Wealth Protection (Insurance)

By Handre Vlok – Principal Financial Planner at Altum Independent Financial Advice

Altum Independent Financial Advice helps clients review life insurance, income protection, TPD and trauma cover so their insurance arrangements are aligned with their broader financial plan.

What We Focus On

• Life insurance
• Income protection insurance
• Trauma insurance
• Total and permanent disability (TPD) insurance
• Insurance through superannuation
• Policy review considerations
• Insurance ownership structures

We explain insurance options clearly so Canberra and ACT clients can better understand available cover types, structures, and policy considerations.

Additional Considerations

Insurance needs vary depending on:

• debts,
• dependants,
• employment arrangements,
• income levels,
• and broader financial objectives.

Insurance held through superannuation may involve different taxation outcomes, ownership structures, and policy features compared to personally owned policies.

Book a 20-minute introductory call to discuss your financial goals, ask initial questions and consider whether financial advice may assist.

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Frequently Asked Questions

What is income protection insurance?

Income protection insurance may provide financial support if illness or injury prevents a person from working, subject to policy conditions.

What is the difference between TPD and trauma insurance?

TPD insurance generally relates to permanent disability affecting work capacity, while trauma insurance typically relates to diagnosis of specified medical conditions.

Should insurance be held through superannuation?

Insurance through superannuation may provide cash flow or taxation advantages in some circumstances, although limitations and policy differences should also be considered.

Useful Resources

MoneySmart – How Life Insurance Works
MoneySmart – Income Protection Insurance
Australian Securities & Investments Commission (ASIC)
ATO – Insurance Through Superannuation

General Advice Warning

The information on this page is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information is appropriate to your circumstances before acting on it, and seek personal financial advice where appropriate. Taxation, superannuation, investment, insurance and estate planning considerations can be complex and subject to change. Where tax, legal or other specialist advice is required, you should seek advice from an appropriately qualified professional.