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protect my family assets
Whether you are single, married, or even managing a busy family, having the right insurance provides great peace of mind.
Insurance is the safety net for when things go wrong. If you have insurance, the cost of repairing your car, getting medical treatment, changing your travel plans etc, can all be softened.
There’s a lot of insurances that are available so you can find the right policy to suit your needs.
Car insurance
Compulsory third party (CTP) insurance is an important type of car insurance, which covers death and injury should you have an accident.
Other types of car insurance include:
- Third party property insurance - this covers damage to other people's property
- Third party, fire and theft insurance – this covers any damages to other people's property, and has limited cover for damage to your own car (which is caused by fire or theft)
- Comprehensive insurance – If your car is in an accident, comprehensive insurance covers damage to your car and other people's property
Home and contents insurance
Home insurance covers any damage to your property and your and/or possessions in the home.
There’s 2 types of home building insurance:
- Total replacement cover – covers all the costs to rebuild or repair your home
- Sum-insured cover – covers you for a set amount to repair or rebuild your home.
There are a few considerations to be mindful of:
- Is your home in a “risky” area?
- Check what the policy does and doesn't cover
- Check the policy pays out enough to fix your home
- How many insurance quotes should you get?
- Don't just compare price
Life insurance
If you or your spouse died or became seriously ill and were unable to work, how would this impact your family? Would they be able to survive? Life insurance ensures you have the money needed to provide for your family in critical times.
There are different types of insurance cover you need to be awere of:
Life cover – (AKA life insurance) is a lump sum amount of money in the when the insured person dies.
Total and permanent disability (TPD) cover – this cover helps take the pressure off if you become permanently disabled by covering the rehabilitation costs, debt repayments and livings costs.
Trauma cover – is cover for if you get diagnosed with a critical illness (such as cancer, or a stroke).
Income protection – is cover for those who are incapacitated and become unable to work (through sickness or injury)
There are a few considerations to be mindful of:
- You must disclose any pre-existing medical
- Be aware of how much life insurance you actually need
- Shop around on policies instead of renewing your existing policy
- Get 3 online quotes
Other types of personal insurances you might want to consider include:
- Travel insurance - protection you are travelling
- Health insurance
- Mobile phone, tablet and laptop insurance
- Pet insurance
Explore these Altus services which are best aligned with your goal
Retirement should be one of the most rewarding parts of life’s journey – a time when we finally get to enjoy our achievements and spend more time with the people we love. And the plan for a better tomorrow starts today.
The truth is the sooner you start to plan for retirement, the better your options are. Our expertise in retirement and superannuation planning, includes specialist knowledge of wealth management and self-managed super funds (SMSFs), and automated online tools like Altus Exchange, all in one place. By planning your retirement early, we can help you towards the retirement lifestyle you deserve.
Estate planning is about a lot more than having an up-to-date will. A good estate plan will structure your estate so you can distribute your assets according to your wishes, protect your family’s interests and minimise tax. If you have assets of any kind, you really need to consider an Estate Plan.
Initial advice
The way we work is to start with a blank canvas, and help you realise your masterpiece. We will create a strategy that’s right for your situation, so you can achieve the financial goals you’ve pictured.
Ongoing service
Once you have your financial plan, your adviser will periodically “check in” with you and review your progress towards your goals. This is particularly important as it keeps your financial plan on track, updated and tailored to you.
Major changes or lifestyle change?
Whether it’s a change in your personal life, such as having a child, economic environment changes, or you have changed Lifestage, we are always evaluating our advice, to ensure it suits your new situation.
Your Ongoing Service Program is designed to be relevant to the goals you are trying to achieve, the stage of life you are at and the complexity of your personal situation. This means if there are any major changes in your lifestyle this will impact your current advice and plan, and therefore, your level of ongoing service, sometimes a new plan is needed.
Back on track
When we review your progress, we will help you make informed decisions about whether any changes to your plan are required.