Personal risk insurances

Ensuring your wealth protection

Managing risk is a crucial part of financial planning. While strategies for wealth creation assist in helping you achieve your goals, strategies for wealth protection – personal risk insurances – help protect your ability to preserve your wealth, should you lose the ability to work or suffer a serious illness.

At Pinnacle Wealth Management, advice on personal risk insurances is integral to our planning service. We look at your current assets and liabilities, how much you would need to maintain your family’s standard of living, and any major outgoings that would be compromised in the event of a catastrophic change in your circumstances. Personal risk insurances fall into the following categories:

  • Life insurance – provides financial protection for your dependants in the event of your death
  • Total and Permanent Disability (TPD) – is additional to life insurance cover and pays out a lump sum if you can’t ever work again due to illness or injury
  • Income protection – generally pays you up to 75% of your income if you can’t work due to illness or injury
  • Trauma insurance – pays a lump sum if you suffer a specified traumatic event such as a diagnosis of cancer or coronary heart disease


You can learn more about personal risk insurances and wealth protection by reading our e-book. For a no-obligation, free appraisal of your own personal situation, book an appointment today.