Wealth Protection

What would happen if you were injured, fell ill or died? Would you be able to meet your monthly expenses or have you considered whether your family would be protected for 6 months or if you were not working permanently. Would your family be protected if you died?

Wealth protection is an essential part of every financial plan. Without income, trauma, life and TPD insurance, the assets and wealth you've built up can rapidly erode as a result of an accident or illness.

Ide Financial Management can assess your personal situation and recommend policies that best suited your needs. We can also review your current policies to ensure they continue to provide an adequate level of cover. Your circumstances may have changed since you took out your original policies and you may need additional coverage to meet your higher expenses.

Life insurance

Imagine leaving your family burdened with the debts you created if you died. Insuring your own life ensures you leave adequate resources to your family and dependants. You might be surprised how little that peace of mind costs. We can recommend a policy that meets your needs and cashflow.

Trauma insurance

Trauma insurance can provide a lump sum payment should you suffer from a number of medical conditions such as cancer, stroke, heart attack and coronary artery (bypass) surgery, major burns and head trauma. Trauma insurance can be used to take care of all your bills so you’re free to recover and get on with your life. Your lump sum is paid on diagnosis of the covered illness. Provided your condition is covered by the policy the lump sum payment is tax free.

Income Protection insurance

For most people, their income is their most valuable asset. Your income pays for mortgages, education, living expenses and holidays. Should your income stop who would pay the bills?

Income protection policies can replace up to 80% of your gross income if you’re unable to work due to sickness or injury. That means if you could not work for an extended period of time due to accident or illness, up to 80% of your salary would usually be paid for up to age 65 depending on the terms of your contract.

The cost of that peace of mind (income protection) is tax deductible in most cases. Ide Financial Management can tailor a policy to meet your needs and objectives.

Business Protection Insurance

Ide Financial Management specializes in Business Protection Insurance. Are you in a partnership or owners of a business or do you have an employee who is vital to your business? Should you pass away who would pay your estate your share of the business? Would you want a spouse working in the business should you become disabled or die? We can provide advice on the best way or protecting your business and providing for your family in the above cases.