Personal insurance

Have you ever considered what would happen to your family if you weren’t around?

Especially if they are dependent on you for financial support. We all know life is full of unexpected events. The death of a loved one can put enormous strains, both emotionally and financially, on a family.

It is critical to ensure you are not exposed to financial risk through accident or misfortune that could jeopardise you or your family’s lifestyle. If not properly protected, these risks may seriously undermine, or even completely destroy, you and your family’s financial security.

What is your most valuable asset?
Your most valuable asset is your income. If you look at everything you’ve achieved, you’ll know that your income covers a lot more than just the bills. It’s provides for everything you hope to build for the future. Despite this, it is the one thing many people forget to insure.

What if you lost your regular income due to sudden illness or injury? Where will the funds come from to cover mortgage, standard bills, school fees, living essentials and (if appropriate) the fixed costs of running a business?

Income Protection Insurance can help safeguard your income and protect your dreams. As income protection premiums are generally tax deductible, it may also be more affordable than you imagined.

We can help you to make the right choice
William Buck’s independence from any insurance provider ensures that you receive objective, flexible advice that is tailored your needs.

We can help you to review your insurance requirements, evaluate policies, ensure that you have the optimum level of cover and provide practical recommendations. All our clients are given access to a dedicated senior advisor who is on hand to provide specialist support and advice when required. Our advisors take pride in really getting to know their clients and their financial and lifestyle goals, allowing them to provide real meaningful solutions.

Some of the areas we provide advice on include:

Personal

• Life Insurance
• Total & Permanent Disability
• Trauma Insurance
• Income Protection
• Business Expense Cover

Business

• Buy/Sell (equity transfer)
• Key Person
• Group Life/Salary Continuance

Business protection insurance

The future is full of uncertainties; many of which we can’t imagine happening to ourselves.

For example, what would happen if one of your business partners were to become critically ill? Who would buy their share in the business? How would it be funded? Could you replace the revenue lost from the departing partner?  Could you afford to keep creditors at bay? Would their spouse and/or estate have a right to their business interest?

While these issues may seem unpleasant, they have the potential to destroy the business and the livelihood of the remaining partners.

One solution is to draft a buy-sell agreement. A buy-sell agreement can address what will happen to the business in the case of death, injury, illness, divorce, or retirement and in some cases provide funding for a share transfer.

Writing a buy-sell agreement before such events occur ensures that a fair and reasonable price for the business is guaranteed without the need to make difficult decisions in what can be challenging circumstances.

An effective buy-sell agreement will map out how the business will be valued and ascertain payment terms for the sale of a business interest.

At William Buck, our wealth advisors make it their priority to fully understand both your business and personal financial goals in order to reach the best possible outcome for all parties involved.

How we can help
Our advisors can assist you with:

• Addressing the critical issues
• Business valuations
• Reviewing your insurance needs
• Annual reviews of your requirements
• Asset protection strategies
• Designing, documenting and reviewing the financial and legal requirements of a fair buy-sell agreement