When it comes to protecting your financial future, you may have heard of personal risk insurance – but do you really need a dedicated risk advisor to help you with it? For many Australians, the answer is a resounding yes.
A risk advisor’s role is to ensure you and your family are financially protected when life takes an unexpected turn. Imagine suffering an accident, or health concern that leaves you unable to work, risk insurance can ensure you don’t suffer financially.
What does a risk advisor do?
A risk advisor protects your financial security by tailoring personal risk insurance solutions to your specific needs. Every individual and family have unique financial circumstances, and a one-size-fits-all approach simply doesn’t work when it comes to your future.
A risk advisor works closely with you, alongside your accountant, financial advisor, and other key professionals, to assess your personal and professional situation. This collaborative approach ensures that the right types of insurance are in place to suit your needs.
Types of insurance a risk advisor can help with.
A dedicated risk advisor can assist with a wide range of personal and business insurances, including:
- Income Protection – Ensures you continue to receive an income if you’re unable to work due to illness or injury.
- Critical illness cover (Trauma insurance) – Provides a lump sum payment if you’re diagnosed with a serious medical condition.
- Total & permanent disability (TPD) insurance – Offers financial protection if you’re permanently unable to work.
- Death benefit (Life insurance) – Provides a lump sum payment to your beneficiaries if you pass away.
- Business Expense Insurance – Covers fixed business expenses if you’re unable to work.
- Key person insurance – Protects businesses against the financial loss of a key employee.
- Succession planning insurance – Ensures business ownership transitions smoothly if a partner exits due to illness, injury or death.
Ongoing support as your life changes.
One of the most valuable benefits of working with a risk advisor is the ongoing support they provide. As your circumstances change – whether you buy a home, start a family, change jobs or expand your business – your risk advisor reviews and updates your insurance to ensure you remain appropriately covered.
Support when you need it most – Claims assistance.
If you ever need to make a claim, your risk advisor becomes your advocate, managing the claims process and ensuring you receive your entitlements quickly and efficiently. With expert guidance you can focus on what matters most – your recovery and your family.
Is a risk advisor right for you?
If you value financial security and want tailored insurance that grows with you, engaging a risk advisor is a proactive way to protect yourself, your family and your business for the long term.
Contact the experts at Cutcher & Neale today and protect your tomorrow.
Megan is a Partner in Cutcher & Neale’s Specialist Medical Services Division and has over 20 years of industry experience.
Megan is an expert in the taxation field, with a niche specialisation in advising medical professionals.
