Wealth Protection

Northern Beaches Accountants – We Offer Wealth Protection strategies

Andrew McKee – Our Wealth protection associate will help you answer some important questions.

What would happen if you were injured, fell ill or died? No one likes to think about it, but have you considered whether your family would be protected? Could you get by financially if you were no longer able to work either for an extended period of time or permanently? And what if you died?

Wealth protection is an essential part of every financial plan. Without income, trauma, life and TPD insurance, the wealth you’ve built up can rapidly erode as a result of an accident or illness.

Andrew McKee can assess your personal situation and recommend solutions that best suit your needs. He can also review your current policies to ensure they continue to provide an adequate level of cover. This is particularly important if your financial situation changes and extended coverage is needed for additional family members.

Life insurance

Imagine leaving your family burdened with the debts you created if you died. Insuring your own life ensures you leave adequate resources to your family and dependants. You might be surprised how little that peace of mind costs.

Andrew McKee can recommend a product that is right for you.

Trauma insurance

Trauma insurance can provide a lump sum payment should you suffer from a number of medical conditions such as cancer, stroke, heart attack and coronary artery (bypass) surgery.

Trauma insurance can be used to take care of all your bills so you’re free to recover and get on with your life or pay for a long held dream. Your lump sum is paid on diagnosis of the covered illness.

Income Protection insurance

For most people, their income is their most valuable asset.

It’s essential to protect your primary source for maintaining and building your wealth.

Income protection policies can replace up to 75% of your gross income if you’re unable to work due to sickness or injury. That means if you could not work for an extended period of time due to accident or illness, up to 75% of your salary would usually be paid for, up to age 65 depending on the terms of your contract.

The cost of that peace of mind (income protection) is tax deductible.*

* This taxation information is based on the continuation of present laws and their interpretation and is a general statement only. Individual circumstances may vary. For further information, please consult our adviser Andrew McKee by contacting us on 02 9970 5267 or emailing paul.bailey@northernbeachesaccountants.com.au and requesting an obligation free inital meeting with Andrew

 

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