Taking the first steps to securing your lifestyle and protecting your family financially should disaster strike.
What would happen to your family if you or your partner became seriously ill or injured, or weren’t able to work anymore? How would your family cope financially? Would you be able to pay off the mortgage, or rent, and maintain your family’s lifestyle?
Life insurance can provide you or your family with the funds needed during critical moments in your life. It may not remove the pain of losing a job or a loved one, but it can ease the burden financially.
Types of Life Insurance
There are different types of covers that fall under life insurance. Based on the circumstances you may need one or more of the following:
Insurance premiums tend to increase with age as you are more likely to make an insurance claim as you grow older.
You are able to choose between having a stepped or level premium for life insurance, TPD, trauma cover and income protection.
The difference between stepped and level premiums are:
If you intend to hold the insurance for a long run, then level premiums are more likely to be cheaper, generally after 15 years of holding a policy. If you want to control your costs over time, then level premiums may best suit your needs as the cost doesn’t change and you can anticipate the amount to be paid in the future.
Income protection policies should be reviewed every time your income changes substantially to ensure that you have the right level of cover over time.
Whatever level of cover you choose, it’s important to regularly review your policies to ensure they are still meeting the needs of you and your family.
My wife and I utilised Max’s services to review our life insurance policies, with particular respect to addressing an exclusion clause. Max spent significant time searching for the best possible solution and came up with a proposition that affordably met our requirements. I would not have been able to achieve this using one of those on-line insurance quote generators. Max did his utmost to get us the best deal and I would recommend him to anyone who is seriously looking to review their life insurance options.
Thanks Max for all your help with my new Life and Income Protection Policy. Not only have I got a better policy but a better premium as well. You answered all my questions and nothing was too much trouble. A pleasure dealing with you.
Insurance and the complexities of organising it has been made easy by Altura. Thanks Max for a painless process to organise what is an important aspect of any working person’s life. I have a great product within the price boundaries I gave and have the confidence that if I ever needed to claim, I have the full support of Altura to manage me through the process.
Max and Altura recently reviewed my superannuation and personal insurance circumstances. Upon reviewing my existing arrangements and analysing my personal needs, Max was able to outline a more cost-effective plan that saved money and was thereby likely to increase my return over time without compromising my personal coer. Max also took the time to make the process painless and simple and accommodate my busy schedule. Max is a true representative of customer service and operates a highly professional operation.
Max really took the time to understand my families needs and found a solution & cover that matched our situation and budget. His expertise, integrity and attention to detail were outstanding. He patiently followed up and answered each and every question with confidence and authenticity. I only wish all professionals conducted business in this manner. I can recommend Max to you enthusiastically and without reservation.
Max Pagnin from Altura Financial Planning provides outstanding knowledge and integrity in the field of personal insurance and income protection. Thanks to Max and Altura, my family was able to save over $5000 per annum on tax minimisation and through his detailed knowledge and support of my family’s needs for protecting our incomes, and the future of our children I can not thank Max enough, and highly recommend him to my entire network of family, friends and associates.
Max made a quite complex and daunting financial situation straightforward simple and not time consuming. Whilst finding me the best products and keeping my costs at a minimum, but with value, he stepped me through multiple options and was personable, friendly and punctual wiht good follow up.