Finance – Insurance

Insurance

Provide financial security and peace of mind for you and your family in case of unexpected events.

Personal insurance refers to insurance policies that are designed to protect you and your family against various types of risks, including financial losses from unforeseen events such as accidents, illnesses and deaths. Personal insurance can include life insurance, health insurance and total and permanent disability (TPD) insurance. The main goal of personal insurance is to provide financial security and peace of mind for you and your family in case of unexpected events. The coverage and terms of personal insurance policies vary, but they are typically tailored to meet the specific needs and budget of the policyholder.

Insurance Advice Process

We follow a compliant advice process which focuses on your needs and objectives and building a long-term relationship so we can be part of your journey.

01

Understanding you

This is all about you, your needs and objectives. Your adviser will listen to your requirements and respond to your concerns and preferences. They will explain to you about their business, themselves and explain what sort of advice they can provide. They will further explain any conflict of interests and the processes they have to manage them.

02

Advice Preperation

Your adviser will conduct a thorough analysis of your situation and requirements and based on that carry out an analysis to find out the most suitable solution that meets your needs. They will then prepare a statement of advice that will outline their strategies and any assumptions underlying the financial advice.

03

Advice Presentation

Your adviser will present the statement of advice and go through the recommendations with you. They will take all reasonable steps to make sure that you understand the recommendations being made and address any queries you might have.

04

Underwriting

Your adviser will help you complete the application forms with the respective insurance companies as per the recommendations made in the statement of advice. We will work with the underwriter to make sure you get the best terms possible and will explain them to you. Once you are happy with the terms and give us a go ahead, we will implement the recommendations and the insurance company will issue you the insurance policies you have signed for.

05

Review

Life changes so quickly that people are often unaware of how it can impact their insurance policies. As part of our ongoing service we will review your needs and objectives to make sure that your existing policies remain suitable at all times.

06

Ongoing Service

We strongly believe in building long term relationship with our clients. As part of our ongoing service we will send you regular updates and newsletters and you will have access to our client services for any administrative requirements.

Do I need Insurance?

Whether or not you need insurance depends on your personal circumstances and the risks you face. However, insurance can provide financial protection and peace of mind in the event of unexpected events such as accidents and illnesses. It can also help you manage the costs associated with these events and avoid financial hardship.

Here are some reasons that you might consider having insurance:

Ultimately, the decision to have insurance depends on your circumstances and the level of financial risk you are willing to take on. It is recommended to consult with a financial adviser to determine which types of insurance are best suited to your needs.

01

Financial protection

Personal insurance can provide financial protection in the event of unexpected events such as accidents, illnesses or death, helping policyholders manage the costs associated with these events and avoid financial hardship.

02

Peace of mind

Insurance can give policyholders peace of mind knowing that they and their families are protected in the event of unexpected events.

03

Provision for dependents

Life insurance can provide for your dependents in the event of your death, helping to ensure that your dependents’ financial needs are met.

04

Medical conditions do happen

Having Insurance will help if that happens and will help to cover the costs of medical treatments and procedures.

05

At the time of disabilities

Disability insurance can provide financial protection for those who are unable to work due to an injury or illness.

Call us or contact one of our financial advisers Today

Important information and disclaimer

Any advice on this publication is of a general nature only and has not been tailored to your specific circumstances. Before taking action on this information, please seek your personal advice. Past performance is not a reliable guide for future returns. The information on this page reflects our understanding of the existing legislation, standards, etc.

In some cases, the information has been provided to us by third parties. While the information is believed to be accurate and reliable, but this is not guaranteed in any way.

Neither AIFP nor its responsible persons or employees give any warranty of accuracy, nor accept any responsibility for errors or omissions in the information provided on this page.