Wealth Protection
Wealth protection is one of the cornerstones of financial security. Without adequate risk protection the realisation of financial goals may never be reached in the event of death, injury or illness.
In ensuring you have adequate coverage, insurance payments can significantly reduce the emotional and financial stress should such an event occur.
Insurance is an essential part of planning for a secure financial future as it creates a safety net for you and your family.
The different types of insurances available are:
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Income Protection – Replacement of up to 75% of your income if you are unable to work due to illness, sickness or injury.
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Term Life and Total and Permanent Disability – A lump sum payout, designed to relieve the financial burden on your partner or family in the event of death or total permanent disability. This insurance can be used to remove debt, replace income, and pay for medical bills or education/childcare expenses for the children.
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Critical Illness (Trauma) – This is designed for short term medical sicknesses or illnesses such as heart attack, cancer or stroke.
It is a lump sum payment that is designed to provide short term financial relief based on medical diagnosis, irrespective of an individual's capacity to keep working or carry out daily activities.
How can Ark Total Wealth help you?
Ark Total Wealth can complete a detailed analysis which will help you determine the appropriate amounts of cover required to adequately protect yourself and your family, now and in the future. Once this is determined, we can then choose the most appropriate policy for you and the best structure to hold this policy (i.e. in your own name, Superannuation or Self Managed Superannuation Fund).
