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    Balance Accountants & Advisers
    Financial Services

Protect My Future

protect my future

Protect my future
Be prepared for life's emergencies.

Imagine what your family's life would be like if you or your partner died or became seriously ill and couldn't work. Would you be able to survive financially? Can you pay the mortgage and bring up your kids? Insurance can provide the money that you or your family need in critical times. It may not take away the pain of losing a job or a loved one, but it will ease the added pain of financial problems We can help you choose the most appropriate package of cover, taking into account your expenses, debts and personal goals.

Income protection insurance
If you're unable to work due to sickness or injury,

income insurance can provide a regular stream of funds totalling up to 75 per cent of your ordinary income. And the premiums are tax deductible.

Life insurance
A lump sum is paid

to your nominated beneficiaries in the event of your death. The payment may help your family and dependants cope with the financial burden left by your tragic loss.

Trauma recovery insurance
A lump sum is provided

if you suffer one of an extensive list of trauma events including cancer, heart attack and stroke. Total and permanent disability (TPD) insurance In the unfortunate event you become totally and permanently disabled, TPD insurance pays a lump sum to help you maintain your quality of life.

Business expenses insurance
If you own a business and sickness or injury stops you earning an income,

business expenses insurance provides a basic payment to help with day-to-day business costs.

Key person and business succession insurance
Business owners can help protect their business

against death, disability or serious medical trauma happening to a key person or co-owner by taking out an appropriate package of life, TPD and trauma recovery insurance.

Case study: Bill's insurance package
Bill just bought a new car for $30,000. He knew about the importance of car insurance, and did not drive away from the car yard before it was insured. Bill also recently purchased his first home for $500,000. After saving years for his deposit, there was no way he was going to leave it uninsured. Bill earns $60,000 per year and, like most people, he expects to be working until age 65. What he doesn't realise is that his income over the rest of his working life will amount to around $2.4 million dollars after tax. But he hasn't yet insured his income. And unlike the premiums for house and car insurance, the premium for Bill's income insurance will be tax deductible.

The Example is illustrative only and is not an estimate of the investment returns you will receive or fees and costs you will incur.
MDM Financial Services Pty Limited (ABN 78151835479), trading as Balance Financial Planning, is an authorised representative of Charter Financial Planning Pty Ltd, Australian Financial Services Licensee.
General Advice Warning
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.