Attention: Sunshine Coast Medical Professionals
The personal insurance cover within your Super fund may have recently been changed without your permission.
These changes could leave you with inadequate insurance cover and you may not ever know about it until it’s too late.[/text_block]
Invest4Life are here to help! Don’t delay, contact our expert team today
to see if your insurances have been affected.
Your existing Personal Insurance cover may not be adequate for your family’s needs.
Specific Insurance Considerations for Medical Professionals
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Insurance Within Your Super May Not Be Guaranteed
Some superannuation funds can change your insurance cover without your consent. The level of cover, waiting and benefit periods can be modified at any time by the fund administrator. A ‘Guaranteed Renewable’ policy can help provide you with the peace of mind your family deserves.
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Your Income Should Be Protected
Having quality Income Protection cover is of particular importance to Medical Professionals. You may have debt obligations such as a home loan or investment property loans, the ongoing repayment of which is dependent on your ability to earn an income. It is worth asking yourself the question, ‘If you were unable to work due to sickness or accident, how would my family survive?’
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Analysis of Insurance Needs
Following our initial discussions we will conduct an analysis of your estimated personal insurance needs, given the potential costs involved for your family if you became unable to work due to sickness or injury.
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Produce Tailored Insurance Advice
Invest4Life utilises advanced insurance comparison software to help determine the most appropriate product for you, given your needs, objectives and budget for personal insurances.
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Support Through The Application Process
Invest4Life will liase directly with the insurance provider to help you through every step of the application, including arranging any medical requirements.
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Assistance In Processing Your Claim
Invest4Life will act as your representative in the event of a claim to help ensure you are paid the benefits you are entitled to. We have many years of experience in getting claims paid – over $20 million and climbing!
Your most valuable asset is your ability to earn an income.
5 reasons why your existing personal insurance cover may not be right for you
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1
Not Guaranteed Renewable
Your policy may be subject to change without your consent, leaving you with uncertainty regarding your entitlements should you need to claim.
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2
Restricted Benefit Period
Your Income Protection policy may have an insufficient benefit period for your family’s income requirements in the event of a claim.
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3
Restricted Waiting Period
Your Income Protection policy may require you to be unable to work for up to 2 years before benefits begin to be paid. For how long would your family be able to survive without your income?
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4
Over Insured or Under Insured
Do your levels of cover adequately reflect your family’s insurance needs? In particular, underinsurance is a known problem in Australia, and it is estimated that only one third of the working population have adequate Income Protection insurance.
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5
You Could Be Paying Too Much Tax
The way you structure your personal insurance cover can have tax advantages and disadvantages, and your existing cover may not be best structured for your circumstances.
What A Respected Medical Specialist Has Said About Invest4Life
To whom it may concern,
In 2013, my career as a medical specialist suddenly and unexpectedly came to an end.
A simple paddle boarding accident lead to six months in and out of hospital, and eventually to spinal surgery. My attempt to return to work proved to not be possible.
Thankfully I had both an income protection policy and Ken Ramsay on my side.
Ken has proved to be an invaluable insurance broker, negotiator and friend during a very stressful time.
At times negotiations with the insurance company proved difficult, and Ken was always there to work on my behalf and ensure that I received all my entitlements.
I believe that income protection insurance was the best financial investment I ever made, and Ken was the right person to ensure I had the right policy, that there were no “fine print” issues which could leave me exposed, and that I had an advocate long after my premiums stopped.
I recommend Ken’s services without reservation and I am happy to discuss these matters.
Dr. Ken Wishaw
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The humble beginnings of Invest4life were in Emerald, a mining hub of Queensland, and in 2002 the company relocated to Sippy Downs on the Sunshine Coast where we have grown into a select financial planning business with a proven record of excellence and innovation.
We are committed to obtaining a full understanding of our client’s unique needs and tailoring our advice to maximise the benefits of all available opportunities and strategies.
Our office is located at 1 University Way Sippy Downs QLD.[/text_block]
Ken Ramsay is our senior Financial Adviser and business founder.
A passion for assisting those looking to improve their financial situation drives Ken to continue with success and knowledge being shared by all his clients.
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Request a no-obligation consultation with
Ken Ramsay and Invest4Life
Simply fill out this form or call our office on 07 5456 1355.
Invest4life Pty Ltd (ABN 27 108 300 483) is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd (ABN 47 097 797 049) AFSL and Australian Credit Licence No. 236523. This information is general information only. You should consider the appropriateness of this information with regards to your objectives, financial situation and needs.
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