Personal Insurance Advice
Guardian Group is committed to protecting our clients’ financial future. Australian owned and operated, we aim to motivate and inspire everyday Australians to protect their loved ones, personal assets and livelihoods. We have access to a variety of quality insurance types and products. Our financial advisers will get to know you and discuss your financial goals and then work with you to achieve these.
What is Personal Insurance Advice and who should get it?
Personal insurance advice is professional advice given by a financial advisor or consultant before you take out insurance. An experienced insurance adviser can advise you on how you can save money, accumulate wealth, and plan for your retirement. This service ensures that you and your family are protected against financial hardship in the future.
Insurance advice gives you all the information you need to make an informed decision before committing to an insurance policy. An insurance adviser will assess your personal circumstances and make recommendations on the types and amounts of insurance policies that would be most beneficial to you and your family.
While many Australian insurance providers give their clients insurance advice, they are limited by the insurance polices that they offer and are motivated by upsells, so you may end up with polices you don’t need. By entrusting a qualified insurance adviser, you can create a personalised insurance plan that suits your personal circumstances and financial needs.
What are the benefits of Personal Insurance Advice?
By discussing your personal circumstances and goals with a professional financial advisor, you can be confident that:
- Our financial advisors place your best interests first
- You have a personal insurance plan that protects your financial needs and your family
- Access to Australia’s top insurance providers
- A comprehensive understanding of your insurance policies
- A breakdown of the benefits and limitations of each type of insurance
Guidance through personal insurance planning and applications
Guardian Group is committed to providing personal insurance advice to clients throughout Australia. We understand that everyone’s financial needs are different. That’s why each personal insurance plan we recommend is customised to best suit you and your family’s individual circumstances. Whether you’re looking to take out basic cover, or want to protect your family from all contingencies, our financial advisors are here to help. If you need assistance navigating insurance policies, or choosing the right type of insurance for your family, contact us today.
At Guardian Group, we can help you with the right solution for your personal finances
Life Cover
Life cover, or term life insurance, pays a lump sum payment to help protect you and your loved ones financially if an unexpected death occurs or a person suffers a terminal illness (where they are unlikely to survive longer than 12 months). Life insurance ensures your family can cover funeral expenses and any outstanding debt, as well as funding future costs that secure the living costs of your family.
Find out moreabout Life Cover
Trauma Cover
Trauma cover, or trauma insurance, pays a lump sum benefit to the insured person upon diagnosis of a serious injury or critical illness. With the diagnosis rates of cancer, stroke, and heart attacks on the increase in Australia, this insurance is important for all aging Australians. Trauma insurance can help pay for medical and rehabilitation costs.
Find out moreabout Trauma Cover
Income Protection Cover
Income protection is an ongoing benefit paid to the insured person in the event they cannot work due to partial or total disability for a specified time. In Australia, you can apply for up to 85% of your pre-tax income to protect you and your family’s finances when you need it most.
Find out more aboutIncome Protection Cover
Total & Permanent Disability Cover
Total and Permanent Disability insurance, or TPD insurance, is a benefit paid to an insured person if they become totally and permanently disabled. This benefit can help you and your family pay for medical, rehabilitation, and ongoing care costs.
Find out moreabout TPD Cover
Duty of Disclosure
Before you enter into a contract of insurance with an insurer, you have a duty under the Insurance Contracts Act 1984 (Cth) to disclose to the insurer every matter that you know or could reasonably be expected to know, is relevant to the insurers decision whether to accept the risk of insurance and, if so, on what terms.
You have the same duty to disclose those matters to the insurer before you renew, extend, vary or reinstate a contract of insurance. Your duty, however, does not require disclosure of a matter that:
- That diminishes the risk to be undertaken by us
- That is of common knowledge
- That your insurer knows, or in the ordinary course of business, ought to know or
- As to which compliance with your duty is waived by the insurer
Your duty of disclosure continues until the contract of life insurance has been accepted and the policy has been issued by the insurer. Please make sure you answer all applicable questions completely and truthfully.
Non-Disclosure
If you do not disclose to your insurer every matter that you know or could reasonably be expected to know, that would be relevant to the insurers decision whether to accept the risk of the insurance and if so, on what terms, your insurer may void the contract, or void your cover within three years of entering into it, provided that your insurer would not have entered into that contract or accepted cover for you had full disclosure been made.
Where the insurer is entitled to void a contract of life insurance, the insurer may elect not to void it but apply either of the following options:
- Reduce the sum that you would have been insured for in accordance with a formula that takes into account the premium that would have been payable if you had disclosed all relevant matters to the insurer; or
- Vary the contract in such a way as to place the insurer in a position that the insurer would have been had you disclosed all relevant matters or not made misrepresentation.
Where your contract is in respect of death cover, the insurer may only apply the first of the two options and we must do so within three years of you entering into the contract or us providing cover to you.
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Duty of Disclosure
