WMP Group

Financial Planning

Call: (08) 9368 6030


A critical element in ensuring you achieve your financial goals is security and protection against life’s unexpected events. The team at Wealth Management Partners can provide the expertise in sourcing the right insurance solution for yours and you families specific needs.

Over the years we have developed excellent relationships with a wide range of insurance providers and are therefore able to source the right solution to complement your financial standing.

There are four critical elements to consider when securing your financial security, these are:

Life insurance

As well as having a huge emotional impact, death can create financial burdens for our families that can lead to significant stress at the time they are least able to cope with it. Have peace of mind knowing that your family’s financial future is secure, by providing for them when you may no longer be able to. With access to a wide range of reputable products, we will gain a thorough understanding of your circumstances and apply the most suitable form of protection for you and your loved ones.

Income Protection Insurance

We believe that no client should be without adequate income protection. While nobody expects an interruption to their income as a result of an injury or illness; accidents and sickness can strike when you least expect it. With income protection, at least if your situation does change temporarily, you will be able to continue to support your family and pay necessary bills. There are many income protection products in the market and WMP will work with you to ensure that you have peace of mind that your specific financial commitments are met.

Critical Illness Insurance

Trauma insurance provides a lump sum payment to help you financially while you take time out to recover from a serious illness. It is designed to pay out on diagnosis (or occurrence) of one of a list of specified serious medical conditions and procedures. Each insurance company maintains their own list, but they generally include serious medical conditions such as cancer, heart attack or stroke. Experts say that around half of all Australians aged over 30 will suffer at least one of the seven health conditions that can lead to long-term disability and consequently a long-term loss of income. A worrying statistic but one that can at least be eased by ensuring you have adequate protection should a critical illness arise in your family. The inability to work and medical expenses for treatment and rehabilitation can have a serious impact on your financial situation and quickly! Securing your finances in times such as this can relieve some of the stress and allow focus to be on getting better.

Total and Permanent Disability Insurance

Total and Permanent Disability insurance (TPD) is designed to help take the pressure off you financially if you suffer an illness or injury that leaves you totally and permanently disabled. The lump sum benefit paid is often used to eliminate debts, pay for medical expenses or fund permanent lifestyle changes. For example, moving to a home that is more accessible for your condition. The definition of what a total and permanent disability is will vary depending on the particular product and insurance policy. Most companies allow you to choose whether you want coverage against: being unlikely to be able to work again in your own occupation following an illness or injury or, being unlikely to be able to work again in any occupation following an illness or injury. Your WMP Adviser will assess your current situation and medical history to determine an appropriate level of cover for your needs.

Perth Office

129 Melville Pde, Como

Postal Address

PO Box 1408, South Perth WA 6951

P 08 9368 6030

F 08 9368 5798

E admin@wealthmp.com.au


This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information.

Wealth Management Partners Pty Ltd ABN 74 103 533 455 are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning, an Australian Financial Services Licensee which has its registered office at 105-153 Miller Street, North Sydney NSW 2060 and a member of the National Australia group of companies.

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