Insurance needs

Objective:

• Calculate the level of insurance required for the following:

  • Life;

  • TPD;

  • Trauma;

  • Income Protection;

  • Business succession;

  • Business expenses

  • Child trauma

  • Parent trauma

Suitable for:

• Pre-retirees.

Key features:

• User is able to dictate level of insurance required based on one of three methods:

  • Objectives based;

  • Human capital method;

  • Actuary look up values;

• Centrelink calculations can be considered to determine the impact a potential disability pension would have on a clients TPD requirement. 

• Model optimises whether insurance should be held inside superannuation.  

Results:

• Recommended level of cover.

• Insurance gap filled based on existing cover;

• Year by year analysis provides of insurance needs requirements.