Life Insurance | TPD Insurance | Trauma Insurance | Income Protection | Business Insurance
How much cover do I need?

There are plenty of website calculators out there claiming to tell you how much insurance you need. But the truth is, only a qualified financial adviser can give you a proper analysis of your insurance needs, and even then the results may vary from one adviser to another.

We believe in advisers spending time talking with you to determine your priorities in the event of an unforseen tragedy. They will weigh up these factors, along with your budget, and produce a plan that will help to ensure you and your loved ones are taken care of in the case of such an event occurring.

So what types of things do good advisers take into account when assessing your insurance needs in the event of death or total and permanent disability?

  Death Total & Permanent Disability Trauma
Extinguishing debt This will allow your loved ones to continue without the burden of any large debts you may have This will allow you to continue without the burden of any large debts you may have This will allow you to fight your illness and concentrate on your recovery without the burden of any large debts you may have
Final expenses An amount to cover funeral costs and any other expenses which may arise N/A N/A
Ongoing income A lump sum to be invested, which will provide an ongoing income to allow your loved ones to maintain their lifestyle without any undue financial stress A lump sum to be invested, which will provide an ongoing income to allow you and your loved ones to maintain your lifestyle without any undue financial stress An amount to replace your income for a specified number of years, allowing you to concentrate on your recovery without any undue financial stress
Education expenses An amount to provide for your children's education, ensuring they can still attend the best schools and universities without having to rely on your income An amount to provide for your children's education, ensuring they can still attend the best schools and universities without having to rely on your income N/A
Medical expenses N/A There may be significant medical expenses incurred both during the event and in the months and years to follow There may be significant medical expenses incurred both during the event and in the months and years to follow
Home and vehicle modifications N/A In the event of loss of limbs or paralysis, your home may require ramps or lifts, and your vehicle may require modifications to suit a wheelchair N/A
Inheritance Sometimes you may simply wish to include an amount to be passed on to your loved ones, or perhaps your favourite charity N/A N/A

These are just a few of the areas we look at when assessing your insurance needs. Because everyone is different and we all have different goals and aspirations for ourselves and our families, the assessment of your individual insurance and wealth protection needs requires far more consideration than simply filling in a form.

Your adviser should take the time to listen to exactly what you want to achieve, then work out a tailored protection plan based on your needs and objectives, as well as your budget.

Contact your adviser today for more information.


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General Advice Warning: The information contained within this website is general in nature and does not take into account your personal needs and objectives. You should not act upon any information without first seeking professional advice. Equita Financial Services Pty Ltd is no longer an authorised representative of an AFSL, and is therefore not licensed to provide financial advice. Please read the terms and conditions of use for this website.
Are you a tradie looking for income protection or life insurance for tradesmen? Check out Tradesman Insurance for the right advice. For medical professionals we recommend life insurance for doctors. Insurance consulting services are supplied to Equita by AMAUS.
Equita Financial no longer provides financial advice on risk insurance, superannuation or investment. Our website provides information on life insurance, total & permanent disability (TPD insurance), trauma insurance, income protection and funeral insurance. Our website also contains information on superannuation, retirement planning and investment, including managed funds and margin lending. The information is general and should not be seen as advice. You should not act upon any information on this website without first seeking advice from a qualified and licensed professional.