Personal Insurance

The Bottrell Wealth team is continually reviewing the vast number of personal insurance products available currently on the market. Selecting the right cover can be a complex and confusing process without the aid of expert guidance. In worst case scenarios, you may not even be covered for an event which you are under the impression you are. We can provide advice so you are covered in the event you need it.

50% of all Australians over the age of 30 experience serious illness or injury.

Experiencing serious illness or injury can cause a loss of income, and in some cases it can lead to a long-term disability, and consequently, a long-term loss of income. Could you afford to take a number of months of work without any income? That is why it is important to protect yourself against the risks.

Note that you may be covered for some basic insurance via your super fund. However, these a the bare-minimum when it comes to insurance. It is wise to review what you are insured for, and if required, look to increase your cover within the super fund, or move to a third party.

Read about common insurance taken out by everyday Australians.

Recovery Insurance

This particular type of Insurance covers you or the policy holder if they were to suffer from a major illness or injury, such as cancer and heart attacks. Critical illnesses require extensive medical treatment to ensure your quality of life. Taking out this level of Insurance gives peace of mind by ensuring a lump sum payment to cover stressful matters like loss of income and reduced working hours, medical charges and rehabilitation fees.

Life Insurance

The term Life insurance covers the definition of a substitute for an individual’s income if they are to die. Policy holders buy cover from an insurance company, and periodically pay the set premium for the term of the policy. If the individual holding the policy dies within this time, a guaranteed sum id paid to their beneficiaries. If the insured sees out the policy term, they may receive part of the face amount of the policy.

Originating from the old practices of saving money for funeral costs, Life Insurance or Assurance is the peace of mind that if you or someone you rely on is no longer in this life, the commitments left such as loans or living costs can still be covered and a standard of living still maintained.

Income Protection

If you are suddenly unable to work, either via sickness or an accident, Income Protection Insurance is an alternate source of cash flow, contributing up to 75% of your gross income. This type of Insurance takes the financial pressure off the policy holder until they are able to return to work. If the individual is unable to return for unforeseen reasons, they are covered until the age of retirement.

Total and Permanent Disability Insurance

Accidents are bound to happen in life, some far worse than others. If you or someone you depend upon were to become permanently disabled due to an illness or accident, rendering you unable to work. TPD Insurance ensures a lump sum of money is paid to the policy holder, giving a means of access to quality medical and rehabilitation treatments for those unable to engage in their qualified occupation.

This Insurance ensures financial security to you and your dependants, funding ongoing income, paying off outstanding debts and funding lifestyle changes that come from an unfortunate accident.

Life Insurance

The term Life insurance covers the definition of a substitute for an individual’s income if they are to die. Policy holders buy cover from an insurance company, and periodically pay the set premium for the term of the policy. If the individual holding the policy dies within this time, a guaranteed sum id paid to their beneficiaries. If the insured sees out the policy term, they may receive part of the face amount of the policy.

Originating from the old practices of saving money for funeral costs, Life Insurance or Assurance is the peace of mind that if you or someone you rely on is no longer in this life, the commitments left such as loans or living costs can still be covered and a standard of living still maintained.

Recovery Insurance

This particular type of Insurance covers you or the policy holder if they were to suffer from a major illness or injury, such as cancer and heart attacks. Critical illnesses require extensive medical treatment to ensure your quality of life. Taking out this level of Insurance gives peace of mind by ensuring a lump sum payment to cover stressful matters like loss of income and reduced working hours, medical charges and rehabilitation fees.

Income Protection

If you are suddenly unable to work, either via sickness or an accident, Income Protection Insurance is an alternate source of cash flow, contributing up to 75% of your gross income. This type of Insurance takes the financial pressure off the policy holder until they are able to return to work. If the individual is unable to return for unforeseen reasons, they are covered until the age of retirement.

Total and Permanent Disability Insurance

Accidents are bound to happen in life, some far worse than others. If you or someone you depend upon were to become permanently disabled due to an illness or accident, rendering you unable to work. TPD Insurance ensures a lump sum of money is paid to the policy holder, giving a means of access to quality medical and rehabilitation treatments for those unable to engage in their qualified occupation.

This Insurance ensures financial security to you and your dependants, funding ongoing income, paying off outstanding debts and funding lifestyle changes that come from an unfortunate accident.