Personal Insurance Service
Protect your future
We’ll help you protect your family’s financial future:
The reality of life is that it’s an unpredictable beast.
We work hard, get married, start a family, and live out our dreams. But, have you set yourself up to be financially secure should you ever become injured, disabled, or unable to work? Do you even know what you’re entitled to?
You want to be sure you and your loved ones will be comfortable in the event of major trauma, injury or death; that the bills can be paid, that you’ll still afford your home.
Yeah we get it. It’s not something we like to think or talk about. But at Bright Future Financial, we’ll discuss your individual needs and design your own personal insurance strategy to look after you and your family in any event.
The Cost of Our Insurance Service
Providers of insurance products charge up to 130% commission upfront on your first year’s premium and then up to 15% trail commission on all premiums after that. At Bright Future Financial we will only charge you a one off fee and remove any commission from these products. What does this mean for you? From day one your insurance will be cheaper and you will be saving money.
How Are We Different?
Unlike other online companies that just find the best insurance price in the market, we find the best product, best price, and we make sure you are paying for what you need. Plus, we remove all the commission.
Types of Insurance
Life Insurance
Life Insurance
In the event of your death, wouldn’t you like to know that your family’s financial future is protected? Life insurance will pay out a lump sum on your death. Having the right amount of cover is very important. A financial adviser can calculate the amount of cover you require by looking at the amount of debt you have and your future income and spending requirements. Alternatively, you can nominate an amount.
Total and Permanent Disablement Insurance
Total and Permanent Disablement Insurance
What would happen to you and your family if you were to suddenly become disabled and unable to work? Total and Permanent Disablement (TPD) insurance ensures you and your family are covered should this occur. TPD insurance provides a one-off lump sum payment that could cover medical expenses, repay major debts and help provide for your future if you become permanently disabled due to injury or illness. A financial adviser can calculate the amount of cover you require by looking at the amount of debt you have and your future income and spending requirements. Alternatively, you can nominate an amount.
Trauma Insurance
Trauma Insurance
How would you and your family cope financially if you were diagnosed with a major medical condition or had a serious accident? Trauma insurance pays a one-off lump sum to help your cover such things as medical costs, debts and living expenses while you are recovering. A financial adviser can calculate the amount of cover you require by looking at the amount of debt you have and your future income and spending requirements. Alternatively, you can nominate an amount.
Income Protection Insurance
Income Protection Insurance
What would happen to you and your family if you were suddenly unable to work for a period of time due to illness or injury? Would your income continue and could you and your family survive? Income Protection insurance provides you with a monthly benefit, that generally covers you for up to 75% of your usual income. It can pay your living expenses and debts while you’re unable to earn an income.
Difference between stepped and level premiums
Insurance premiums usually increase with age because the older you get, the more likely you are to make an insurance claim.
For insurance such as life, total and permanent disability, or trauma cover, you may be able to choose between stepped or level premiums.
Here is the difference between stepped and level premiums:
- Stepped premiums – Your insurance premium will increase each year as you get older but is cheaper in the beginning. If you’re thinking about this option, it is worth looking at what the premiums will be over the next 5 years, or however long you intend to hold the insurance for, to make sure you can afford the premiums.
- Level premiums – Your insurance premium does not change due to your age but is generally more expensive than a stepped premium in the beginning. Level premiums may increase over time due to inflation adjustments or changes to the insurer’s fees.
If you want to control your costs over time then level premiums may suit you. Premiums are higher in the beginning but much cheaper than stepped premiums when you are older. If you intend to hold the insurance for a long time, level premiums are likely to be cheaper in the long run.
Income protection policies should be reviewed every time your income changes to make sure you have the right level of cover.
How Our Personal Insurance Service Works
Prefer to Call?
Call us on 0402135327 if you want to find out more about our personal insurance service.
Wait For Your Email
In order to give you the best level of service, we need to find out what’s important to you. We call this a ‘Fact Finder” and we’ll send it to you by email (or post if requested).
We Provide Our Recomendations
Bright Future Financial will calculate what you will require to protect your future and provide our recommendations to you.
We Help You Put Your Protection In Place
You can choose to source your own personal insurance cover or we can will help you put your protection in place. We are not linked to any financial institution, so be comfortable that your best interests will always be number one.