Personal Insurance

Personal insurance is a pivotal inclusion in any good financial plan.  Illness and injury can undo the best laid plans in a very short period of time.  The four key types of personal insurance are death cover, total and permanent disablement cover, trauma cover, and income protection.  These cover types can also be employed to support business owners.

Our philosophy is centered on assisting clients to ‘maintain their current lifestyle’, meaning our advice is aimed at your individual circumstances and designed to help you get back on track after illness and injury.

With our guidance, you’ll get personalised protection that fits your needs.

Types of Insurance

  • Life insurance is a fundamental pillar of financial planning. It ensures that your loved ones are financially supported in the event of your passing. Your beneficiaries receive a lump-sum payment that can help cover debts, funeral expenses, and ongoing living costs. It provides a safety net for your family's future, allowing them to maintain their lifestyle even when you're no longer there to provide.

  • Total and Permanent Disability (TPD) insurance offers vital protection if you suffer a disability that prevents you from working again. If you're unable to perform your usual occupation or any occupation for which you are reasonably suited due to injury or illness, TPD insurance provides a lump-sum benefit. This benefit can assist with medical expenses, modifications to your home, and ongoing living expenses.

  • Trauma insurance, also known as critical illness insurance, provides financial support in the face of serious illnesses such as heart attacks, cancer, or strokes. Upon diagnosis of a covered critical condition, you receive a lump-sum payment. This payment can help you cover medical expenses, rehabilitation costs, and lifestyle adjustments during your recovery period, ensuring that your focus remains on your health and well-being.

  • Income Protection insurance is designed to replace a portion of your income if you're unable to work due to illness or injury. It ensures that you can continue to cover your everyday expenses, such as bills and mortgage payments, while focusing on your recovery. With Income Protection insurance, you can safeguard your financial stability and maintain your lifestyle even when you're unable to work.

  • For business owners, protecting your livelihood is crucial. Business expenses insurance helps cover ongoing business expenses in the event that you're unable to work due to illness or injury, ensuring that your business continues to operate smoothly.

  • If you're in a business partnership, buy/sell insurance can facilitate a smooth transition in case one of the partners becomes incapacitated or passes away. It helps ensure that the business remains financially stable during such transitions.

  • Key employees play a vital role in the success of your business. Keyman cover provides financial protection to your business in case a key employee becomes unable to work due to disability or illness, helping to mitigate potential financial disruptions.

Our Insurance Philosophy

Jasper financials philosophy is focused on ensuring clients can ‘maintain their current lifestyle’ in the event of illness, injury or where a family member passes away.  Our insurance philosophy encompasses three pillars: financial assessment, occupational analysis, and health considerations. These pillars serve as the foundation for our advice and guide us in designing appropriate insurance solutions for our clients.  Here's how each pillar contributes to our approach:

Financial Assessment

We conduct a thorough financial needs analysis to understand our clients' current financial situation, including their income, expenses, assets, and liabilities. This assessment helps us determine the appropriate level of coverage needed to protect their financial well-being and achieve their financial goals. By considering their existing debts, investments, and income sources, we can tailor insurance recommendations that align with their overall financial plan.

Occupational Analysis

Occupation type plays a crucial role in assessing insurance needs. We conduct an in-depth occupational analysis to understand the nature of our clients' work, regular duties, and associated risks. This analysis allows us to identify specific insurance providers and their respective products, such as income protection insurance, that are most relevant to their occupation. By considering the unique occupational risks, we can recommend suitable coverage to safeguard their income and financial stability in the event they are unable to work due to illness or injury.

Health Considerations

Health is a vital factor when evaluating insurance requirements. We consider our clients' current health status, medical history, and potential health risks. By considering these factors, we can further assess which insurance provider is well aligned to the circumstances.  We also factor in any pre-existing conditions that may affect insurance eligibility or require additional coverage. This holistic approach enables us to provide comprehensive insurance solutions that address potential health-related risks.

Disclaimer: The information provided in this page is for general informational purposes only and should not be considered as financial advice.