Asset Protection

To ensure that we at Stroba Group have taken the appropriate duty of care, we must ensure that you are aware of the need to protect yourself and your family from the possible financial hardship caused by potential occurrences outside your control.

Life Insurance

Death cover pays a lump sum to your family in the event of your death. People with suitable Life Insurance would like to assist their family in maintaining their current lifestyle after their death. Are you adequately insured to provide for your family?

Disability Cover

Disability cover is paid if you are unable to work because of ill-health for a certain period and are unlikely ever again to engage in gainful employment for which you are reasonably qualified by education, training or experience. For individuals there may be a tax advantage in having Death and/or Death and TPD insurance cover through a superannuation fund. Would you like to clear all of your outstanding debts and liabilities, provide an income for yourself?

Trauma Cover

Trauma cover is paid on diagnosis of specified illness or injury generally includes heart attack, cancer, strokes etc).  This is a lump sum benefit in the event of serious illness or injury but not necessarily a life-ending injury.  Would you like assistance to fund medical expenses or repaying debts or your mortgage whilst you are ill?

Income Protection

Income Protection pays a monthly benefit to you (up to 75% of your income), upon illness or injury. Premiums may be tax deductible to you. Should you be unable to work do you want to protect your income and be able to pay your mortgage repayments and outstanding debts and to continue meeting your daily living expenses?

Wills

With all forms of asset protection making a will is paramount. It is the only way you can ensure your assets will be distributed to what you want after you die.

  • You can direct where you wish your property and assets to go
  • You can make provisions if necessary for your personal effects, etc.
  • If you do not specify special gifts your estate will be divided equally between the beneficiaries that you nominate.
  • It is important that you choose someone you know and trust to administer your estate otherwise. Without a will you do not have that choice
  • If your children are under 18 you will need to appoint a guardian
  • There is a possibility that you can avoid costly and lengthy estate litigation.

Powers of Attorney

An Enduring Power of Attorney (EPA) is a simple but important document for anyone wishing to safeguard their property and financial future by appointing someone else to act on their behalf.

An EPA is designed for, and survives, any subsequent legal and/or mental incapacity of the donor. It passes a general power onto a nominated person (the Attorney) to do anything the donor could lawfully do before becoming incapacitated.

Please take the time to contact us to ensure you are sufficiently protected