Charles Hart is an Authorised Representative of Charter Financial Planning, Australian Financial Services Licensee, Licence No 234665. He is completing his Diploma of Financial Planning and has specialized in personal insurance and wealth protection.

Your Circle of Safety

Insurance is one of the building blocks in your Circle of Safety. It guards your three key sources of income:

• Income during your working life

• Income during your retirement

• Income for your dependents if you die

Income during your working life

During your working life you want to accumulate as much wealth as possible and minimize the amount of tax that you pay (Sylvia can help with this). While you are working, your biggest risk is a disability that stops you working.

You can protect yourself with Income Protection insurance. It will replace 75 percent of your income if you cannot work because of injury or illness.

You can protect the other 25 percent using Trauma Protection. We recommend enough trauma to pay off your immediate debts and replace the remainder of your income.

Income during your retirement

Once you have retired, you can protect your lifestyle with Superannuation and other Investments (Sue can help with this). Having the money to invest depends upon protecting your income while you are working.

Income for your dependants if you die

Life Insurance can pay off debts like your mortgage and then provide an income for your dependents. Your children can finish school and get started on their own career. Your spouse or partner can keep the house and maintain their lifestyle.  

The Circle of Safety

The Circle of Safety provides protection from the start of your working life through your retirement. Our aim is to protect your income so that you can maintain your lifestyle, even if you cannot work due to illness or injury.

Charter Financial Planning Limited ABN 35 002 976 294 AFS License No. 234665. Registered Office: AXA Australia Centre, Level 3 447 Collins Street, Melbourne, Vic 3000