Personal Insurance
Comprehensively Insured
While we can’t predict the future, there are measures we can all take to shield ourselves from the financial consequences of life’s uncertainties. Most of us insure our homes, our cars (even our pets!) but fail to adequately insure ourselves.
At Metis we ensure our clients are comprehensively protected by a robust insurance portfolio to protect your family and keep you on track to achieve your financial goals despite life’s hurdles.
Types of Personal Insurance
Personal insurance provides you with a financial benefit if you are unable to work due to injury or illness and comes in four types.
Life
Life cover provides a lump sum payment that can assist your loved ones if you were to pass away.
Total & Permanent disablement
Total and Permanent Disablement (TPD) cover provides a lump sum payment if you are no longer able to work due to injury or illness.
Trauma
Trauma insurance will provide a lump sum payment to you in the event you suffer a listed traumatic medical event.
Income Protection
Income Protection provides a regular monthly payment if you are unable to work due to injury or illness. A comprehensive policy will provide replacement income of up to 70% of your taxable income plus superannuation guarantee.
Your Tailored insurance portfolio
At Metis Private Wealth we work with you to determine the types and amounts of cover that you need then tailor an insurance portfolio that is affordable now and into the future.
Troy is 30 years of age and happily married with two young children. He is currently employed as a software engineer earning $100,000 a year excluding super. Although Troy is with his employer’s default super fund, he knows that he has some insurance cover included in the account but hasn’t really checked. Motivated to protect his family and his income, Troy meets with a financial adviser and together they identify that he has included Life and TPD insurance policies attached to his current fund valued at $200,000 each. Troy is immediately concerned as this wouldn’t even be enough to cover a quarter of his mortgage if he could no longer work or passed away.
Troy and his wife Laura explain that if tragedy should ever strike, they would like to have enough to payoff their mortgage, replace his income, and pay for their children’s tertiary education. Their financial adviser calculates that to achieve these goals, Troy will need $2.2 million of Life and TPD insurance cover. In addition, he recommends that Troy apply for Income Protection that will provide for Troy and his family should he be unable to work temporarily due to illness or injury. Troy is also concerned about the impact of premiums on his cashflow, and as such, his financial adviser recommends that only a portion of the premiums be paid from his cashflow, with the balance to continue being paid from his super.
Although the above case study is only an example, we have helped many clients in the same situation and the best time to apply for cover is before you need it!
Testimonials
What our clients say?
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Sam helped us find a super fund and strategy that aligned with our long-term goals. Sam also helped us review our mortgage and explore the right income protection coverage. It’s such a relief knowing that my finances are in good hands and that we have a concrete strategy for our future.
“If you’re looking for a financial advisor who’s knowledgeable, friendly, and genuinely cares about your financial future, I highly recommend Sam and Metis Private Wealth.”
Alex
Stephen
Heath
Lachlan
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He is one of the friendliest people I’ve ever met and makes himself available at any time of any day to assist. His expertise, approachability, candour and dedication to his clients is second to none. I couldn’t recommend him enough!”
Shannon
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