Wealth protection incorporates a variety of insurance products to protect you, and the wealth you have generated. Wealth protection is all about reducing the risks associated with wealth accumulation and the protection of what you have already acquired.
The types of insurances available to individuals include:
- Life Insurance
- Total & Permanent Disability Insurance
- Trauma Insurance
- Income Protection
- Business Expenses Insurance
Our Financial Advisers can assist in evaluating the right level of protection for you and your loved ones. Benefits can be used for a number of purposes, including medical expenses, mortgage repayments, debt repayments, and day-to-day living expenses. Take the first step to financial freedom with the help of the Monash wealth financial advisors today.
How much are you worth to your family? Of course it is impossible to quantify in emotional and relationship terms, but it is measurable in financial terms. Think of how much you earn and how many years you will be earning it – and then think of what your family would do without that income.
Total and Permanent Disability (TPD) insurance
Have you considered how you would manage without an income? If you become permanently disabled you could suffer devastating financial impacts, when your focus should be on your rehabilitation. TPD cover can help you pay for medical expenses, repay major debts and help provide for your future.
Are you in a high risk category for suffering a heart attack? Of course not all serious medical conditions result in permanent disability, but they can still result in serious financial impacts. Imagine suffering a heart attack or learning you have cancer.
What would you want to do to ensure a strong recovery and to de-stress your life?
Trauma cover is designed to help cover your medical costs and living expenses, providing you with some financial security during the important recovery period.
Income protection insurance
Could you manage financially if you no longer earned an income? Some injuries or illnesses may result in temporary loss of income that cannot be covered by savings and will outlast any sick leave you may have.
Business expenses insurance
Are you self-employed? Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.