Insuring a car, house or its contents for most, is an obvious form of protection from financial loss, but what about asset protection, your ability to earn an income and even yourself? Without adequate protection of these things, in the event of an unexpected illness, accident or job loss you may not be able to afford to run a car, pay your mortgage or buy contents for your house.
As your assets grow and your family grows the level of any potential loss also grows. Wealth protection ensures you have effective cover in place to manage the unexpected.
MyState Wealth Management provides professional, tailored advice on the four major types of wealth protection:
- Life Insurance
- Income Protection
- Total and Permanent Disability
- Trauma Insurance
In the event of your death, life insurance will assist in asset protection by providing your family with financial security.
Income Protection
In the event of illness or disability, income protection will assist in asset protection and paying your bills and loan repayments if you’re unable to work over a period of time.
Total and Permanent Disability
Total and Permanent Disability insurance covers you if you are unable to work permanently due to sickness or illness. It differs from Income Protection Insurance in that you must be permanently disabled rather than absent from work for a period of time.
Trauma Insurance
In the event of you suffering a specified medical condition (such as a heart attack), trauma insurance provides a lump sum payment.
Find out more
To find out more about our wealth protection services, contact us on 1300 651 600 or make an appointment with a MyState Wealth Management Financial Planner.
Read more about the benefits of financial planning.
Read about our financial planning process.
Read about our Financial Planning team.