PERSONAL INSURANCE
This type of insurance is designed to offer financial piece of mind for you and your family, providing a lump sum payment in the event of death or terminal illness.
There are four “types” of Personal Insurance –
Life Insurance
This type of insurance is designed to offer financial piece of mind for your and your family, providing a lump sum payment in the event of death or terminal illness.
Total and Permanent Disability
This insurance provides a lump sum if you become totally and permanently disabled and, because of an illness or injury, are unable to work.
Critical Illness
Also called trauma cover, this is designed to provide a lump sum in the event that critical illness strikes, including lifechanging illnesses such as cancer, a heart condition, a major head injury or stroke.
Income Protection
This type of insurance pays part of your income if you’re unable to work, helping to pay the bills whilst you focus on getting better.
CLAIMS ASSISTANCE
We believe that our vigorous research approach prior to taking out a policy enables clients to have the best possible outcome,should they ever find themselves in need of claiming.
We understand that clients and their families have better things to focus on than paperwork at such a stressful time, so our claims service is very hands on, taking as much of the paperwork and associated stress away from claimants as possible.
This service is open to everyone, not just existing clients, with fees dependent on the level of complexity involved in each case.
Speak to us if you need assistance with your claims process.
SUPERANNUATION AND PRE-RETIREMENT PLANNING
Superannuation is one of the most common (and tax effective ways) of building wealth for your retirement. Many Australians are now free to choose their own superannuation funds instead of automatically becoming members of their employer fund, but it’s important to choose the right one for your circumstances.
Even though retirement may seem like a long way off, putting money into super now is still a key way to invest for the future, with limited impact on your current lifestyle.
Some types of contributions you make, and the investment earnings on those contributions, are taxed at concessional rates, making super not only a tax effective way of saving and investing, but you can benefit from the effects of compounding returns.
ALLOCATED PENSIONS
With an Allocated Pension, you can draw a regular income from your super savings once you have satisfied a superannuation condition of release, such as retiring after reaching your preservation age (usually between 55 and 60). You may be able to also make lump sum withdrawals.
Think of it as a regular wage again, but this time from your super account instead of your employer.
INVESTMENT PLANNING
At Personal Lifestyle Planners, we strongly believe that when looking long term, investment markets trend upwards. We also accept that in the short term we have no control over the direction and volatility of investment markets.
Having a diversified portfolio ensures a client does not have all of their assets exposed to one asset class. This is important to us, because history proves that events such as property bubbles bursting, share-market corrections, and interest rate fluctuations affecting income from some fixed interest investments can, and do, happen.
Having a short-term investment horizon may dictate that the money is placed in less volatile investment products than the share market.
Talk to us about your Investment options.
FINANCIAL PLANNING
Everyone’s financial strategy is unique as we all aim to achieve different things in life. At PLP, we take the time to look at your situation, discuss your options, and plan together the road map to get you there.
Common reasons for reassessing your financial strategy include:
- Marriage or separation/divorce
- Changing jobs or unemployment
- Managing debtand budgeting efficiently
- Wealth creation and wealth protection
- Super Management
- Preparing for retirement
- Global trend changes and pandemics as we have recently encountered
Due to the complexity of financial markets, superannuation and tax laws, it can be difficult to navigate without professional advice. With this in mind, we want you to be comfortable discussing sensitive information with your Personal Lifestyle Planner and spend the time building a relationship with you so you are confident in your decisions.
