Regional Financial Planning
OUR SERVICES
We have a Best Interest Duty which ensures our advice is tailored to your insurance needs. This entails us undertaking an analysis of your current financial and lifestyle situation and applying our advice methodology to ensure the strategies we recommend suit your insurance goals. This recommendation is our advice and will be detailed within a Statement of Advice.
​
Our advice does not address any other financial planning need other than Personal Insurances. If you proceed with our advice and you feel that you would like advice in any areas not addressed, or if you would like to vary the advice in any way, we can facilitate this request at the time.
​
The scope of our advice is limited to detailed Insurance Advice and therefore should not be considered as full or holistic financial plan.
You should consider our advice with regard to your overall financial situation. We are proud to say we are not investment advisers, retirement experts, or superannuation consultants. We are Insurance specialists, and our advice reflects what we do best, providing quality personal and business insurance advice.
At Regional Financial Planning, we understand that your loved ones and financial well-being are of utmost importance. That’s why we offer comprehensive Life Insurance, TPD, Trauma and Income Protection solutions tailored to your unique needs. With us, you can build a secure foundation for your future, ensuring peace of mind for you and your family.
Life Insurance
Pays a lump sum benefit amount if you die or are diagnosed as being terminally ill. Life cover is available inside and outside superannuation. There are tax deductible benefits (personal contributions) with paying your life insurance premium inside super, however there could be taxation concerns if that benefit is paid to certain beneficiaries.
Trauma Insurance
Pays a lump sum benefit amount if you are diagnosed with a specified trauma condition (Cancer, Heart Attack, Stroke and other serious neurological conditions) and survive 14 days from the date of diagnosis. The benefit amount could be used to help pay for out-of-pocket medical costs and cover short-term loss of income. This can allow you to focus on recovery rather than worrying about the bills.
​
Total & Permanent Disability (TPD) Insurance
Pays a lump sum benefit amount If you become totally and permanently disabled because of sickness or injury and are unable to work again or meet certain criteria. TPD Cover is available inside and outside superannuation. There are tax deductible benefits (personal contributions) with paying your TPD insurance premium inside super, however there could be taxation concerns which will need to be considered when developing the sum insured.
Income Protection
Income Protection is designed to replace up to 70% of your gross income in the event of sickness or an accident (injury). This is paid as a monthly benefit in arrears after you serve a waiting period. Please note, the monthly benefit is a taxable amount and may impact your actual income needs. We can insure 100% of your employer made contributions to Superannuation on top of this amount.
​Protecting your business is paramount. Business Risk Insurance is a crucial element of any comprehensive business plan, designed to safeguard your enterprise from the financial fallout of unforeseen events. It's not just about protecting your assets; it's about ensuring your business can survive and thrive even in the face of adversity. These business risk insurance strategies are often built upon the foundation of personal risk insurance products, strategically structured to address specific business needs. A well-tailored Business Risk Insurance strategy can provide coverage for a range of potential threats, including:
​
Key Person Insurance
This covers the financial loss your business would suffer if a key employee – someone with unique skills, knowledge, or client relationships – were to die or become disabled. It can help cover the costs of finding and training a replacement, as well as the potential loss of revenue.
​
Buy/Sell Insurance
This specialized insurance facilitates a smooth transition of ownership in the event of a partner, co-owner, or shareholder's death or disability. It ensures that the remaining owners can afford to buy out the departing owner's share, preventing disruption to the business and providing fair compensation to the deceased or disabled owner's family.​