Many people spend most of their lives without some form of insurance to protect their future. We will insure our house, our contents or our car but we choose not to insure our most precious asset – ourselves. We do not see the need for personal insurance as our mindset is “it won’t happen to me”. Insurance, however, plays an important role and should not be overlooked in any regard. It allows you to gain peace of mind and to know that if any unforeseen circumstance arise both you and your family will be looked after.
The market leading trauma products available today cover an extensive range of trauma events and illnesses. When selecting trauma cover it is important that you ensure the product covers the conditions that are of most concern to you. This may be due to your family’s medical history, your occupation or pastimes.
There are instances when a Trauma benefit will not be paid. In some cases it will not pay a benefit based purely on the happening of a trauma event or diagnosis of an illness. Your illness or event may need to be advanced to a certain stage before a benefit is paid.
Personal Insurance includes Life Insurance, Disability Insurance, and Trauma Insurance. See the most FAQ’s on each type below.
When won’t my policy pay a benefit?
How much cover is required?
What determines the cost of the premium?
How much TPD Insurance Cover is required?
Why purchase TPD cover if I have Trauma Cover?
Why won’t my policy pay a benefit?
How much cover is required?
The idea of managing your own superannuation money seems like common sense. At WRS we have over 20 years of helping our clients establish and manage their SMSF’s. The compliance and regulatory requirements placed on trustees is onerous. Ensuring that your fund is compliant, decisions accurately documented, and strategies implemented within the letter of the law is just the beginning.
There is an idea out in the community that Superannuation is an investment of its own. It is spoken about as if it were an investment. My super made money last year but lost money the year before. This is inaccurate and I will tell you why. Super is a vehicle. It’s not an investment.
At WRS we take a staged approach to financial planning for our clients. We determine where the priorities are and then break down how we achieve those priorities. We take into consideration minimising tax payable and selecting assets that are relevant to your income or growth needs.
Our expertise in life insurance goes back over 20 years. Whether you need to protect your family or your business, WRS have the knowledge to ensure that you get the advice that fits the need.
If you are still reading then maybe you should consider either reviewing your existing income protection or taking out an income protection policy.
If you do not have a policy then let us explain what it is. Income protection keeps your income coming if you are injured or ill and unable to work.
At WRS we subscribe to the Warren Buffett approach in regards to investments. In recent commentary Warren Buffett recommended his wife , on Warren’s passing, direct a great deal of his monies to index investing. At WRS this has been our approach for over a decade.