The guiding principle used by i2 Wealth Financial Planning is to take care as every client has different aims, objectives, outcomes, and financial situations and consequently each client will need to have a tailored insurance portfolio to meet their personal situation.
We understand that most people understand the need for obtaining insurance but ultimately, not many people like the idea of paying for insurance. Therefore, at the core, our philosophy focuses on truly understanding each and every clients’ individual insurance needs and whether insurance is the right solution to meet that need.
The Financial Advisers at i2 Wealth Financial Planning are authorised to provide personal financial advice on Life, TPD, Trauma and Income Protection insurance. This authorisation also covers business owners and key-staff in areas such as buy/sell protection, key person and business expenses insurance.
Our view about Personal Insurance
- A detailed and thorough needs analysis must be considered prior to any product consideration.
- This needs analysis includes a pragmatic approach to insurance to consider what other sources are available (i.e. continued employment, family help, asset retention) to meet these needs.
- Once the need is identified it is crucial to then consider the appropriate structure of where the insurance will be held. The most common structures are individual ownership, cross ownership or ownership via a superannuation trustee.
- Only following the consideration of the above areas, is the product solution considered. Importantly, this includes a comprehensive analysis of current products and whether they will meet the stated needs.
Our view on Insurance products
For all client questions and enquiries, we will make ourselves readily accessible for communications and we will be open and transparent. For our clients we aim to:
- Select products with definitions and features to improve the chance of a successful claims outcome.
- Focus on quality of cover. Quality does not always equal the lowest price solution available.
- Utilise insurance providers that have a client focussed underwriting and claims process to ensure the client experience is positive.
