Life Cover is also commonly known as 'term life' or 'life insurance'. It provides a lump sum on your death or on the diagnosis of terminal illness.

Life Cover provides financial support when it's needed most, giving your loved ones financial security and freedom to make choices about their future.

The right amount of Life Cover differs from person to person. We can help you calculate an appropriate sum insured for your circumstances which will reflect your debts and the ongoing income requirements of your dependants.

Some life insurance companies offer added features and benefits, so be sure to ask us about extras such as a funeral advancement benefit and grief support services.

You can't always protect yourself and your loved ones from life's uncertainties.

Although we don't like to think about it, we know that traumatic and tragic events may not always only happen to other people.

It is important to protect your home and car. And most people do. But it is also important to protect your life, your ability to earn an income, your health and your business interests.

Protecting loved ones from financial hardship should be an integral part of any financial plan.

At Rightway Insurance Services we can help you develop a comprehensive risk management plan and decide how much is enough to keep you and your family's lifestyle, dreams and future financially secure.

TPD insurance provides a lump sum if you suffer an illness or injury that leaves you totally and permanently disabled.

TPD insurance benefits are often used to eliminate debts, pay for medical expenses or fund any permanent lifestyle changes resulting from disablement.

TPD definitions can vary depending on the particular product and insurance policy. Most companies allow you to choose whether you want coverage against being unlikely to be able to work in your 'own' occupation or in 'any' other occupation again, after suffering an illness or injury.

We can help you consider what definition is most appropriate for your personal circumstances as well as calculate the appropriate level of cover to protect you and your family.

Trauma insurance – or Recovery insurance – provides you with a lump sum on the diagnosis (or occurrence) of one of a list of specified serious medical conditions and procedures. Each insurance company maintains their own list, but they generally include serious medical conditions such as cancer, heart attack or stroke.

Trauma insurance is designed to provide you with money when you need it most. You can generally use the money however you choose, for example to cover medical costs and treatment or to reduce debt. Some people choose to make a permanent lifestyle change, such as reducing their working hours, so they can spend more time with family.

We can help you accurately assess your circumstances and calculate the appropriate level of cover to protect you and your family.

Income Protection pays a monthly amount while you are unable to produce an income as a result of illness or injury.

Many policies will cover up to 75% of your salary if you are totally or partially disabled.

By replacing your regular income, Income Protection payments can help you and your family maintain a level of financial normality. Income Protection gives you the financial freedom to focus on your recovery or treatment, without worrying about regular expenses.

Income Protection policies are very flexible and can be tailored to suit your individual and family circumstances.

We can help you choose the most appropriate 'waiting period' – the time between becoming unable to work and receiving your first income protection payment – and 'benefit period' – the period during which you receive your income protection payments.

Business Expenses insurance pays a monthly benefit to cover fixed business costs if you suffer an illness or injury and are unable to work.

It works on a similar principle to income protection, as it pays a monthly benefit. However, its purpose is significantly different.

Business Expenses insurance is designed to cover the fixed day-to-day costs (up to the monthly benefit) of running your business in your absence, such as the cost of a locum, rent, staff salaries, equipment expenses, loans and other business overheads like electricity and cleaning bills.

Like Income Protection, Business Expenses policies are very flexible and can be tailored to suit your individual needs and circumstances.

Those that choose to depend on the default superannuation savings plan, that the government has selected for them, will have a default outcome for their retirement. You don’t need advice to achieve this outcome – however, it may not be the outcome you really want for you and your family.

By taking an active interest in your super, and being engaged in the process, you can achieve so much more for your future self.

We make it easy for you to get engaged with your superannuation plan, by keeping it simple with strategies that make the available tax breaks do the hard work for you.

If terms like “Salary Sacrifice”, “Deductible Contribution” and “Transition to Retirement” make your head spin, it’s time you partnered with us so that you can easily build your understanding, take control of your future and make the system work for you.

To effectively manage cashflow, you need to know where your money is going. Once you know what you're spending (and where), you can then modify your behaviour to increase your savings.

A cashflow budget is an essential part of any financial plan. It helps you understand what cash will be available to meet expenses over a certain timeframe, usually 12 months.

It allows you to:

• highlight where you're spending money
• see what proportion of your income is being spent
• identify areas of unnecessary spending
• determine the expected flow of cash
• plan for those months when additional funds are needed

Just as important as creating a cashflow budget is reviewing it – regularly – because external events can always crop up that will not be in line with what you planned for.