Personal Life Insurance

Life Insurance

Life cover provides financial security for your family in the event of your death, with a lump sum payment or instalments. This could help loved ones pay off the mortgage and other debts, provide for your children’s education, or cover living expenses.

Total & Permanent Disability

Total and permanent disablement cover (TPD) provides a lump sum or instalments, if you are permanently unable to work or potentially look after yourself due to illness or injury.

Trauma Cover

Trauma protection provides a lump sum payment if you are diagnosed with one of a range of specified conditions including cancer, heart attack and stroke. This could contribute to maintaining your lifestyle under changed circumstances.

Income Protection

Income protection insurance protects your ability to earn an income. This cover can provide up to 80% of your regular annual pre-tax income as a monthly payment, if you are unable to work due to illness, accident or injury. In most cases, insurance premiums can be claimed as a tax deduction.

Insurance through Self-Managed Super Funds

Part of the Trustee’s responsibility is ensure the members are adequately insured, ask us how your SMSF can own policies that can help you if a member were to suffer a major medical event. Most trustees spend time considering and investigating their investment assets but forget they have an obligation to ensure they consider insurance options for their members. If you are an SMSF trustee and need a review of your member’s insurance requirements call AdviceWest and we can talk through how this can be best achieved.

To discuss your personal life insurance needs please contact one of our qualified Financial Advisers at AdviceWest on 08 6275 7704.