Personal Protection Insurance

Because sometimes it’s not just about you.

Question: What’s your most important asset?

Answer: You.

While the need for insurance is not all about you, you need to understand that you and your ability to earn an income is the most important asset that you will ever own.

So how can you protect yourself?

Here’s a table containing the most common options… And yes, we can help you with these.

Income Protection

What is it?

Payable if you are unable to work at full capacity or at all, due to sickness or injury.

Payment type?

Monthly replacement income.

Who needs it?

Anyone who would find it difficult to make ends meet without their regular income

Trauma

What is it?

Payable if you suffer a specified medical condition.

Payment type?

Lump sum.

Who needs it?

Anyone who would like the security of payment in the event they suffer from a debilitating medical condition.

Life

What is it?

Payable on your death/terminal illness.

Payment type?

Lump sum.

Who needs it?

Anyone with debts or dependants.

Total & Permanent Disability

What is it?

Payable where you are unable to ever work again due to sickness or injury.

Payment type?

Lump sum.

Who needs it?

Anyone with debts or dependants.

Here’s some interesting stats on the average percentage of people that have certain levels of insurance versus the average claim per insurance type. What we are keen for you to see here, is that less people actually have insurance coverage in the areas that can end up costing them the most.

Insurance type

% of Australians that have this cover

Average claim amount in $

Motor insurance

70.5%
0

Contents cover

56.3%
0

Building cover

50.1%
0

Life

20%
0

Income

6%
0

Total & permanent disability (TPD)

4%
0

Trauma

3%
0
James has been a great in helping me build a foundation for the future. He gave me new insight into the importance of insurances and the value it provides to me as a safeguard for my future. He has been very helpful in answering my questions in every single area where I needed his help. I have recommended my closest family and friends to James.
As a young person it was refreshing to speak to James at Bedrock Financial Services. Young adults often believe that financial advice is only for our parents but the fact is we have to plan now whilst we are young. James understands the needs and wants of young adults and was able to provide advice in a way that was understandable to me. His level of customer service is second to none and was with me every step of the way.
My wife and I are both young professionals on good salaries but our investments were ad-hoc, James helped us with a financial plan to move toward owning our own home.
James took the time to understand my personal situation and needs. Being independent, I was confident that the advice provided by Bedrock was tailored to my needs and not structured to fulfil a sales quota.