Wealth Protection

Protecting your family

At Callaghans we strongly believe, protect what you have now, before you consider anything else!

Wealth protection relates to a variety of insurance cover options, protecting individuals against loss due to death, illness or injury.

Although thinking about personal risk can be a sensitive and emotional issue it is important to be aware of the potential risks and ways you can protect your financial well being as well as providing quality of life in the unfortunate case of serious illness or injury.

Callaghans can assist you to identify the risks, determine the most cost-effective solution and implement a risk management program which has been tailored to suit you.

There are four main types of cover:

Life cover
Provides an agreed amount upon your death to support dependants. Life Insurance can be used to help pay one-off and ongoing expenses such as a mortgage, personal debts, funeral expenses, children's education and as ongoing income.

Total and Permanent Disablement (TPD) cover
Provides a cash lump sum to support you and your dependants if you are totally and permanently disabled as a result of an injury or illness. This can help pay off mortgages or other personal debts, provide an income or help with expenses associated with a change in lifestyle.

Income Protection
Provides an income stream to support you and your family if you can't work due to illness or an injury. This can usually provide up to 75% of the pre-tax income that you earned prior to injury or illness.

This insurance can help you make ongoing mortgage payments, as well as servicing other debt and providing an income.

Trauma Cover
Provides a lump sum payment to you if you suffer a specific major medical condition. Trauma insurance can be used to relieve the stress associated with the medical condition by providing for medical expenses, mortgage payment, an extended holiday or subsidising your income if a change of employment is required.

We also offer all our clients annual Reviews of their insurance so that they can be sure they are getting the right cover for their circumstances at all the different stages of life. If you have questions about Wealth Protection or would like a quote and advice regarding your insurance needs call our friendly and professional Financial planning team today.


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