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Risk Protection

Private health cover is an expense that almost 60% of Australians pay each year. Although there are a number of costs that this type of insurance will cover, it is important to understand that there may still be significant out of pocket expenses if struck down with a major injury or illness.
4 Corners have put together an interesting report on some cases in which Private Health Cover did not pay out as expected for major health issues, leaving the patients significantly out of pocket.

http://www.abc.net.au/4corners/mind-the-gap/9809314

Having a well-structured risk strategy is one way to ensure you are not caught out by this. Trauma cover, which covers a range of medical events including heart attack, stroke and cancer will help with the out of pocket costs. When coupled with income protection, major medical events will not be as financially onerous.


Private Health cover is a necessity for some and plays a very important role in many people’s lives, but it does have its limitations. To understand more about how to cover you and your family more comprehensively in case of a major injury or illness, give us a call.

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Lending Advice, Risk Protection

With interest rates as low as they are, it may be the right time to look at buying your first home; or if you have a younger family, it may even be time to think about upgrading to a larger family home. With the average Australian diving more into debt than ever before to achieve this, it becomes even more important to understand the following:

  1. Can I meet my financial obligations if unable to work?
  2. Can I continue my lifestyle should interest rates rise?

Having a well-structured mortgage that has been set up by an independent broker is your first step to surety around this. Personal insurance cover, in-particular income protection is the other safeguard to ensure you’re reducing risk where possible.
At ActOn Wealth we provide our clients with the clarity they need when making such large financial decisions.

If you are looking at buying a home, give us a call to discuss these important questions.

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Holistic financial solutions, tailored to your needs. Book a free initial consultation with an ActOn Wealth financial adviser.

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