PERSONAL RISK INSURANCE
Building a successful business not only requires hard work and sacrifice, but a sensible approach to managing business risk. Business owners do a great job protecting their business but often overlook themselves. What you value most could be at risk without the proper life insurance.
In July 2018, our membership of the AUB group allowed LEA Insurance Brokers to further strengthen our client offering in this area by combining the strength and staff of LEA Life with the ABFS group of companies; specialists in the personal insurance space.
Through the team at ABFS (QLD) a tailored plan can be put together for you and your business; catering to your specific needs and ensuring you have an appropriate amount of insurance in place, aren’t paying too much, have quality policies that pay at claim time, and have the correct structure.
Contact the staff at ABFS (QLD) Pty Ltd directly by phone on 07 5538 8988 or email lifeadvice@abfs.com.au. Alternatively contact us for an introduction.
FEATURES & BENEFITS
Keyperson Insurance
Protecting your company should a key employee be unable to work
Partnership Insurance
Cementing shareholder succession in the wake of a partners death or disablement
Life & TPD Insurance
Providing protection against debts and funding lifestyle expenses for yourself and/or family
Income Protection & Business Expenses
Providing a monthly benefit if unable to work due to injury or illness
Trauma Insurance
Protect against medical costs in the wake of a critical illness such as heart attack and cancer
Child Cover
Protecting the entire family
Life Insurance for the business, business owners and families
The insurance that you have as a business owner or employee can affect the insurance you have to protect yourself and family. It’s important to balance these and make sure your overall strategy is structured in the correct manner, flowing from one to the other without restriction.
Advantageous Underwriting Assessment
As a result of their size and strength in the market, ABFS are able to access advantageous underwriting assessments for clients, resulting in significant premium reductions for those clients that may otherwise be paying premium loadings from adverse medical conditions.
Structure & Ownership of Policies
With ever changing rules on taxation, beneficiaries and policy definitions, it is important to ensure that your insurance is structured effectively, maximising the tax effectiveness of premiums and claims for you and your family, your company and beneficiaries.
Premium Structure
Premiums can increase over time leaving individuals struggling to pay premiums at an age when it is needed most. Utilising the right premium structure can ensure that coverage can remain affordable in the immediate future, all way through to retirement.
Our Role
LEA Insurance Brokers do not provide any advice in relation to life insurance or superannuation. Nothing on this page should be read as endorsing or recommending life insurance to you. We refer you to ABFS (QLD), who under an agreement, may provide us with a referral fee. Should you engage their services, this fee will be fully disclosed by them at the time of their providing advice.
The information on this page (including taxation) should not be taken as personal advice as it has not been based on any one person’s personal objectives, financial situation or needs. Before acting on any information or advice, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. You should obtain a Product Disclosure Statement relating to the products mentioned, and consider the statements before making any decision about whether to acquire products.
ABFS (QLD) Pty Ltd (ABN 90 107 534 501) is a Corporate Authorised Representative of Millennium 3 Financial Services Pty Ltd (ABN 61 094 529 987) (AFSL 244252). The views expressed in this publication are solely those of the author; they are not reflective or indicative of M3’s position and are not to be attributed to M3. They cannot be reproduced in any form without the express written consent of the author.
