Been a tough old year.
An important component of a great wealth management plan especially for young business owners and professionals is to ensure that they have suitable personal protection plans in place.
In the last 12 months, the team at Evolution Financial Planning has assisted a small number of clients with claims for personal protection policies that we have implemented over the last 20 years.
1. a manufacturing business owner who had suffered a stroke in 2014 but didn't feel that it was "serious" enough to meet their trauma cover definition. They got their full payout with BT Life.
2. a local business owner suffered a heart attack and is now on the heart transplant list. She received her full payout for trauma from Asteron Life now known as TAL Australia
3. An Accountant diagnosed with cancer has been able to access their full terminal illness cover and is now able to focus on their health and not have to worry about taxes or having to go back to work. AIA Australia was very supportive and pro- active in administering this claim.
4. A local medical practitioner has just been diagnosed with Parkinson's disease and we are currently processing the claim paperwork for trauma and income protection. Asteron Life now known as TAL Australia are the insurer for this claim.
While this has been a tough period for these clients, it has been a time where our firm along side our insurer partners has allowed us to highlight the strength of advice.
None of these clients expected to use these proceeds but our advice has been able to support them when times have got tough for them.
Insurers do pay out on policies and medically underwritten policies offer greater certainty than any group cover policy.
Lean on our experience and get the best advice you can to protect your family's financial foundation.
