Insurance advice

Helping you plan for the unexpected

Financial protection planning can bring peace of mind in the event of the unexpected happening, meaning you and your family can remain financially stable and maintain your current standard of living.

We often underestimate our own value. We insure our homes, our cars and our pets but we forget about life protection and insuring our incomes.

Deciding what type and level of insurance to take can be a challenge, especially without the right advice.

A Fairstone financial planner can provide you with independent financial insurance advice and help you find the products to protect your specific needs and circumstances.

Life & critical illness protection

Taking out a life insurance policy can put financial provision in place for your family in the event of your death.

You have three main life insurance options:

  • Whole-of-life insurance
  • Term assurance
  • Critical illness cover

Home insurance

While buildings and contents insurance may sound straightforward it is important to remember that the cost of replacing everything that you own at the same time could be financially crippling for you and your family.

It is also important to make sure you aren’t under-insured, especially if you own a high value home as more often than not, this can mean higher value repairs in the event of damage.

Similarly, if you own a farm or country house you will need more than a simple home insurance policy as you will need to take machinery, land and livestock into consideration.

Income protection

According to research by Unum and Personnel Today, just 12% of employers support their staff for more than a year if they are unable to work through sickness. Despite this, only 9% of those surveyed were insured to cover a loss of earnings.

Income protection is a long-term policy that is designed to pay a regular income should you develop an illness or injury that prevents you from earning. It will continue to pay out until you are able to return to work, retire, or until the policy ends.

Your Fairstone adviser will be able to help you find the right policy that meets your needs and objectives.