Life Risk Insurance &
Financial Planning

Life risk insurance provides protection and financial peace of mind for you, your family and your business in the event of your death or disablement. No matter your circumstances, we can find you the right policy to fit your needs and provide assurance for your ongoing financial requirements.


Why you should have life risk insurance…

  • To provide ongoing income for your family’s future
  • To help with medical expenses
  • To support your existing lifestyle
  • To eliminate debt
  • For partnership buy/sell agreements
  • To cover a key person in a business

What insurances and services do we offer?

  • Personal Life Risk Insurance Planning

This process is to make sure you and your family are covered in the event of a claim and are as well off financially after the event as before the event. It helps to avoid unnecessary emotional strain from any more financial burden. Funds can be used to clear debt and provide an income if the main income earner dies, provide temporary financial funding if the income earner is disabled due to an accident or illness, provide medical or rehabilitation expenses if necessary and provide ongoing educational expenses for dependants due to death or permanent disablement.

  • Life Cover

Also known as term life or death cover, if you die or suffer a terminal illness, a term life insurance policy will provide a lump sum payment to your family, dependants, business and/or business partners. Funds can be used to repay your debts (mortgage, personal loans, credit cards, personal guarantees or other large debts), clear hospital, medical or funeral costs, provide an income for your dependants (living expenses, school fees, child care) etc. Nobody expects tragedies to happen to them or their loved ones but by being prepared and protecting your family from the financial effects is important.

  • Total and Permanent Disability

Also known as TPD insurance, you are paid a lump sum if you suffer a permanent disability (and it meets the definitions of your policy and prevents you from working). Most Australians would not have enough savings or access to funds to maintain their lifestyle if impacted by a permanent disability. TPD funds can be used to pay for treatment and rehabilitation, changes to your home, pay out debts including mortgage and credit cards and maintain your family’s lifestyle.

  • Trauma or Critical Illness

With this insurance you can get paid a lump sum upon diagnosis of an injury or illness as specified in your policy (for example, stroke, blindness, cancer, server burns, loss of speech or deafness). If you have dependants or a family and were to be struck down with a critical illness, it’s important to consider the financial impacts of this. Trauma funds can be used to pay daily expenses, medical and rehabilitation costs and lifestyle based work changes, such as part time work.

  • Income Protection

Income protection provides you with a regular income if you are unable to work as a result of illness or injury. Also known as ‘salary continuance insurance’ it provides income in the event of disablement up to an agreed benefit period. Most Australians forget that their most valuable asset is their income earning capacity. It’s your home, food, car, clothing, children’s education and more, all depending on your ability to earn a regular income. Policies generally cover up to 75% of the salary you would have been able to earn and are taxable as normal income.

  • Business Expenses

If you are self-employed and the business is dependent on your ability to generate an income to meet the day to day expenses of the business, then this is an option for you to consider. You will be paid a monthly benefit in the event of being disabled and prevented from working due to an accident or illness.

  • Business Life Risk Insurance Succession Planning

Also known as business insurance or business continuity planning, this generally refers to advice provided to a business that could suffer as a result of an insurable incident to an owner or key person such as death, disability or a trauma event.

  • Key Person Insurance

This is more of a ‘label’ than a type of insurance product. It covers the key person in your business and the people who are crucial to your business success or failure should they be absent due to a major event such as death or disability. The business will be paid a lump sum if a vital employee dies or becomes terminally ill.

  • Partnership Insurance

This is more of a ‘label’ than a type of insurance and includes standard term life, TPD and Trauma products. This insures a partner so that if they die or become terminally ill or totally and permanently disabled from working, then you will be paid a lump sum so you can either buy or sell shares in the business. Partnership or Buy/Sell Insurance protects each party’s business interest by providing funding to buy business shares in the event of death, permanent disability or a critical illness. You will need to have a binding agreement (Partnership Agreement) to enable the transfer of equity at the time of claiming.

  • Superannuation

Superannuation provides a retirement ‘nest egg’ so that you can meet your objectives at a later stage in your life. Your superannuation grows over time due to Superannuation Guarantee Contributions (SGC) made by your employer, any additional contributions that you make over time and how well your superannuation is working for you.

It is important that you make sure that your superannuation suits your retirement objectives. You may also look at consolidating your superannuation if you have more than one policy. Upon retirement you may have the option of accessing your superannuation funds in a lump sum or to start an ongoing income.


Who we cover

We can help to arrange insurance cover for anyone who earns an income or has financial responsibilities (subject to Insurance Company acceptance criteria). This includes those providing for their family, either at home or at work, as well as business owners.


Protecting your lifestyle is easy

Call us on 1300 799 422, email us or pop in to speak with one of our friendly advisers who will be able to assess your needs and provide you with recommendations and advice.

Once you are happy to proceed, we will do the rest.


Oxley Life Solutions Pty Ltd is a member of the Oxley Insurance Group and a Corporate Authorised Representative of Millenium3 Financial Services Pty Ltd ABN 61 094 529 987. Australian Financial Services Licence Number 244252.