FEATURED SERVICES

TESTIMONIALS

At GFP, we can assist you through the maze of personal risk insurances such as life, income protection, critical illness, total and permanent disability, trauma and more.

Our team of specialists will advise on the appropriate risk cover for you in view of your tax, superannuation and investment strategies. We can arrange specialised cover for your business, company directors and practising professionals.

An often forgotten yet crucial function of our risk service is managing and guiding you through any claims process. You can rely on our expertise, experience and long-standing relationships to expeditiously achieve the best outcome for your claims.

We are about results:

We have done the hard work for you – we have outstanding relationships with Australia’s top insurers.

Our research team ensures that only quality insurance providers and products with clearly defined terms and conditions pass our compliance checks. We are not aligned with or tied to any financial institution, meaning we are not manoeuvred to favour any product.

Whether you are single, married, have dependents or run a business, life insurance can play a crucial role in ensuring protection and providing financial peace of mind for you and your loved ones. Life insurance can help to:

• Provide support for dependents
• Cover any rent or mortgage obligations
• Payout debts or credit cards
• Cover estate costs
• Pay out of pocket medical expenses
• Help with covering ongoing living or business costs

Budgeting, planning and forecasting is a process for determining and detailing an organization’s and personal, long- and short-term financial goals.

Budget Planning is the key to financial freedom.

• Planning – outlines your financial direction and expectations for the next 12 month to three, five years and to retirement.
• udgeting – documents how the overall plan will be executed month to month, specifying expenditures.
• Forecasting – uses accumulated historical data to predict financial outcomes for future months or years.

Budget Planning may not sound like the most exciting thing in the world to do, but it is vital in keeping your financial house in order. Before you begin to create your budget it is important to realize that in order to be successful you have to provide as much detailed information as possible. Ultimately, the end result GFP will be able to show where your money is coming from, how much is there and where it is all going.

When you are in business there are important matters than can impact on your personal finances and have potential to directly affect your livelihood. There are a number of business insurances that should be considered among them:

Buy Sell Insurance – this insurance is designed to provide financial security among business partners and their respective estates. In the event of a partner passing away, becoming critically ill or suffering a disability, buy sell insurance provides a financial payment that allows surviving business partners to buy out the deceased owner’s interests.

The benefits of SMSFs include:

Key Man Insurance – this insurance policy provides cover against business losses that may be incurred as a consequence of the prolonged absence or death of the business owner or a key member of staff.

Overheads Insurance – this insurance provides peace of mind for meeting the ongoing commitments of business costs including wages, rent, loan repayments, utilities and other overhead expenditures required to keep a business going when a business owner suffers serious injury or illness.

Total and Permanent Disability Insurance

TPD Insurance cover provides a financial benefit for the insured when they suffer a disability that prevents them from working. Being confined to a wheelchair for the rest of your life would be a terrifying prospect for anyone. If you could never work again and needed someone to look after you permanently, how would you manage?

TPD cover pays a one-off lump sum of up to $5 million if you are totally and permanently disabled due to illness or injury. You can choose TPD cover as a stand-alone policy or combine it with your life insurance. You also elect to have cover through your superannuation.

You should consider cover if you:

• Have a family or dependants
• Have a mortgage or other debt
• Would need money to live on if you couldn’t work again
• Don’t have savings to cover unexpected expenses, for example: medical bills
• Have a business or business partner, are self-employed, or you are a company director or key employee.

The process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal will be achieved.

There are many things to consider when planning for retirement, but the biggest question of all is: ‘can I afford to retire?’

Is $1 Million enough or do I need more. Everyone is different.
To find the answer, A GFP Planner will first consider how well you want to live during your retirement. We will look at your spending habits and this will influence how much money you need to accumulate in preparation for retiremen

How long am I likely to live? (in order to estimate how long your income needs to last) How will I manage increases in the cost of living?

If investing in shares, how can I protect my income against the effects of adverse market movements?
All of these things can affect how long your retirement savings last. The earlier you start planning for retirement the sooner you can retire.