Personal Insurance Advice

Personal insurance is one of the foundations of any good financial plan and risk management strategies.

A financial plan without personal insurance is a major risk to you and your family’s long-term wealth prospects, so it’s important to make sure you are adequately and smartly protected before you can start to build your wealth further.

The purpose of insurance is to bridge the gap between your cash savings and the financial impact of death, illness, injury, or your inability to work for a prolonged period.

There are many different kinds of events at different stages of life that could cause significant disruption to one’s finances. While many of us automatically think to insure our homes and cars, we might not give much thought to what would happen if we got sick, seriously ill, or died (and how it would impact our family or loved ones financially). 

It’s smart to have a strategy – and seek expert advice – to manage any foreseeable risks that may impact you and your family’s financial wellbeing.

There are of course many general insurance products on the market that may help to provide some basic guidance, but personal insurance advice is much more powerful as it involves a trusted expert looking at your specific situation and family structure – someone who will work with you to achieve your life goals, spot unnecessary products (and risks) to avoid, and save you money in the process. 

McLauchlan Wealth will provide you with tailored insurance advice to meet your needs, no matter how old you are or what stage of life you’re in.

Our process to provide advice is as follows:

  • Determine what existing insurance you have (including within your super fund). Complete an Insurance Needs Analysis based on what you want to occur in the event of your Death, Disability or major illness.
  • Conduct research with the various insurance providers in the market to find the best suited provider for your circumstances.
  • Present an Insurance Options Summary and fine-tune to your preferences.
  • Prepare and present the advice document, completing applications with you.
  • Coordinate with the insurer to ensure everything is processed in a timely manner until your application is either accepted, offered with alternative terms, or declined.

We’re here to help provide you with the expert insurance advice and guidance you need for lasting peace of mind.

Contact McLauchlan Wealth for more information about personal insurance.

Find out more