Wealth Protection
Life takes twists and turns that we can’t always see coming.
That’s why it’s so important to be prepared for life’s unexpected moments — you don’t want to leave it to chance.
An accident, illness or the death of a working-age parent can have a major impact on a family’s financial wellbeing. Yet research by Rice Warner Actuaries shows that more than 95 per cent of Australian families do not have adequate insurance cover.
Having the right protection in place can help safeguard your family, your lifestyle and your income if the unexpected occurs.
Types of cover
There are several types of cover that sit under the broad heading of life insurance:
- Life cover (term life insurance or death cover): Pays a lump sum when the insured person dies. The payment goes to the beneficiaries nominated on the policy.
- Total and permanent disability (TPD) cover: Provides financial support if you become totally and permanently disabled, helping cover rehabilitation, debt repayments and future living costs. Often bundled with life cover.
- Trauma cover (critical illness or recovery insurance): Pays a lump sum if you are diagnosed with a specified serious illness or injury such as cancer, stroke or heart attack.
- Income protection: Replaces a portion of your income if you are unable to work due to illness or injury.
How we can help
At Harvest Wealth, we can help you understand your options and put the right protection in place for your circumstances.
We have access to a wide range of insurers and can tailor a wealth protection plan that fits your needs and budget. Our goal is to make the process simple and give you peace of mind that you and your loved ones are financially secure — no matter what life brings.
Aren’t I already covered through work or the government?
You may have some cover through work, superannuation, or government schemes such as WorkCover, sick leave or social security. However, these benefits often come with limits, waiting periods and conditions — and may not be enough to maintain your lifestyle or protect your family fully.
To discuss your wealth protection needs, contact one of our qualified advisers at Harvest Wealth Services on (03) 9557 3188.