Insurance Advice
We provide you with comprehensive advice which is formulated by taking into account your unique circumstances and wealth protection objectives.
At Plutuss, we understand how hard Australians work to accumulate wealth and create assets to provide a comfortable life for themselves and their families. However, too many of us decide to avoid essential insurance and live by the mantra “it won’t happen to me”.
After all, insurance is there to provide financial protection in the event of devastating events such as a permanent disability, critical illness, or the passing of a loved one.
More than half of Australians have no life insurance. As a country, the population is similarly underinsured for other potential life-changing events – disability insurance, income protection, or cover for critical illnesses.
An accident, sickness or death of a working age parent will almost always have a significant impact on the financial circumstances of the family. Despite this Rice Warner Actuaries calculate that over 95 per cent of families do not have adequate insurance[1].
What would you do if your income, or ability to earn, was suddenly taken away without warning? While most people have insurance cover for their homes and motor vehicles, only a few of us have properly considered the potentially destabilising consequences of an unexpected injury, illness, disability or death in the family. These are the events that can destroy most wealth accumulation plans.
A good financial plan must consider the below mentioned insurances in light of the cost-benefit trade off.
- Life cover– also known as term life insurance or death cover, pays a set amount of money when the insured person dies. The money will go to the people you nominate as beneficiaries on your policy.
- Total and permanent disability (TPD) cover– covers the life insured for costs of rehabilitation, debt repayments and the future cost of living if you are totally and permanently disabled. TPD cover is often bundled together with life cover.
- Trauma cover– provides cover if you are diagnosed with a specified illness or injury. These policies include the major illnesses or injuries that will make a significant impact on a person’s life, such as cancer or a stroke. It is also referred to as ‘critical illness’ cover or ‘recovery’ insurance. Trauma cover can only be held outside of super.
- Income protection– replaces the income lost through your inability to work due to injury or sickness.
Professional relationships
At Plutuss, we use our vast industry experience, expert judgement and professional relationships with leading Insurance Providers and underwriters to manage all your insurance matters, from the establishment of insurance policies through to the processing of claims.
Comprehensive analysis
Annual review
We also offer an annual review service so your level of cover continues to meet your changing needs. Plutuss is here to help. We can ensure that you have the best cover to protect yourself and your loved ones from the worst of circumstances.
MORE OF OUR SERVICES
Super and
Retirement Planning
We formulate strategies to help you structure your superannuation investments to ensure your retirement needs are met.
Investment
Advice
We use our wealth of knowledge and experience to formulate investment strategies that are aligned with your objectives and risk profile. You will benefit from knowing that your investments are well diversified to minimise volatility and risks.
Insurance
and Risk
At Plutuss, we understand the importance of protecting wealth and our professional relationships with Australia’s major insurance providers allows us to provide you with recommendations that will hele you protect your wealth.
Self-Managed
Superannuation
We provide you with comprehensive education, setup, and ongoing administration of your SMSF so that you have a clear understanding of your obligations as a trustee and are well equipped to navigate through the complex compliance requirements of an SMSF.
Wealth
Protection
We work closely with you to ensure your estate planning plan is in place to ensure your wealth is passed on to your loved ones in line with your wishes.
Debt
Management
By engaging with our debt management services, you can unburden yourself of the weight of financial stress. With this new freedom, you can focus more of your attention on the things that matter, instead of constantly stressing about having to pay off debt.