Risk/ Life Insurance

One of the most important and often overlooked services we supply to our clients and potential clients alike is a comprehensive review of their insurances. The reviews are free and involve no obligation or cost to you even if you go ahead with the cover.

These reviews involve examining current insurance policies both in terms of life and general insurance to find better products, cheaper premiums, or better ways to maximise tax deductions by holding insurance through different entities.

This could be as simple as changing the policy owner of your Life insurance from yourself to be a SMSF and salary sacrificing into the fund to effectively pay for the insurance with pre tax dollars rather then out of your own pocket.Your fund could also claim a tax deduction for the policy.

Perhaps it may be simply changing the policy owner of your income protection policy to be in a family trust rather then your own name – so that any claim generated could be effectively split and lower rates of tax paid.

If you don’t have insurance we’ll tell you what you need and get you the best deal in the most tax effective way. There are many products that you can opt to purchase such as TPD, Trauma, Business Expense Insurance and Loan protection that you may not be aware exist. These products can give you much needed peace of mind for your family for a cost that is often affordable and tax effective.

If your in business we can arrange for succession planning for your business and incorporate buy/sell agreements with partners with key person insurance and ensure you and your family are covered. Our risk team is highly experienced and successful at putting together a suitable insurance package that you can’t afford not to have.

2020 Financial Solutions Pty Ltd is a Corporate Authorised Representative of Professional Investment Services Pty Ltd. ABN 11 074 608 558, an Australian Financial Service Licence holder (No 234951). 2020 Financial Solutions Pty Ltd provide financial services advice as Sub Authorised Representatives of Professional Investment Services Pty Ltd. To view a copy of PIS Financial Services Guide (FSG) and Privacy Policy please visit, http://www.profinvest.com.au/fsg.pdf .

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