Featured Article

Secure Your Future

At Lifewealth we believe risk management is as important for our clients and their families future security as wealth management. We now have the licence and in house skills to not just ensure your insurance strategies are appropriate but we can now implement them personally.

Consider this: if something happened to you which hindered your ability to earn an income, how far would that set you and your loved ones back?

Depending on your age, the cost wouldn’t be measured in thousands of dollars – it’s more likely to be in the millions. Your ability to continue to earn an income is by far your most valuable asset. It’s what makes your lifestyle possible.

If your income stream stopped suddenly, you may find that you:

• are unable to service your debt
• can’t pay for your children’s education
• disrupt your partner’s work, as they support and care for you
• jeopardise your retirement plans by cutting off your income prematurely.

In addition, you’re likely to incur additional expenses, such as rehabilitation and hospital care.

Fortunately at Lifewealth, we have a number of insurance solutions that could work for you and give you peace of mind in times of personal crisis.

If the unthinkable were to happen, we’d have you and your loved ones covered. We can now access a range of insurances designed to safeguard your financial future. The major areas are:

• Life Protection – pays a lump sum if you die or are diagnosed with a terminal illness.
• Total and Permanent Disablement Protection – TPD Protection pays a lump sum if you become totally and permanently disabled due to sickness or injury.
• Salary Continuance/Income Protection – replaces up to 75% of your monthly income if you become disabled through sickness or injury and are unable to work.
• Trauma Protection – pays a lump sum if you are diagnosed with a terminal illness or on the first occurrence of suffering one of the specified medical conditions.

There are many other insurance covers available where we can provide assistance.

We strongly suggest that you review your personal risk cover by contacting your Lifewealth adviser – they’ll be able to tailor an insurance package that will provide you and your family with confidence that, no matter what life throws at you, your financial future is secure.

Reality check – facts and figures

It’s all too easy to assume you won’t ever be affected by a long term illness, a total or partial disability or even premature death, but these statistics provide food for thought.

Did You Know

• Around 50% of Australians aged over 30 will suffer a major illness that can lead to long term disability and long term loss of income [1].
• More than 85,000 new cases of cancer are diagnosed in Australia every year [2]
• There are 28,000 hospital admissions for heart attacks every year [3]
• There are 21 accidental deaths in Australia each and every day [4]

1. National Centre for Social and Economic Modelling, ‘Income and Wealth Report,’ Issue 4, March 2003.
2. Australian Institute of Health and Welfare and the Australasian Association of Cancer Registries 2003. Cancer in Australia 2000
3. Epidemic of coronary heart disease and its treatment in Australia, September 2002 – Australian Institute of Health and Welfare
4. Australian Bureau of Statistics; Causes of Death December 2003. Cat. No.3303.0.