Infinity Wealth Solutions

Financial Planner and SMSF Specialist Adviser

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Basics of Insurance

Insurance is essential for your peace of mind. Whether you’re covering your life, your ability to work, your business, property or possessions, having insurance helps protect your lifestyle and the people who depend on you.

Insurance is never a luxury. You may go for years without making a claim, then one day the unexpected happens. No one can eliminate the devastating emotional impact of serious illness, disablement or death, but if you have to deal with money problems as well, the situation can be much worse. Having money available when you need it most is what makes insurance so valuable.

Using super to pay for your insurance

Some types of insurance allow you to pay the premiums automatically from your superannuation fund. This can be a tax-effective option because it enables you to pay your premiums with pre-tax money. Using money that is normally inaccessible until you retire also means you don’t have to dip into your daily living budget.

What should you insure?

When protecting your family financially, look at your areas of greatest vulnerability, such as your mortgage, other debts, regular household expenses and, if you’re self-employed, your business. You should also protect yourself against loss or damage to your property. These areas can be covered by:

  1. Life insurance –pays a lump sum on death if you die while you’re a policyholder.
  2. Income protection –provides regular payments if you can’t work due to illness or injury.
  3. Disability insurance –pays a lump sum if you are totally or permanently disabled.
  4. Trauma insurance –pays a lump sum 14 days after diagnosis of a serious or terminal condition such as stroke, cancer, heart attack or other specified conditions.
  5. Accidental Death
  6. Business insurance –a range of insurance products that can be incorporated into a package tailored to your type of business.
  7. Home insurance –to cover your residence, investment property, contents and personal valuables.
  8. Other cover such as motor vehicle and boat insurance, which covers you for loss and damage.

Do you have enough cover?

It’s all very well to have ‘some’ insurance, but many people are under-insured and find themselves out of pocket when they make a claim. It’s important to accurately assess how much insurance you need. This is an area where Infinity Wealth Solutions can help you. We’ll help identify your greatest areas of risk and work out how much cover is appropriate for your needs.

Case Studies: Insurance

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Contact Details

☎ 08 9393 3770

✉ PO Box 4232
Harrisdale, WA, 6112

✉ Unit 5A
11 Erade Drive
Piara Waters, WA, 6112

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Testimonials

Any questions I have are only a phone call or email and reply the same day…very happy with the way my money is growing.
Excellent service and advice. I feel secure in the knowledge that my financial future is being looked after.
Simon does everything plus more as our adviser and this is the type of service you want for family and friends too.
Our adviser keeps us informed of any new developments, changes in policies or procedures and is caring and considerate at all times.
Mandurah, WA
Excellent Financial adviser.
My investment did well, even in difficult world-wide conditions.
Answers all my questions in a language that i understand.
Male, 31
Will recommend Simon to my family. Very easy to understand and very happy with the outcome. Very impressive end results.
I have been satisfied with Infinity Wealth, our SMSF has been picked and is running very well due to their support, Thank You and well done.
Female, 51
Cannot speak too highly of Simon Podesta. He has always been able to help us no matter what we ask him and never any trouble. Highly recommend him.
There are no others that would even come close to this company, and I don’t often refer, especially family members to these kind of services – I would here.
I have full trust in Simon Podesta he is trustworthy and answers all my questions no matter how silly some of them are.
Female, 33
Thank you for looking after my financial state, I have great faith in you. We have to put faith in our financial advisers as we do not have the knowledge to do it ourselves which is such a large risk, I feel I am in very safe hands with you Simon. 
Munster, WA
I was very happy and impressed by Simon, he went way beyond my expectations and I found the experience very worthwhile.
Armadale, WA
My wife was initially against any financial planner but found your manner and explanation to be open and trustworthy.
Gosnells, WA

Infinity Wealth Solutions ABN 24 147 842 715, Corporate Authorised Representative of Matrix Planning Solutions Limited

ABN 45 087 470 200, AFSL & ACL No. 238256

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