- Financial Planning
- Investment advice
- Personal Insurances
- Estate Planning and Self Managed Superannuation
- Finance
PERSONAL INSURANCES
Protecting your two most valuable assets: yourself and your income.
HNW Planning acts as a broker when placing personal insurances. Our responsibility is to work for you, our client.
Personal insurances involve the payment of a premium so that a separate party might assume, at a cost of that premium paid, risk that for you might be too large to comfortably carry. Insurances protect your lifestyle and family as well as your business and investment initiatives. The motivation and types of insurance will be influenced by your family’s life cycle, business and career life cycles, and by attitude toward risk,including your perception of the relative importance of negating risks where possible.
Particularly dental professionals, but also pharmacy professionals, have specific requirements and specific considerations for their industry and profession. HNW Planning is experienced in highlighting and offering solutions to these industry specific considerations.
HNW Planning can provide practical options to protect your two most valuable assets: yourself and your income.
Protecting yourself
The table below shows the chance before age 65 of suffering a serious illness, having an accident or being disabled for 3 months or more as a result of an accident or illness*, based on age and gender.
Report of Disability Committee IAA 1995 IA 85-90 - Institute of Actuaries of Australia. Source: Tower Australia publication 10 April 2006 “Life Insurance. Here’s Looking At You”.* Illness or accident described as a claimable event, not withstanding other conditions of a policy, such as waiting period, not being met.
Protecting your INCOME
Earnings are in today’s dollars assuming interest at 5.00% pa and salary inflation of 3.00% pa. Source: Tower Australia publication 10 April 2006 ‘Life Insurance. Here’s Looking At You’.
