Horizon Financial Planners: our role is to help you protect what you
have worked so hard to build.
What is my biggest risk?
As a professional your biggest asset is your ability to earn an income.
Income Protection Cover enables you to protect your income.
How much cover is enough?
Only you know the answer to this.
It is the level of financial compensation you and your family would like to receive,
should you be unfortunate enough to suffer an insurable event.
As a suggestion, this typically includes amounts to cover:
Debt
Children’s Education
Ongoing annual income support
Our philosophy is: Never have more cover than is required for your specific circumstances and always have it price competitive.
Types of Cover we can assist with:
Income Protection Insurance (including Needlestick Cover)
Life Insurance
Total & Permanent Disability (TPD) Cover
Trauma Insurance
Business Expenses Insurance
Business Succession (Buy/Sell) Insurance
Key Person Insurance
Summary of Covers
| Cover | Cover Amount |
Possible to be paid from your existing Superannuation |
Type of cover |
|---|---|---|---|
| Income Protection |
75% of your income (Up to approx. $300,000 pa, then on a sliding scale) |
Partial payment possible |
Monthly benefit paid after a wait period if you are unable to work due to any sickness or accident whether work related or not. It is payable until you go back to work (Or a partial benefit if you go back part time) or until expiry age e.g 65yrs if you never go back to work. Payments are tax deductible. Agreed value - Financial information is provided to the insurer at the application stage and is agreed to be paid at claim time. Indemnity - The insurer requires financial information to be provided at claim time to calculate the amount to be paid. The risk is that the amount paid can be less than initially applied for for due to fluctuations of your income. |
| Life | Your choice | Yes | Lump sum paid on death. |
| Total & Permanent Disability (TPD) |
Your choice | Yes or at least partial payment possible |
Lump sum paid if you are totally and permanently unable to work either Own Occupation - Unable to work in your specific occupation. Any Occupation - Unable to work in any occupation that you are reasonably trained. |
| Trauma | Your choice | No | Lump sum paid on diagnosis of one of about 40 scheduled events such as heart attack, cancer & stroke. |
What happens if I need to make a claim?
This is the most important aspect of what we do
We understand how stressful it can be at claim time and our role is to minimise the stress to you or your loved ones by managing the claim on your behalf
We work with you to
1. Complete all the appropriate paperwork
2. We lodge the claim with the insurer
3. We liaise with the insurer to assist them to maximise the compensation paid
to you based on your specific cover in the quickest possible time
With our full-service approach combining accounting, taxation, investments and insurance
we can ensure your financial well-being during those difficult times.
Which Insurer is best for me?
There are 12 insurers in the Australian Personal Insurance Market.
The right one for you is the one that:
✔ Offers you the best cover for your needs & circumstances
considering things like your age, occupation & medical conditions
✔ Cost effective for your circumstances
✔ Most importantly: pays claims with minimum fuss & in reasonable timeframes
We deal with all insurers and recommend an insurer that is specific to your needs & occupation.
Why do I need a broker?
Insurance is a contract and as with all contracts you need someone with expertise to understand it.
Contact us for a free no obligation chat about how
we may be able to help YOU