Protecting Wealth

Protecting Wealth

Protecting your wealth starts with protecting yourself. Your ability to earn is the most precious thing in the world after family.

There are two ways to protect your wealth:

  • protect your ability to generate it; and
  • reduce the risk of loss due to poor decisions, redundancy or other circumstances.

The 3 Pillars of Protecting Your Wealth

We don’t like Mondays, but not being able to turn up at all is devastating. Insuring yourself makes sense. If you can replace what you can’t earn because you have had an accident or are suffering from an illness, you can focus on getting better while still meeting the commitments that don’t stop when work does. Whether you are single or have a family, personal insurance protects you against the unexpected in these ways :

Life Insurance
Pays a lump sum upon death or terminal illness – it could pay off the mortgage, help educate the kids and provide for the family or even pay for your “bucket list”.

Total & Permanent Disablement Insurance
If you can no longer work due to illness or injury, this cover provides you with a lump sum which can be used to generate an income or adjust your living situation to suit your new needs.

Trauma Insurance
At a time when you are facing a major medical condition such as a heart attack or cancer, this cover pays a lump sum. You can choose what you do with these funds – for instance seek more treatment or pay off the mortgage – it is up to you.

Income Protection
Your ability to earn is your greatest asset and if you have run out of sick leave then you may be faced with no cashflow. This insurance covers up to 75% of your income so that you can cope financially while dealing with illness or injury.

We can help:

  • Calculate what cover is right for you and discuss what cover you will be happy with
  • Determine the best ownership structure
  • See how the cost fits into your cashflow, tax situation and other objectives

Protecting your wealth involves wise and level headed investment strategies that match your life stage and appetite for risk.

We can help:

  • Educate you on the investment universe, recognising your previous experience
  • Determine the best ownership structure
  • Advise how to access these investments (i.e. directly or via managed funds)
  • Research returns, management and style of each investment
  • Structure your investments to reflect both what you want to achieve and the risk you are prepared to take
  • Provide diversification in your portfolio
  • Identify the impact on your taxation position
  • Facilitate the investment on your behalf
  • Help keep a focus on your goals

Every circumstance is different, so that’s why we research so many investment options. When you want guidance and a strategy that suits your needs, we’re here to work as hard as your money.

Protecting your wealth through the ups and downs of life is much easier when you have someone by your side to help give you clarity in times of high emotion and stress. Redundancy is one of these times.

We can help with:

  • Deciding what to do with any payout you might receive
  • Help you understand your eligibility for social security benefits
  • Advise you on how to adjust your strategy based on your new situation

More information on this can be found in:

Wealth Protection & Insurance
Redundancy Package Advice
Review and Monitoring