Risk insurance policies are financial products that will pay the policy holder if the ‘insured event’ – such as becoming unwell and being unable to work – happens.
Insured events include things like temporary illness, permanent illness, temporary injury, permanent injury, or the premature death of the insured person.
Risk insurances insure your good health, which is actually your most important financial asset. That is why risk insurances are almost always the essential first step in any financial plan. Insuring yourself against a loss of income or earning ability allows you to ensure that life for you and your loved ones goes on with the quality you want, even if something unwanted happens.
We provide the complete range of risk insurance services: death cover, total and permanent disability (TPD), income protection and trauma cover. We help you calculate the type and amount of each cover that you might need, as well as discuss other ways that you can protect yourself against financial loss.
We also show you how to minimise the premiums, especially after-tax, without unnecessarily compromising the quality of the policy or the level of cover that you acquire.
If cash flow is tight, we can assist you to find ways to insure yourself that minimise the demands on your day-to-day income. And, of course, as financial planners we can help you find ways to enhance your income. This makes everything more affordable, not just your insurances.
Director & Financial Adviser
SPG Wealth is a small financial planning practice based in Perth, WA. The business was formed on the desire by owner Ryan Baker to help every day people make a difference to their financial future. Our core belief is that it doesn't matter how much you have now, it's about making wise decisions with what you've got and making the most of what life throws your way!
Ryan has spent over 15 years working within the Financial Services industry with over 6 years providing advice to clients. Whether it's consolidating Super Funds, reviewing insurance needs, budgeting, estate planning, tax minimisation, mortgage broking or retirement planning SPG Wealth and their referral partners can help. Ryan is passionate about helping clients make better financial decisions and enjoys seeing people grow in confidence as the plans implemented make a difference.
At SPG Wealth we believe that Financial Planning is not about selling products but about helping people, providing sound advice and assisting clients make wise decisions that in the long term help them achieve their goals and objectives.
Ryan Baker is an authorised representative (341179) of Dover Financial Advisers Pty Ltd (AFSL 307248).