Why do I need personal insurance?

Protection against life’s uncertainties is sensible financial management. Investing in personal insurance will ensure that you and your family can continue to enjoy the quality of life that you want. Having insurance can provide financial protection for your family’s personal needs. Insurance can be structured to provide for such things as the repayment of your debts upon death or disability, financial assistance for dependants and protection against the loss of income.

You insure your car and your home. But NOTHING is more important than your life and your ability to make a living. So it makes good sense to insure your greatest asset – YOU!

Read our Financial Services Guide for more information.

What is life insurance?

Life insurance is a protection against financial loss that would result from the premature death of an insured. The Beneficiary receives a lump sum which is agreed upon at the time the protection is taken out and is thereby safeguarded from the financial impact of the death of the insured.

What is TPD Insurance?

TPD cover pays a lump sum to assist with general living costs & medical expenses etc. if you become totally and permanently disabled and are unlikely to ever work again in either an occupation for which you are reasonably qualified for by education, training and experience or your own occupation, depending on which “occupation category” is chosen.

What is Trauma Insurance?

Trauma insurance pays you a one-off lump sum if you have a serious medical condition e.g cancer, heart attack, stroke or an accident. You could use the benefit to pay medical conditions, replacement income or anything else to assist with recovery.

What is Income Protection?

Income protection cover offers to pay you a monthly benefit if you are unable to work for a certain period of time because of illness or injury. This insures you for a set level of your income (commonly 75% of your gross salary) and will pay you at that level until you are able to return to work or for the agreed period of time – whichever is sooner.


Trudy Heins is a Sub-Authorised Representative No. 000248550 of Wholistic Financial Coaching Pty Ltd Corporate Authorised Representative No. 405607 of GPS Wealth Ltd | AFSL 254544 | ABN 17 005 482 726

The information provided on this website has been provided as general advice only. We have not taken into account your financial situation, objectives or needs. You should therefore consider the appropriateness of the information and advice in light of your own personal situation before acting on the information provided. If the information relates to the acquisition of a particular financial product, you should obtain a Product Disclosure Statement (PDS) and consider it before making any decision.

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Email Address: info@gpswealth.com.au | Head Office: (02) 8074 8599

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