Case studies

Personal insurance

Client

A client of an Aon Hewitt Financial adviser recently purchased a home with his wife and had their first child one month ago. He has a pre-existing medical condition and is finding it difficult to obtain personal insurance cover. He is also self-employed and super contributions have been a low priority for him in the past.

Solution

An adviser first helped him obtain appropriate insurances by taking advantage of our Aon Hewitt preferred partner relationships. To top up his insurances, we maximised his ability to obtain additional cover through superannuation. From a long term planning perspective, we helped him analyse his cash flow to determine an appropriate level of ongoing super contributions. Importantly, we also arranged to implement his estate plan encompassing wills, powers of attorney and other relevant documentation to ensure his assets would be distributed according to his wishes.

Results

The client now has greater peace of mind knowing that:

  • he and his family are well protected by a portfolio of personal insurances
  • his superannuation contributions are at a level that will better prepare him for a comfortable retirement
  • in the event of his death (or incapacity), his wishes regarding the management of his finances are documented.

 
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