Insurance

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Insurance

Brett Cribb and James Marshall of Stratus Financial Group consult with mining and resources professionals to coordinate the often-complex integration of personal and business insurances. Our goal is to implement a comprehensive financial risk mitigation strategy that aims to protect your personal and business assets and the livelihood of your family members or dependants in the event of your death or disability.

Income Protection

Income Protection replaces income up to the insured benefit amount of the policy, usually up to 75% of your earnings on an insured illness or injury.

Life Insurance

This is a lump sum benefit that is paid upon the death of the policy holder. We recommend an appropriate level in consideration of any aligned debt protection and estate planning strategies.

Trauma Insurance

Trauma insurance provides a lump sum benefit when the policy holder suffers a major medical trauma as defined by the insurance policy. Among the most common traumas are heart attack, stroke, cancer, severe burns and major organ failure.

TPD Insurance

Often abbreviated to TPD, Total and Permanent Disability insurance provides financial benefit when the insured is permanently unable to work as a result of illness or injury.

Buy-Sell Insurance

Buy-Sell Insurance provides a financial benefit that can fund the transition of ownership from one business partner to another should a business partner exit the business due to death, illness or disablement.

Key Person Insurance

The loss of an experienced and highly credentialed staff member can adversely affect sales, future business development prospects, profitability, operational management and goodwill. Key Person Insurance compensates the loss of business revenue, protects the business profits and the cost of finding and hiring a replacement person.

“We advised a mining professional, aged in his 40s to implement an appropriate wealth protection package. Four years later he was in Central Africa when he suffered a stroke. His trauma and income protection insurance were paid within days of his doctor’s report being submitted. The peace of mind of financial certainty that included paying out the mortgage on the family home, was immeasurable during the period of his recovery. Our advice considers your insurance in terms of the most appropriate structure that is, for example within a superannuation structure or a non-superannuation structure” – Stratus Financial Group

Stratus Financial Group and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances. In accordance with our collaboration model, advice and services not offered under the Fortnum Private Wealth AFSL are referred to appropriately qualified professionals.