Personal Protection

Introduction to Personal Protection

Life is full of surprises and not all of them are the good kind. A strategic approach to personal protection ensures that what matters most to you is safeguarded, including personal insurances. While personal insurance may seem like an additional expense, it is a valuable investment in your family's future.

At Six Pillars Wealth, we develop a comprehensive strategy that considers various protections available to you, including personal insurance, workplace entitlements, and assets you'd like to incorporate into your overall plan. Here is a summary of the personal insurance options available:

1. Life Insurance

Life insurance pays a sum to your nominated beneficiaries in the event of your death. It is crucial for:

Debt Repayment: Pay off or reduce home loan
Future Expenses: Cover your children’s education.
Income Replacement: Maintain your family's standard of living.

2. Total and Permanent Disability (TPD) Insurance

TPD insurance provides a lump sum payment if you become permanently disabled. It helps with:

Debt Repayment: Pay off outstanding home loan.
Income Replacement: Replace income to maintain your and your family's standard of living.
Medical Costs & Home Modifications: Over medical expenses and needed home adjustments.

3. Income Protection (IP) / Salary Continuance Insurance (SCI)

Income protection insurance pays a monthly benefit if you can't work due to illness or injury. It ensures:

Regular Income: If you can't work due to a medical condition, IP ensures you continue to receive a portion of your income, so you can maintain your financial obligations and living expenses.

4. Trauma Insurance

Trauma insurance provides a lumpsum payout upon diagnosis of critical illnesses such as cancer, heart attack, or stroke. It is vital for:

Medical Treatments: Cover treatments not included in Medicare.
Recovery Support: Financial support to ease stress and focus on recovery.

How We Can Help You

At Six Pillars Wealth, we will assist you in developing a personalised plan that considers your current circumstances and future goals. We will help you:

Assess Your Needs: Evaluate your individual needs and risk tolerance.
Explore Options: Investigate different insurance options and their associated costs.
Find the Best Structure: Identify the best funding and premium structure to suit your budget and lifestyle.
Manage Policies: Implement and manage your insurance policies for peace of mind.

Partner with Six Pillars Wealth

At Six Pillars Wealth, we know that personal protection is about more than just insurance—it's about looking after the people and things that matter most in your life.

We'll take the time to understand your unique situation, whether it's making sure your family is cared for, your income is secure, or you're prepared for life's unexpected moments.

Why not start with a chat? Book a free 20-minute consultation today, and let's talk about how we can help protect what's most important to you. Thank you for reading. I look forward to connecting with you soon.

Make a Appointment
Address

Sydney CBD

Level 57, 25 Martin Place Sydney NSW 2000

Postal Address

P O Box 352,

Paramatta, NSW, 2124

Mutually Convenient Location

Let's meet for a coffee! We're happy to arrange a meeting at a location that works best for you.

Disclaimer: Six Pillars Wealth (ABN 68 682 649 538) as a Corporate Authorised Representative (001314068) and Laxmi (Lucky) Manna Authorised Representative (1002602) ; Lionel Iheanacho Authorised Representative (1002528)are authorised by Templestone Financial Services Pty Ltd (ABN 99 641 075 952) AFSL 523831 to provide financial services only. Any advice in this publication is of general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.

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