Grace Financial Services in Toronto just south of Newcastle NSW for professional financial planning and advice including insurance and super

Phone 02 4905 0250



Phone 02 4905 0250

Check out our facebook page for financial planning services
Financial planning services provided by a professional financial adviser
Financial planning services available



Find out whether you need life TPD trauma income protection or other insurance at Grace

Life and disability insurance explained

• Insurance to Cover Death

That's a horrible topic, but it's reality. For the sake of your loved ones you need to face it. How will they cope?

We will discuss more later about how to calculate the level of cover needed.

• Total Permanent Disability Insurance (TPD)

What happens if you are injured in a way that means you will never work again? Or, perhaps just that you will never be able to work in a job like the one you have now? For some that's worse than dying, but TPD insurance can help you cope with that situation, the lack of income and the mounting bills.

• Income Protection Insurance

One of life risks that is much more common than others is that you might be injured or have a medical condition that puts you out of work temporarily. If you are back to work before your sick leave runs out, that's not too bad. However, it's not uncommon for that to extend for a long period.

That's where you need income protection insurance. It provides a replacement income after a specified waiting period, and pays that income until you are back at work or the insurance policy has reached its limit. That can be up to age 65, depending on what policy you qualify for.

The income stream paid by this sort of insurance policy is typically limited to 75% of your income plus a 10% contribution to superannuation.

• Trauma or Critical Illness Insurance

Some serious health issues can take place that do not put you out of work. It might be cancer, a stroke, organ malfunction, heart attack or any number of other things. Ordinary TPD insurance and income protection insurance policies wouldn't be expected to cover such situations, and you are still alive, so the death cover provided by life insurance isn't going to do it either.

This is where trauma insurance is needed. It's often referred to as critical illness insurance. With this type of protection, the payout is based on the medical diagnosis, not whether or not you are able to work.

• More insurance information in our blog

Click here to learn more about life insurance products and how to calculate your family's insurance needs.

You can discover what life insurance products you need and how much insurance you need at Grace Financial Services

The life insurance blog

• What types of life insurance are needed

• How much is needed

• What it might cost

• How to get personalised advice


Your financial adviser at Grace will work through with you what life insurances you need

Meet with an insurance adviser

• A financial adviser can help you see the full picture, including both insurance and wealth creation needs

• You can meet with your adviser in our offices, over the phone or on Skype.

Call us today on
02 4905 0250

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Professional financial planning advice will help you to get an appropriate level of life insurance cover to match your needs and budget.

At Grace Financial Services we are committed to looking after your best interests. That includes protecting the lives of yourself and your family through life insurance products.



Information or advice provided on this website is general in nature and does not take into account your investment objectives, financial situation, particular needs or risk profile. All of those matters are very important in making decisions about financial products, even of a general nature. With or without the assistance of a licensed representative, you should consider whether any advice received is appropriate in light of your particular investment needs, objectives and financial circumstances. We recommend, therefore, that you make an appointment with a financial adviser to receive personalised advice prior to making any investment or financial product decision. You should also obtain a relevant Product Disclosure Statement for any financial product being considered and read it.


Grace Financial Services Pty Ltd seeks to keep this website updated, however, information can change without notice, so you should discuss any matters that concern you with your financial adviser to get up to date information. Neither Grace Financial Planning Pty Ltd nor HNW Planning Pty Ltd guarantee the accuracy, completeness or reliability of information on this website, including information provided by third parties, at any particular time.


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