Secure your future and gain peace of mind with income protection, life insurance, and other services from the Central Coast Financial Planning Group team!
Life is full of surprises, and when life throws you a curveball, our expert financial advisers have got your back. Whether it’s personal insurance advice for safeguarding your health and wealth or business insurance for protecting your business from risks and uncertainties, we’ve got the solutions to keep you covered.
We understand that unexpected events can bring financial and emotional stress. That’s why we make sure your wealth protection plan is tailored for your individual needs with the right life insurance covers. We handle everything with our personal insurance advice process. Your peace of mind is our priority!
At Central Coast Financial Planning Group, we’re here to support you every step of the way, ensuring your financial plan and insurance policies fit like a glove. Don’t settle for outdated insurance products and policies; let us customise your coverage to match your needs. It’s time for peace of mind – the Central Coast way!
Get the Right Advice on Personal Insurance
We dive deep to protect your needs! Our journey begins with a comprehensive review, where we assess your existing coverage and pinpoint your protection priorities, including:
Life cover is also called death cover or term life insurance. It provides a lump sum benefit to your loved ones when you’re gone. It’s your way of ensuring they can continue the life you’ve built together.
Life insurance is important, and you should think about getting covered if any of the following applies to you:
1. Someone is financially dependent on you.
2. More liquid assets are required in your estate to pay taxes and debts.
3. You want to pay for funeral and burial services.
4. You want to leave a charitable amount to a good cause you care about.
Total and Permanent Disability Insurance
TPD insurance gives you a lump sum payment if a serious illness or accident makes you permanently disabled and you can no longer work.
A TPD payment can be used to maintain your standard of living, make any necessary modifications to your home, pay for specialised medical care, keep up with loan payments, cover household costs, and make sure that your family won’t have to make sacrifices in the event of your disability.
Similar to any other insurance coverage, the premiums, terms, and conditions will vary based on a number of variables.
The loss of income resulting from illness or accident has a significant impact on your financial situation. With the help of income protection insurance, you can receive financial assistance and partially restore the income you were earning before your illness or injury.
Typically, you get a monthly benefit that lasts until you can start working again or for a maximum fixed period – which ever comes first. This ensures that you are able to pay your regular bills as well as cover your basic living expenses.
Trauma or Critical Illness Insurance
Trauma insurance, often known as “critical illness” or “crisis recovery insurance,” provides a lump sum payment in the event that you suffer a critical illness or serious injury. This can include cancer, major head injury, stroke or a heart condition.
The claim can help to fund medical bills, replace lost income, and support your family. It’s not a replacement for health insurance, but it adds extra protection when you really need it.
People choose trauma insurance to lessen potential financial constraints during a serious medical emergency. Dealing with a serious sickness or injury may necessitate large financial outlays for numerous medical requirements that Medicare or private health insurance may not fully cover. These costs might cover things like recurring doctor visits, prescription drugs, and treatment for recovery.
We provide a variety of insurance solutions tailored for your business needs. Whether you’re a sole trader, in a partnership, or a company director, we offer options to safeguard your business against unforeseen events.
Types of Business Insurance:
Business Continuation (Key Person Insurance)
Key person insurance safeguards against financial consequences if a crucial individual faces total disability, a traumatic illness or injury, or passes away. Key persons are pivotal to a business’s continuity and growth, such as those with specialised roles, managing directors, or sales managers with significant client portfolios. This insurance offers stability by providing financial support to the business in case of the key person’s illness, disability, or demise.
Business Succession (Buy/Sell Insurance)
Designed for businesses with multiple owners or in a partnership, Buy/Sell Insurance ensures the survival of the business if one owner passes away or is unable to work due to illness or injury. This involves a Buy/Sell Agreement allowing owners to plan the distribution of their business share in case of death or disability. The insurance provides funding for the departing owner (or their estate) to sell their interest to the remaining owners at an agreed price, or for the remaining owners to purchase it. The structure of Business Succession insurance can be customised to achieve the desired outcome for your business.
Business Expense Insurance provides a monthly benefit for up to 12 months, covering fixed business costs if the owner is unable to work due to injury or sickness. Fixed costs may include rent, utilities, equipment leasing, salaries, insurance, and accountant fees. This ensures that your business can meet its financial commitments even when you are unable to work.
Get Peace of Mind in Uncertain Times
Personal Insurance gives you a sense of security when things aren’t certain. It’s important to understand the different types of insurance, how they work together, how policies differ, and how to file a claim. CCFPG can help you and your family get the right security by providing expert and personalised advice.
When it comes to choosing insurance policies, there is no one-size-fits-all answer. Customising a mix of insurance policies according to your personal circumstances can give you peace of mind in case you ever need to file a claim, so you and your family can focus on your long-term goals and the future. It is important to talk to a professional life insurance adviser to get the right plans and help with the application, review and claims processes.
Explore your personal insurance options – have a conversation with a Central Coast Financial Planning Group Adviser and get professional advice for your insurance needs.
The Benefits of Insurance Advice
Secure Your Family’s Future
Safeguard Major Assets
Maintain an Income Even When Hurt or Sick
Secure Your Financial Future
Prepare for Life’s Uncertainties with Personalised Insurance Solutions from CCFPG!
We’re insurance experts, and we’re all about your peace of mind! Insurance is your financial safety net, providing options when the unexpected happens. Let’s prepare for life’s surprises together, ensuring you and your family stay protected.
Embark on your journey to financial freedom with Central Coast Financial Planning Group.
Life Insurance Advice Central Coast FAQs
The amount of life insurance coverage you require depends on your individual circumstances, such as your financial obligations, income, and family’s needs. A common approach is to aim for coverage that can replace your income for a specified period, pay off debts, cover funeral expenses, and provide for your family’s ongoing living expenses.
When you have a pre-existing condition, it’s important to tell your financial adviser right away so that they can take this into account when they look at your situation. With so many life insurance options on the Australian market, it’s possible that some insurers could still give you a good level of coverage, even if they charge you more or have health exclusions.
Yes, you can typically make changes to your life insurance policy after purchase. Many policies offer flexibility through riders or optional add-ons that you can adjust to suit your changing needs. Additionally, you can increase or decrease your coverage amount, but this may affect your premium.
When you miss a premium payment, your life insurance policy may enter a grace period, during which you can make the payment without the policy lapsing. The grace period duration and terms can vary between insurers and policies, so it’s crucial to contact your insurance company promptly to understand your options. Letting the policy lapse may result in loss of coverage, and it can be challenging to reinstate or obtain new coverage later, especially if your health has changed.