Personal Insurances

Most of us insure our cars and homes, but often we place less importance on our greatest asset - our lives. A good financial plan is of little value if it doesn’t protect you financially if your source of income is cut off.

What about death and disablement insurance for your non-income earning partner? The cost of replacing functions
such as child rearing and housekeeping can be considerable. So too, can the cost of looking after a permanently
disabled person.
AXIS can help you select the best personal insurance plan to suit your circumstances, as we are not aligned to any
insurance companies, but are able to provide comprehensive comparisons for policies available. The cheapest cover is
generally available through your employer’s super fund, but you may need additional cover.

Life Insurance
Life insurance is pure financial protection against death and total permanent disablement. The cost depends on the type of cover selected. AXIS can help you conduct regular reviews to ensure that you are not under or over insured and that the package is relevant to your needs.

AXIS will structure your cover to take advantage of any tax concessions that may apply. We will also consider:

     Your current assets and liabilities
     How much your family would need to maintain their desired standard of living
     Costs of a housekeeper, day care, etc. should these services need to be replaced
     Costs of caring for you as a totally and permanently disabled person

Term Insurance
This is pure financial protection against the event of death and total and permanent disablement. It’s paid as a lump sum, at an agreed value, for an agreed premium. Term insurance is the most cost effective way of gaining this type of cover.

Trauma Insurance
This provides a lump sum payment following the diagnosis of an injury or illness. It will help you cover the cost of medical bills, treatment, financial hardship; changes to lifestyle and loss of income. This protection is worldwide and may also incorporate death cover and total disability as an optional extra.

Income Protection Insurance
The chance of being disabled by illness is 33 times greater than by accident. In fact, one in three Australians will suffer a long-term disability or sickness. There is no guarantee that your employer will pay your salary indefinitely if you are disabled (usually up to two years) and worker’s compensation may not apply, or may take years to settle. Even if you are eligible, Government benefits will not maintain your standard of living.

Protecting your income through insurance is critical. AXIS can help you select the best income replacement insurance for your needs, ensuring a regular flow of income, usually for up to 5 years or to age 65 years. And because this type of insurance is to protect your taxable income, premiums paid are fully tax deductible.

For all your personal insurance needs, whether it be a quotation or for
a full analysis of your circumstances call AXIS or complete
one of these questionnaires and forward it to our office.