Understanding Insurance

text size :


Life insurance is not a simple purchase but there are many options which claim to make it easy and stress free. However, are they the best options and are consumers making the right choices?

Brown & Bird Financial Planning is familiar with risk insurance and assists clients to develop their own family protection plan.

We often explain the different forms of insurance cover to allow you to make informed discussions about your future. These insurance include:

  • Life insurance provides the capital at death for things like mortgage payout, capital funds for kid’s education, lifestyle requirements for your family and income for your partner.
  • Trauma cover provides capital in the event of specific illness, accidents or events. This part of your protection planning pays out to the living.
  • Income protection provides a regular income as a percentage of your earnings for a specific time. This product pays out to the living.

An employer super fund may or may not provide these things, and even if they do, superannuation funds may not necessarily provide the real sums insured needed for your specific circumstances. At the same time, the government’s support through Centrelink Age pensions is being critically looked at.

If there isn’t going to be enough money to do those things that are most important to you, then you definitely need to talk to Brown & Bird Financial Planning to create your own Family Protection Plan allowing you to sleep easily at night.

Contact us today to arrange an initial meeting to discuss how we might be able to assist you.


This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial planner and seek tax advice from a registered tax agent. Information is current at the date of issue and may change.