InsuranceMost people think of life insurance as something that protects their loved ones financially if they pass away. While that’s true, life insurance also includes other types of cover that can help to financially support a family in the event of ongoing illness or injury.
We take a common-sense approach to developing an insurance strategy, appreciating that there is a cost versus risk trade-off that will be different for everyone. We work with our clients to assist them to understand the types of insurance they should consider, the potential costs, whether to fund premiums directly or from super, tax considerations and lastly, the amount of cover required. Whether you take a wealth creation journey or not, you should consider the following insurance types to provide your family with financial security. Life Insurance Life cover provides your loved ones with a lump sum payment should you pass away or be diagnosed with a terminal illness. This money can be used to pay off debts such as a mortgage, cover daily living expenses or be saved for future needs such as school fees. Total Permanent Disability TPD cover pays you a lump sum payment if you’re permanently unable to work again because of illness or injury. It can help you pay off debts and cover medical or other costs, so your family can retain their lifestyle even if you can no longer earn an income. Income Protection Income Support Cover replaces up to a set percentage of your income if you’re unable to work because of illness or injury. It can help ensure you can afford to pay daily living expenses and debt repayments, long after your sick leave and savings have been exhausted. Critical Illness or Trauma Critical illness cover pays you a lump sum payment to help support you and your loved ones while you recover from serious illness such as cancer, heart attack or stroke. While medical treatments for serious illness are continually advancing, it may be months or years before you’re able to return to work. The money paid can therefore be used for any purpose; whether it’s to seek specialised medical treatment, reduce debts or make necessary lifestyle changes. Child Cover While it’s not something any parent wants to think about, sometimes the worst can happen to our children as well. Child cover pays you a lump sum payment if your child passes away, suffers a critical illness, or is diagnosed as terminally ill. This money can used to cover medical expenses or enable you to take time off to be with your child or in the worst-case scenario, time to grieve. Having the right life insurance gives you the confidence to plan to achieve their life goals, whilst knowing that should the worst happen, you will be protected, and your family can still reach their financial goals. Many people have insurances in their superannuation fund but unaware of whether it is appropriate particularly in the type of insurance, sum insured and key definitions. Contact us today to carry out a full insurance review including your current insurance position. |
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GENERAL ADVICE WARNING
The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Davlin Financial Planning Pty Ltd, ABN 68 129 243 223 and David Linco are Authorised Representatives of Consultum Financial Advisers Pty Ltd. AFSL No. 230323, ABN 65 006 373 995.
The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Davlin Financial Planning Pty Ltd, ABN 68 129 243 223 and David Linco are Authorised Representatives of Consultum Financial Advisers Pty Ltd. AFSL No. 230323, ABN 65 006 373 995.
Why Choose Us?
Decades of experience. Hundreds of happy clients. 80+ five-star reviews on Google & Adviser Ratings.
We're fully licenced & accredited, work with integrity and always put your interests first.
We're fully licenced & accredited, work with integrity and always put your interests first.
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Experienced
In 25+ years in business we've helped clients from all walks of life across all industries. You're in safe hands at Davlin Wealth Management. |
Certified
We are fully qualified & licenced Accountants, Mortgage Brokers & Financial planners, accredited with the respective industry bodies for your peace of mind. |
Trusted
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Get in touchPhone: 02 8445 9999
Email: [email protected] Our LocationsAfter 9 years being located in Thornleigh, we moved in October 2021 to operate virtually and now predominantly meet with clients using Zoom and Microsoft Teams.
For clients in Sydney or when David is travelling, physical meetings can take place at any Wotso office location throughout Australia. Preferred locations are: Manly: 44 North Fort Rd, The Barracks Precinct, Manly NSW 2095 Pyrmont: 3/55 Pyrmont Bridge Rd, Pyrmont NSW 2009 Strathfield: Level 1/5 George St, North Strathfield NSW 2137 Davlin Wealth Management Manly
Wotso Manly, 44 North Fort Rd, The Barracks Precinct, Manly NSW 2095 |
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