FINANCIAL ADVICE · BRISBANE
Personal insurance and wealth protection advice in Brisbane
If illness or injury interrupted your income, what would still need to be paid? We help you review how personal insurance could support your family and financial commitments, alongside the resources you already have.
Book a complimentary 30 minute meetingA first conversation about your questions. We’ll agree the scope and fees before preparing personal advice.
START WITH YOUR COMMITMENTS
What would your finances need to support?
Insurance decisions begin with the people and commitments that rely on you.
Your household
Mortgage payments, day-to-day expenses and family responsibilities may continue even if your ability to earn changes.
Your working life
Your income, leave entitlements and business responsibilities affect the financial impact of time away from work.
Your changing priorities
A new job, growing family, lower debt or retirement can be a reason to reconsider the type and amount of cover you hold.
TYPES OF PERSONAL INSURANCE
Different cover serves different purposes.
We explain the role of each type of cover. Eligibility and benefit payments depend on the policy terms and the insurer’s assessment.
Life insurance
May pay a lump sum on death or a qualifying terminal illness. The amount and who receives it depend on the cover and ownership arrangements.
Total and permanent disability insurance
May pay a lump sum if illness or injury meets the policy’s definition of total and permanent disability. Definitions and work-related tests differ between policies.
Trauma insurance
May pay a lump sum for specified serious illnesses or injuries that meet the policy’s definitions. A diagnosis alone may not satisfy the required severity or other conditions.
Income protection insurance
May replace part of your income if illness or injury prevents you from working. Waiting periods, benefit periods, limits and exclusions affect when and how much is paid.
PUTTING COVER IN CONTEXT
Consider your needs, the terms and the cost.
We review existing policies as part of your wider financial position before recommending changes.
The amount of cover
Consider debts, dependants, living costs, savings and other resources. The aim is to assess the financial gap you want insurance to address.
What the policy covers
Look at definitions, exclusions, benefit limits and waiting periods, including any overlap with cover you already hold.
Inside or outside super
Available cover differs inside and outside super. Consider ownership, how premiums are paid and how benefits can be accessed. Premiums paid from super reduce retirement savings.
Affordability over time
Consider premiums alongside your other goals and how costs or cover may change. An affordable starting premium is only one part of the decision.
BEFORE CHANGING COVER
Understand what you would keep, lose or replace.
Replacing or cancelling a policy can affect benefits, exclusions and your ability to obtain new cover. An application may involve health and other assessments, and the insurer decides whether to offer cover and on what terms.
We explain recommendations and the agreed application support. Any benefits remain subject to policy terms. Our fees and any insurance commissions are explained as part of the advice process.
HOW ADVICE WORKS
A clear process, with room for your questions.
We begin with your priorities and existing arrangements. If advice is suitable, we explain the proposed work and fees before you decide whether to proceed. Any ongoing service is agreed separately.
Understand your priorities and current position
Agree the advice scope and fees
Explain your options and the practical next steps
COMMON QUESTIONS
Questions about personal insurance.
A review can help you understand your current cover before you decide what to do next.
Do I need more cover if I already have insurance through super?
Not necessarily. First check what you have, its terms and whether it suits your needs. We consider existing cover alongside your debts, income, family commitments and other resources.
Do I still need insurance if I have substantial savings?
Your own resources may reduce the amount of cover you need. The decision depends on how accessible those resources are, the commitments they need to support and the risks you are comfortable carrying yourself.
Is trauma cover the same as income protection?
No. Trauma insurance generally provides a lump sum for an event defined in the policy. Income protection generally provides regular payments when you meet the policy’s work and illness or injury conditions. Their purposes and terms differ.
Can you help review policies I already hold?
Yes. We can consider your existing cover and explain potential gaps, overlap and trade-offs. A review does not mean you need a new policy or should cancel existing insurance.
CONNECT THE WIDER PICTURE
Keep insurance connected to your wider plan.
Explore related advice, or browse our Education library for more articles.
Cash flow and debt
Consider premiums alongside regular expenses, debt and accessible savings.
Explore this topic → 02Superannuation and SMSF
Review the role of super, including any insurance held through your fund.
Explore this topic → 03Estate planning
Consider ownership and beneficiary arrangements alongside your wishes for your family.
Explore this topic →TAKE THE FIRST STEP
Let’s review what matters to you.
Bring your questions about existing cover, changing responsibilities or how insurance fits your plan.
Willow Wealth Partners home
Lobby 1, Level 2, 76 Skyring Terrace
Newstead QLD 4006
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Willow Wealth Partners Pty Ltd (ABN 57 666 182 556) is a Corporate Authorised Representative of Cobalt Advisers Pty Ltd (ABN 64 628 654 099), Australian Financial Services Licence 512550.
Important Information
Information contained on this website is of a general nature only. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.
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