life insurance

Likewise, we hope that we never need to help our clients make a claim, but unfortunately, this does happen and certainly forms part of the way we support clients in times of need.

Sadly, in the last year, we have seen five claims come through our business.  I cannot explain the level of financial relief these clients experience when a claim is paid. It has an immeasurable effect on their ability to move forward, free of financial hardship and with peace of mind.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

Business estate planning, or succession planning, looks at arranging your business affairs should a key person or owner of the business exit. The aim is to avoid any detrimental effect to the continuity, revenue or profit of the business.

When there is no formal plan or agreement in place between owners, it can result in beneficiaries inheriting a controlling interest in the company.  The beneficiaries may not have the skill, experience or expertise in playing an active role within the business. They may simply want to sell their share. This can lead to various risks including:

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

How does that impact your retirement?

You’d support them – of course you would, you probably wouldn’t think twice about it. But that potentially leaves you with much less financial freedom to live your retirement dream.

And this is why we are seeing parents take out insurance policies for their adult children. In many cases even paying for the first year or two of premiums (for someone in their 20’s, in the early stages of their careers, the cost of income protection is very low).

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

Insurance is a component of financial planning that is too often an afterthought – or not thought of at all!  We tend to avoid thinking about our own mortality or anything tragic happening to us. Nobody really likes paying for insurance either, especially seeing as you’re not typically getting anything in return for your money (if you’re lucky)! But I guarantee in some cases it can end up a whole lot more expensive, and a lot more stressful, if you don’t have personal insurance.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

 

Your ability to earn an income could be your biggest asset. If you can't work, you can't earn. And if you can't earn, then what?

If you've got an income to protect, a family that relies upon you then watching this could be a worthwhile 3 minutes (or less)!

 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

Sometimes we are comfortable with the level of risk involved. In other situations we look to insurance to avoid significant financial impact. You don’t think twice about insuring your car or your home – do you?

Yet why do so few people place importance on insuring themselves? In most cases, YOU are your greatest asset. Unless you’re of retirement age, your ability to generate income is essential to your quality of life. Imagine if you lost the ability to earn. How would that change your life?

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

Money Mentors Podcast
Why Insurance is so important, ep #19

Listen in stitcher
Listen in iTunes:

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

life insurance

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.