Insurance is a way of providing money for yourself and your loved ones in the unfortunate event of your illness, injury or death. When you buy insurance, you enter into a contract with an insurance company that promises to provide you or your beneficiaries with a certain amount of cash in an agreed set of circumstances. Generally these circumstances are your death, permanent disablement through accident or illness, a major medical trauma, (such as stroke or heart attack) or in the case of Income Protection a temporary time off work due to accident or illness.
In return, you make periodic payments, called premiums. The premium amount is based on factors such as your age, gender, medical history, the type and dollar amount of cover that you have decided to purchase.
Insurance is an important part of a complete financial portfolio. Understanding basic insurance principles and discussing your needs with a licensed financial planner will help you make an informed decision about the type and the amount of insurance that is appropriate to your situation.
At CPB we can provide you with a range of quality Insurance and Asset Protection options using products provided by;
Authorised Representatives of Finplan Advice Pty Ltd ABN 16 630401713
Australian Financial Services Licensee 514281
285 St. Vincent St.
Port Adelaide SA 5015
Ph: (08) 8341 2411
Fax: (08) 8341 1490