At Concurrence Financial Planning in Crows Nest, Sydney, we provide expert life insurance advice that delivers essential financial security and stability for your family. Life is full of unexpected twists and turns, while we cannot control what may happen, having a well-planned protection strategy is crucial to safeguard your wealth, maintain your current lifestyle, and protect your loved ones. Our advisor works with individuals and families across Sydney’s Lower North Shore to assess their circumstances and recommend the right level of cover across Life, TPD, Trauma, and Income Protection.
Why is life insurance advice in Sydney is important?
Many Australians maintain a relaxed attitude toward personal life insurance advice. While some may have coverage, it is important to recognise that existing life insurance policies may not offer sufficient protection against life risks. In Australia life insurance advice serves not only as a risk-mitigation tool but also as a source of reassurance. It provides peace of mind and offers financial security in the face of unforeseen circumstances.
Our expert financial advisor in Sydney, NSW is fully committed to delivering life insurance-tailored solutions. They will assess your individual circumstances and advise you on the most suitable coverage amount and policy type. This includes life cover, TPD, Trauma, or Income protection insurance. Trust our advisor to efficiently protect your life-risk protection goals and needs.
Life Insurance Cover Policy
A life insurance policy protects your loved ones financially in future upon your death, or on the diagnosis of a terminal illness
Total Permanent Disability
TPD cover pays you a lump sum benefit amount. This is provided if you are unable to work due to total permanent disability.
Trauma Insurance
Trauma insurance protects if you diagnosed with a specified medical condition or serious illness or injury
Income Protection
Income protection serves as an alternative for monthly income, like salary, if you are unable to work due to illness or injury.
How We Can Help You On Life Insurance Advice?
- We choose the suitable type of cover for a life insurance in Sydney for you on the life events to be covered
- We design and structure the risk insurance advice that aligns perfectly with every aspect of your finances.
- Help you to determine if the terms of life insurance are consistent with your objectives, financial position, and needs
- Help you to understand and get the optimum tax benefits through a life insurance advice.
- Review and find a personalised life insurance advice suitable for every stage of the life cycle and financial circumstances
- We continue our support and help you with your life insurance claim
Few Great Reasons to Choose Us As Life Insurance Advisor in Sydney
We are experts in the life insurance industry in Sydney, Australia and experienced in structuring Life, TPD, Critical Illness and Income protection insurance advice. We are seasoned in selecting the most suitable quality for insurance advice that sufficiently covers the client’s needs, family and wealth protection. Conveniently located in Crows Nest, we serve clients across North Sydney, St Leonards, Neutral Bay, the wider Sydney and North Shore area.
Top Insurers
Access to Australia’s leading insurers to find suitable life insurance policy
Your Advisor
We work only for you to protect your best interests
Obligation Free
No out of pocket expenses for advice on life insurance policies.
When You Need Life Insurance
Ensure financial stability and peace of mind in the face of unexpected circumstances by securing income protection insurance. This vital life insurance advice safeguards your livelihood. Whether you’re starting your career or lack sufficient coverage, it is essential in case of illness, injury, or accidents.
Frequently Asked Questions About Life Insurance in Australia
How much life insurance do I need?
The right amount depends on your personal circumstances including your income, debts, dependants, and lifestyle expenses. As a general guide, your cover should be enough to replace your income for a period that allows your family to maintain their standard of living, pay off the mortgage, fund your children’s education, and cover any outstanding debts. Our Sydney-based advisor in Crows Nest can compare both structures and recommend the most tax-effective approach for your situation.
What is the difference between Life Cover, TPD, Trauma, and Income Protection?
Life Cover pays a lump sum to your beneficiaries if you pass away or are diagnosed with a terminal illness. Total Permanent Disability (TPD) pays a lump sum if you become permanently unable to work. Trauma Cover (also called Critical Illness) pays a lump sum upon diagnosis of a specified serious illness such as cancer, heart attack, or stroke, regardless of whether you can still work. Income Protection replaces up to 75% of your regular income if illness or injury prevents you from working, typically paid as a monthly benefit. Many Australians benefit from a combination of these covers, and our advisor can help you determine which types are appropriate for your circumstances.
Should I hold life insurance inside or outside superannuation?
Both options have advantages. Holding insurance inside super means premiums are paid from your super balance rather than your take-home pay, which can ease cash flow pressure. However, insurance through super may have more restrictive policy definitions, lower benefit amounts, and potential tax implications for beneficiaries who are non-dependants. Insurance held outside super typically offers broader definitions and more flexibility but is paid from after-tax income. Our financial advisor in Sydney can compare both structures and recommend the most tax-effective and suitable approach for your situation.
Is life insurance tax deductible in Australia?
Income Protection premiums are generally tax deductible when held outside superannuation, as the benefit replaces assessable income. Life Cover, TPD, and Trauma premiums paid personally are generally not tax deductible. When held inside super, the super fund can claim a tax deduction for the premiums, which may reduce the overall cost. Tax treatment varies depending on your individual circumstances, so we recommend seeking personalised advice from our advisor.
How do stepped and level premiums differ?
Stepped premiums are recalculated each year based on your age, starting cheaper when you are young but increasing significantly as you get older. Level premiums are calculated based on your age at the start of the policy and remain relatively stable over time (though insurers can still adjust rates). Level premiums cost more initially but can save you significantly over the life of the policy. Our advisor can model both options and show you the long-term cost comparison based on how long you expect to hold the cover.
Can I get life insurance if I have a pre-existing medical condition?
Yes, in many cases you can still obtain cover, though the insurer may apply exclusions for the specific condition, charge a higher premium (called a loading), or in some cases decline cover for certain policy types. Each insurer assesses risk differently, so having an advisor who can compare across multiple insurers is valuable. Our team works with Australia’s leading insurers and can find options suited to your health profile.
