Life, income protection, trauma and TPD insurance advice designed around the financial risks that matter to you and your family, including income, debt, dependants and business obligations. We assess how much cover may be appropriate, where it should be held and how policy definitions and premiums compare before making a recommendation.
Personal insurance should begin with the financial risk, not with a default sum insured. We consider the income your household relies on, debts and ongoing commitments, dependants, existing assets and cover, and the period for which financial support may be required.
From there, we can advise on the type and amount of cover, policy ownership and structure, and the features and definitions relevant to the recommendation. That may involve cover held personally, through superannuation or a combination of both.
Not all personal insurance policies are the same. Policy definitions, features, exclusions, underwriting requirements and premiums can vary between insurers and products. Our role is to assess these differences and recommend cover that is appropriate to your circumstances and the financial risks being protected.
Where insurance forms part of a Wealth Management and Financial Planning engagement, we can consider the cover alongside the broader financial strategy.
All strategies and information provided on this website are general advice only, which does not take into consideration any of your personal circumstances. Please arrange an appointment to seek personal financial and taxation advice prior to acting on this information.
Advice for people whose household commitments and long-term financial plans depend heavily on their ability to earn an income.
Insurance advice for medical professionals, taking account of occupation, income, existing cover and the policy definitions relevant to their work.
Personal insurance advice for legal professionals whose income and financial commitments may require more considered income protection, life and disability cover.
Personal and business expense insurance advice for owners whose household income and business continuity may both depend on their ability to work.
Life, disability, trauma and income protection advice for households seeking to protect dependants, debt commitments and ongoing living costs.
For eligible doctors, lawyers and select professionals, we can also consider insurance arrangements available through a mutual structure.
Through relationships with participating insurers, eligible clients may be able to access insurance through a mutual that can provide a share of profits back to eligible members, subject to the mutual's terms, insurer arrangements and eligibility requirements.
Our advice remains focused on whether the insurance itself is appropriate for your needs. We consider the type and amount of cover, policy definitions, ownership, premiums and underwriting terms before recommending an insurance solution. Any potential profit share is an additional feature and should not be the primary reason for selecting a policy.
Eligibility, participation and any profit share are not guaranteed and can vary according to the applicable mutual, insurer and arrangement.
Life insurance can provide a lump sum benefit on death to help dependants meet debts, ongoing living costs and other financial commitments. The appropriate level of cover depends on the household's circumstances rather than a standard multiple.
Income protection can replace part of your income if illness or injury prevents you from working, subject to the policy terms. Waiting periods, benefit periods, occupation, income and policy definitions can materially affect both the premium and the usefulness of the cover.
TPD insurance can provide a lump sum benefit where the policy definition of total and permanent disability is met. Advice should consider the definition, ownership structure, occupation and how the benefit would be used if you could not return to work.
Trauma insurance can provide a lump sum payment when a specified medical condition meets the policy definition. It can help fund recovery, medical and household costs or reduce financial pressure while the insured person is unable to work.
Business expense insurance is designed for eligible business owners and can reimburse specified fixed business costs while the insured person is unable to work because of illness or injury, subject to policy terms.
Some types of personal insurance can be held through superannuation, which may reduce the immediate impact of premiums on household cash flow. Eligibility, policy definitions, tax treatment and benefit payment rules need to be considered.
Personally owned cover may provide access to different policy structures and definitions. The appropriate ownership structure depends on the type of cover and the client's circumstances.
For some clients, a combination of superannuation funded and personally owned cover may be appropriate. The recommendation should reflect cash flow, definitions, tax considerations and the intended purpose of each benefit.
Linking certain benefits can reduce premiums but may also cause one benefit to reduce another following a claim. The trade off should be understood before implementation.
Step 01
A complimentary initial meeting to understand your circumstances, financial commitments and existing insurance, including cover held through superannuation or employment.
Step 02
We assess the financial risks to be covered and prepare advice on the type, amount, ownership and structure of cover, together with relevant premiums and product considerations.
Step 03
If you proceed, we manage the application and underwriting process, including insurer requests for medical or other information and communication through to the insurer's decision.
Step 04
Insurance needs can change as your income, debt, family circumstances, occupation and business interests change. We can review your cover periodically to consider whether the amount, ownership, policy structure and features remain appropriate. If you need to make a claim, we can also assist with the claims process and communication with the insurer.
The appropriate amount depends on your circumstances rather than a standard rule of thumb. We consider household expenses, debts, dependants, how long financial support may be required, existing assets and any other insurance already in place before recommending an amount of cover.
You may already have insurance through your superannuation, including default cover provided by the fund. The amount, definitions and features may not necessarily reflect your individual circumstances. We can review the cover you already have and consider whether it remains appropriate before recommending any changes.
Life insurance can provide a lump-sum benefit on death. TPD insurance can provide a lump sum where the policy definition of total and permanent disability is met. Trauma insurance can provide a lump sum when a specified medical condition meets the policy definition. Definitions vary by insurer and product, which is why they are compared before a recommendation is made.
Income protection can replace part of your income if illness or injury prevents you from working, subject to the policy terms. Waiting periods, benefit periods, occupation, income and policy definitions can materially affect both the premium and the usefulness of the cover.
Personal insurance can be held inside superannuation, outside superannuation, or through a combination of both. The cover available, policy definitions, ownership options and benefit-payment conditions can differ between insurers and structures. We consider these differences when recommending how your cover should be held.
We set out our remuneration in writing before you decide to proceed, including any commission paid by the insurer. You will know what the advice costs and how we are paid before anything is put in place.
Potentially. The outcome depends on the condition, the insurer and its underwriting requirements. Cover may be offered on standard terms, with a premium loading or exclusion, or may not be available. We can help manage the underwriting process and compare relevant insurer terms before a recommendation is implemented.
Business expense insurance is designed for eligible business owners and can reimburse specified fixed business costs while the insured person is unable to work because of illness or injury, subject to policy terms. It is designed to help protect eligible business expenses and is separate from income protection, which is intended to protect part of an individual's income.
If you proceed, we manage the application and underwriting process, including insurer requests for medical or other information and communication through to the insurer's decision.
Yes. We can assist clients with the claims process when required, including helping you understand the policy requirements and communicating with the insurer as the claim progresses.
Your insurance needs can change as your income, debt, family circumstances, occupation and financial position change. Regular reviews help ensure your cover remains appropriate and give you an opportunity to identify outdated sums insured, policy structures or features before they become important.
Private Capital Management is based at Level 26, 1 Bligh Street in the Sydney CBD. We meet with clients in person in Sydney and by video across Australia.
Meetings, document collection and insurance applications can generally be completed digitally, allowing us to provide advice and manage the underwriting process regardless of location.
Licensed and Accredited
AFSL 342880
Authorised Representative 1239545
ASIC
Qualified Tax Relevant Provider, Nathan Ide
Wealth Management & Financial Planning can incorporate personal insurance advice where it forms part of the agreed advice engagement. Mortgage Broking is provided through a separate Private Capital Management division and engagement.
Speak with our team
Meet with us in person in Sydney or by video to discuss your personal insurance needs and how we may be able to help.
Book a Personal Insurance Meeting Or contact us with a question