Income protection and personal insurance advice in Perth
A financial seat belt for you and your family, so an illness or injury does not undo everything you have built.
Four covers, one job: protect the plan.
Glow Wealth provides income protection and personal insurance advice in Perth, helping you build a safety net that keeps your plans on track if life takes an unexpected turn. Personal cover generally comes in four types, each protecting against a different risk — and sometimes a single event lets you claim on more than one policy.
Life insurance
Pays a lump sum upon the death of the life insured — fulfilling a promise of security for your family if you pass away prematurely.
When a person passes away, so does their income. That makes cover on the primary income earner even more important.
Total & Permanent Disability (TPD)
Pays a lump sum if illness or injury leaves you unable to ever work again — when the financial consequences, from medication to ongoing treatment, are at their most significant.
It is the least likely of the four claim types, but the stakes make it essential.
Income protection
Replaces part of your income when you cannot work due to illness or injury — paid as a regular benefit that can support you through short, medium and long-term periods off work.
Business owners have a version too: business expenses cover keeps a business running while the insured person cannot work in it.
Trauma / critical illness
Provides a lump sum to take financial pressure away while you focus on healing and recovery. The "big three" areas of claim are heart attack, stroke and cancer, but policies typically cover around 50 specified events.
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Income protection insurance in Perth, explained
Income protection is often the cornerstone, because for most people their income is their biggest asset. It generally replaces a portion of your regular income — commonly up to 70% — while you are unable to work due to illness or injury, paid as a monthly benefit. Two settings shape both the cover and the cost: the waiting period (how long you wait before payments start) and the benefit period (how long payments continue). A longer waiting period and shorter benefit period generally lower the premium.
Income protection through your super
Cover can generally be held inside your superannuation or outside it, and each route has trade-offs. Holding cover inside super can ease the cash-flow impact because premiums come from your super balance rather than take-home pay — but policies inside super can differ in features and tax treatment from those held personally. These are general explanations of how things typically work, not personal advice; the right structure depends on your circumstances.
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Investments
A diversified portfolio built around your goals, timeframe and comfort with risk — so your money works toward the life you want.
Super & Pension
Grow your super, contribute tax-effectively and put the right foundations in place for the retirement you want.
Cover that fits the life you're protecting
- Income protection sized to your income and budget
- Life & TPD cover matched to your debts and dependants
- Trauma cover for serious illness
- Guidance on holding cover inside or outside super
- Cover reviewed as your life changes
Award-winning advice, trusted by WA families.
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For many working people it is, because your ability to earn an income is often your most valuable asset, and income protection replaces part of your salary if illness or injury stops you working. Whether it is worth it for you depends on your income, your savings buffer, your other cover and whether anyone relies on you financially. Glow Wealth can help you weigh the cost against the risk so the decision fits your situation.
Premiums for income protection held outside super are generally tax deductible, because the benefit replaces assessable income. Cover held inside super works differently — the fund pays the premium. We will walk you through how it applies to you.
It covers a portion of your regular income — commonly up to 70% — while you cannot work due to illness or injury. It does not cover lump-sum costs, and like any policy it has exclusions and conditions, so what is and is not covered depends on the policy and your situation.
Many super funds include a default level of cover, and cover can be held inside super to ease cash flow. Policies inside super can differ in features and tax treatment from those held personally — each route has trade-offs.
Premiums depend on your age, health, occupation, the level of cover, and the waiting and benefit periods you choose. A longer waiting period and shorter benefit period generally lower the premium.
If people rely on your income — or your plans do — a period without it could undo years of progress. The right answer depends on your buffer, your obligations and your existing cover.
Life insurance pays a lump sum on the death of the insured; income protection pays a regular monthly benefit while you are alive but unable to work. They protect against different risks, and many people hold both.