Did you know that some policies issued by life insurers offer an additional benefit, to pay for a financial plan, should a claim be paid ?
For example, if an insured receives a Total and Permanent Disability Lump Sum claim, an insurer may pay the fees of a Financial Planner, up to say $5,000 to get a plan prepared on how best to use or invest that money.
Sometimes referred to as a “Financial Planning Benefit”, this can be very useful for a claimant.
Not all policies offer this, for example many superannuation funds that arrange TPD insurance for their members don’t have such a feature.
This is general information. To find out more, including which policies offer this and what the terms are, or how this may be relevant to your own needs, objectives and circumstances, contact us below.
Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) of Affinia Financial Advisers Limited ABN 13 085 335 397 AFSL No. 237857. This is general information and you should not act on it, or rely on it, without obtaining personal advice. Always read the product disclosure statement (PDS) issued by an insurer before considering to take out insurance. See our website for our Financial Services Guide.
