Life Insurance

Why Insurance Matters

Life’s full of surprises, and not all of them are good. That’s why being prepared for the unexpected is crucial. Think about it: an accident, illness, or worse, the loss of a family member who earns, can really shake up your family’s financial world. In fact, research by Deloitte found that 60%-80% of families don’t have enough insurance. That’s where the right insurance can be a game-changer, protecting your family and your income when you need it most.

Different Types of Life Insurance and How They Help

  • Life Cover: Pays a set amount of money when the insured person passes away. You can nominate who gets the money.
  • Total and Permanent Disability (TPD) Cover: Helps with rehabilitation costs, paying off debts, and future living expenses if you’re permanently disabled. It’s often paired with life cover.
  • Trauma Cover: Steps in if you get diagnosed with a major illness or injury, like cancer or a stroke. Also known as ‘critical illness’ cover or ‘recovery’ insurance.
  • Income Protection: Replaces your income if you can’t work due to injury or sickness.

How Precept Financial Services Can Help You

At Precept, we’ve got a wide range of insurers and can create a wealth protection plan that fits your life perfectly. We make insurance easy and help you get the right cover to provide a financial safety net for you and your loved ones if things go sideways.

Am I Already Covered Through Work or Government Plans?

You might have some coverage through work or government programs (like Workcover, Sick leave, Social Security), but is it enough? Will you qualify? And how long do you have to wait? We can help you understand the difference between these types of cover and protection through life insurance.

Let’s Talk About Protecting Your Wealth

Thinking about how to protect your wealth and need some advice? Our team of qualified financial advisers at Precept are ready to help. Reach out to us, and let’s make sure you and your family are covered for whatever life throws your way.


We look forward to working with you to achieve your goals.