WEALTH PROTECTION

Life is full of surprises. Regardless of our best made plans, disaster can strike at any time – causing emotional heartache and financial stress for those affected.

It’s not something we like to think about, but the reality is that illness, injury and death are facts of life. An unexpected illness or injury which could affect your ability to earn an income - potentially throwing you and your finances, and the financial wellbeing of your dependents, into turmoil.

At Adams Financial Services we believe that insurance is the cornerstone of a sound financial plan. Insurance cover that’s appropriate to your needs and circumstances offers the peace of mind that you and your family will remain financially secure should the unexpected happen. And while no amount of money can replace a loved one, knowing that your dependents will be financially secure should the principal breadwinner in the family unexpectedly pass away can be very reassuring.

Types of insurance:

Total and Permanent Disability Insurance (TPD)
The aim of TPD insurance is to help alleviate financial pressure that arises should you become totally and permanently disabled due to an illness or injury. Typically paid as a lump sum, the benefit received may be used to reduce or repay debts (such as the mortgage, personal loans or credit cards), fund the costs of medical expenses, or to pay for permanent lifestyle changes such as modifying your home to accommodate a disability.

Life Insurance
Life Insurance provides a lump sum payment if you die or are diagnosed with a terminal illness. The benefit will be paid to the people you nominate as beneficiaries in your insurance policy. These funds may be used to eliminate debt and to cover the cost of your dependents’ future needs, such as a child’s education.

Trauma Insurance
Trauma, or critical illness insurance, provides cover if you are diagnosed with a specific illness such as cancer, heart attack or stroke. It pays out a lump sum if you are diagnosed with that illness. The illnesses are very specific and outlined in your insurance policy, so you will have a clear understanding of the conditions that will be covered versus those that are not.

Income Protection Insurance
Income Protection Insurance is designed to help you manage your expenses if you are unable to work for a certain amount of time due to illness or injury. It’s an important consideration for anyone who relies on an income, and is especially suitable for those with dependents, financial obligations; such as a mortgage or rental repayments, as well as small business owners and others who are heavily dependent on their ability to work.

We can help you to choose the type and level of insurance cover that’s right for you.

For more information please contact us.