Australians have an attitude towards certain aspects of life as ‘she will be right’. Many consider that by insuring their cars and houses ‘major’ risks are now managed and there is nothing to worry about. But what will happen to cars, houses and other lifestyle assets if ability to generate income is not there anymore due to illness or injury ? Most likely assets will have to be sold to pay back the loans. What financial impact a family unit can experience if an only breadwinner succumbs to an illness and no longer can provide for a family financially or passes away prematurely? Most likely their standard of living will drop significantly at best or suffer severe financial hardship at worst. Is that something you want for yourself or your loved ones?
At K Partners we understand what life can throw at you and your family. We understand what risks must be managed to ensure that you and your family are protected financially if unexpected happens. So you can continue to enjoy your life without worrying about what ifs. Our insurance strategies are designed to give you peace mind while being cost effective at the same time.
We have access to 10 insurance companies that offer products of high quality, and can recommend a policy that suits your needs and financial circumstances. If you would like for one of our insurance specialist to contact you , please call 03 9863 8855 or click here.
Ability to generate income is the greatest asset a person can have. All of our financial goals and dreams depend on income. To raise a family we need income. To save for a house deposit we need income. We need income to buy food and clothes. We need income for investment and to save for retirement. Our lives will not be the same without it.
If you become ill or injured and no longer able to bring in regular pay check , chances are, your and your family’s standard of living is going to start to decline. Income protection insurance provides a safety net that is needed when unexpected event occurs. In most cases, you are able to insure up to 75% of your annual gross income including superannuation. Additionally, if you hold income protection insurance in your own name and not through superannuation fund, annual premiums are 100% deductible!
Alex 35 years old and earns $109,250 per annum including superannuation. The maximum amount of income he can insure is $109,250 x 75% = $81,938 per year or $6,828 per month. Further assume that premiums for income protection policy with this level of cover is $1,500 per year, but because the premiums are 100% tax deductible and Alex’s marginal tax rate is 38.5% inc Medicare levy, he will be able to save $555 in tax annually. Then the real cost of income protection insurance drops from $1,500 per year to $945 per year or $79 per month. Some people spend more on coffee!
We have a number of insurance strategies that can suit your personal needs and budget. To find out more on how K Partners can help you , please call 03 9863 8855 to speak to our income protection insurance specialist.
Life insurance protects those who depend on you , such as your partner , your kids , and even maybe your parents. If you pass away prematurely, life insurance can ensure that your loved ones maintain a certain standard of living, until they can live comfortably without it.
Our advisers can develop an insurance strategy that will be tailored to your personal circumstances. To find out more on how K Partners can protect your family , please call 03 9863 8855.
Disability insurance protects you and your family financially in the event that you are unable to ever work again due to total and permanent disablement either physical or mental. Having disability insurance in place will give you a peace of mind knowing that if something unexpected does happen to you , you are covered.
Our advisers can develop an insurance strategy that will be tailored to your personal circumstances. To find out more on how K Partners can help you , please call 03 9863 8855
Trauma insurance is also known as ‘critical illness’. Trauma insurance provides financial protection in the event you suffer from a serious medical trauma, such as cancer, heart attack, stroke or a major burn. So you can concentrate on getting better and not think about financial matters.
The major difference between trauma insurance and disability insurance or income protection insurance. Is that you don’t have to be either off work or totally and permanently disabled in order to make a claim.
If you are looking for a trauma insurance policy and not sure which one is best for you. Give K Partners a call on 03 9863 8855 and we will do the hard work for you.
I couldn’t have been more pleased with the service provided by K Partners. What a fantastic and professional approach towards obtaining insurance with no pressure, no obtrusive phone calls, straightforward information and advice. A definite departure from previous experiences dealing with a consummate professional, rather than a salesman! Without any reservation whatsoever, I would highly recommend that anyone seeking advice on insurance place a call to K Partners. You will be as pleasantly surprised as was I!
- Angela Agostino , Victoria