonebridge Wealth Solutions will structure your cover to take advantage of any tax concessions that may apply. We will also consider:

• Your current assets and liabilities
• How much your family would need to maintain their desired standard of living
• Costs of a housekeeper, day care, etc. should these services need to be replaced
• Costs of caring for you as a totally and permanently disabled person

Trauma or Crisis Insurance

Trauma insurance provides a lump sum payment following the diagnosis of an injury or illness. It will help you cover the cost of most medical bills, treatment, financial hardship; changes to lifestyle and loss of income. This protection is worldwide and may also incorporate death cover and total disability as an optional extra.

Income Protection Insurance/Key person Insurance

The chance of being disabled by illness is 33 times greater than by accident. In fact, one in three Australians will suffer a long-term disability or sickness. There is no guarantee that your employer will pay your salary indefinitely if you are disabled (usually up to two years) and worker's compensation may not apply, or may take years to settle. Even if you are eligible, Government benefits will not maintain your standard of living.

Protecting your income through insurance is critical. Stonebridge Wealth Solutions can help you select the best income protection insurance for your needs, ensuring a regular flow of income, usually for up to 5 years or even to age 65 years. And because this type of insurance is to protect your taxable income, premiums paid are fully tax deductible.