Insurance.
Due to the unrelenting insurance price increases post pandemic, we feel that one of the most meaningful ways we can assist our clients, is to offer a comprehensive insurance service.
Through our relationship with Tudor Insurance and Steadfast Insurance, Momentum Wealth Management offers a comprehensive range of insurance solutions.
In 1994 Principal, Paul Huggins, held a significant insurance register which was later sold to GIO. At the time of the sale, the register held over 25 million in-force premiums. Already having this experience means the offer of insurance is not novel to us. We can confidently provide a service that is not only complimentary but one we are very familiar with.
The insurance products offered are designed to protect you and your family from life's unexpected events as you work hard to build your future. We understand the things that matter most and know the insurance that you need today may not meet your needs of the future. Consequently, through our relationships we are able to offer a broad choice of products. Products that offer you simple and tax efficient ways of providing you and your family with peace of mind.
Momentum Wealth Management will advise you on the most appropriate solution for your individual or business needs.
The different types of insurances are:
Life insurance
Also referred to as term insurance and death cover, pays a lump sum if you die. It protects family if you are no longer around to support them. While most people think that life insurance is only for the main income earner, the person who takes care of the family is also a large contributor to the home.
Total and Permanent Disability Insurance (TPD)
Provides a lump sum payment if you suffer a disability before retirement and can't work again, or can't work in your usual occupation or chosen field of employment.
Trauma (or critical illness) insurance
Provides a cash lump sum if you suffer a specified illness or injury (e.g. serious heart attack, stroke, cancer, kidney failure etc).
Advances in medical treatment have increased the need for trauma insurance because of the improved chance of survival; although you are more likely to survive, you are also more likely to have big medical bills to pay. Trauma insurance is a way to ensure you have funds available to seek medical treatment and take time off work to recuperate.
Income Protection insurance
Income Protection is designed to cover up to 75% of your regular income if you cannot work due to illness or injury. Premiums are also generally tax deductible, depending on your individual circumstances.
Business Insurance Including Buy / Sell Arrangements
Buy / Sell
Specifically designed to cater for clients who have their own business with business partners who have equity This insurance and buy/sell agreement provides the assurance needed that if one of the partner’s become disabled or die there is a mechanism in place to fund their share in the business that would need to be paid to the deceased’s estate.
Business Expenses InsuranceWealth Arena also offers insurance plans which provides a benefit if you are unable to work due to sickness or injury for all self-employed people and business owners. Typical business expenses covered may include:
- Office rent;
- Regular business mortgage repayments or business loan instalments;
- Equipment leasing costs;
- Electricity, gas, water and telephone payments.