Understanding the types of insurance that you need is a complex process. Because of the complexities and risks of this industry, getting it wrong can be devastating. So, it benefits you to use an insurance specialist to guide you into making the best choices. In short, you need an insurance expert on your side.

Why use an Insurance specialist?

With an insurance specialist on your side, we take all the overwhelming information overload out of the equation.

Understanding the types of insurance that you need is a complex process. Because of the complexities and risks of this industry, getting it wrong can be devastating. So, it benefits you to use an insurance specialist to guide you into making the best choices. In short, you need an insurance expert on your side.

Wealth Smart works for you, not the insurer. We are going back to basics. Being an insurance specialist means managing every aspect of your program, from tender management, pricing risk management, claims management, personal care and attention. We are your ambassadors of “Quan”. We put the personal attention back into the personal attention.

We make the time to understand your business and the risks you face. You will and can have access to policies from more than 150 national and international insurers. This access is how we, as insurance specialists ensure you can feel confident in having all the cover you need via our Steadfast network.

As your “go to” insurance specialist company, we offer and place considerable time and effort in:

  •  Providing Value For Money
  • The Scale of our referral partner group means you get the best cover at the best price every year.
  • Peace of Mind

We work for you rather than the insurer, so you can rest assured that we place you and your business in the best hands.

  • Expert Advice From Experienced Insurance Specialists
  • Qualified insurance specialist experts who partner with you every step of the way.
  • Service

We are part of your team for the long haul – offering an understanding of you and your business needs.


A permanent full-time insurance specialist is a professional or business that interprets insurance plans and delivers risk management advice, suggestions, and support to their clients and wealth managers. Insurance specialists can also access and assess accident or insurance claims for personal or business insurance products. With a competitive salary, these insurance specialists need a clear understanding of risk management to curate a comprehensive plan that suits the client’s or wealth manager’s portfolio. Insurance specialists, with a competitive salary, manage the accounts of their personal and business insurance clients and must stay in contact with the client after completing the application process. Additionally, personal and business insurance specialists must ensure that government insurance programs comply with federal laws, regulations, and contracts in the healthcare industry. 


As insurance specialists, we have extensive knowledge about the personal and business insurance industry and its players. This knowledge means we provide a business insurance approach that listens to and matches your requirements. As insurance specialists, Wealth Smart gives our clients quality service and comprehensive insurance quotes that align with their life plans. Our services ensure you do not need to look further for an insurance specialist to guide your lifelong insurance needs for you or your business. 


Business insurance covers commercial assets, no matter the issue you may face. As full-time insurance specialists, we offer advice, support, and seeking options for different types of business insurance. Examples of these options include:

  • Property Insurance

Property insurance is a form of business insurance. It provides cover in the case of an accident or injury that affects the business’ stock or buildings. This business insurance product covers any company stock, whether held on its premises or not. Business insurance ensures the replacement of lost or damaged items based on their value. This business insurance product can also include Commercial Building Insurance, repairing or replacing a building if it is damaged or destroyed by fire, flood, vandalism, or natural disasters.

  • Business Interruption

Business Interruption covers costs for a period if your business cannot operate. The cover includes the business’ financial commitments while it recovers from the event. Claims from a Business Interruption policy typically cover the rent of the premises, rental prices of equipment, salaries, utility bills, and a range of other operating expenses.

  • Liability Insurance

Owning a business comes with potential risks. One of our insurance specialists can provide advice, suggestions, and support regarding hazards. Many of these risks can cause severe damage and potentially cause the business to fold if the company does not have Liability Insurance. The different types of business insurance products are:

  • Public – A basic business insurance product that covers damages to third-party property leading to personal injury or financial loss.
  • Statutory – Covers fines and additional costs if the business doesn’t comply with specific laws and acts.
  • Employers  – Covers claims related to employee defences and settlements.
  • Professional Indemnity – Covers legal expenses and claims due to negligent advice or services.
  • Directors and Officers – Covers the costs for legal representation, settlements and judgements if you didn’t provide indemnity.
  • Transit/Marine Insurance – Covers costs related to damage, loss, or theft of goods in transit.

Marine insurance covers four different factors. These factors include marine transit, marine cargo and consequential loss, marine commercial hull and loss of earnings, and marine liabilities. Marine liabilities include carriers, charterers, freight forwarders, marina/port operators, ship repairers, and stevedores.

  • Commercial Motor

A risk to having vehicles as business assets is that they can be damaged or stolen, which would heavily affect the company without the appropriate business insurance product. If you need commercial motor insurance, your company can access three types of this business insurance product, including:

  • Comprehensive Cover – Full range cover for vehicles and damage to vehicles.
  • Third-Party Fire and Theft – Covers the cost if the business vehicles cause damages to other vehicles, if the vehicle is stolen, or damaged by fire.
  • Third-Party – Covers the values and cost if another vehicle is damaged.
  •  Construction Insurance

This business insurance product covers business construction projects. Construction insurance includes licensed builders and contractors working on civil, commercial, or residential projects. It also covers contractual liabilities, the damage or destruction of on-site materials, and the entire construction project. Additionally, construction insurance covers damages to third-party properties, demolition, and rubble removal.

  • Cargo and Logistics

This business insurance product offers cover for a wide range of possibilities. Cargo and Logistics insurance covers the loss or damage of goods in transit to businesses like warehouses, shipping agents, freight forwarders, and carriers. This transit may be via air, sea, rail, or road. This business insurance product covers the business and makes it more reputable, as the customers have the assurance that their assets are also protected. Companies can also use this business insurance product to cover damage to logistical vehicles or vessels and any legal or contractual liabilities.

  • Share Purchase

This business insurance product covers any issues regarding shareholders. For example, if one of the business’ shareholders has died or has suffered a permanent disability and is unable to work, this insurance would be helpful. By purchasing Share Purchase, companies can set up a share purchase agreement to deliver benefits to the family of the shareholder and investors of the business. A lump sum business insurance payment pays out to the family. The other shareholders retain the balance of the shareholder’s share.

  • Key Person

Key person business insurance covers the loss of key personnel. This cover is critical if the owner or essential employee cannot continue working due to illness or injury. You will receive a monthly benefit or a lump sum via this product. Also, you can use the benefit to appoint a team of replacement staff, cover any costs, or provide business relief in other ways.

  • Employee Benefits

Employees must be happy, productive and committed to run a successful business. To achieve this, companies can offer a complete range of insurance schemes with the appropriate business insurance product. Companies can use this cover to restructure their ACC or to deliver a group scheme. ACC will cover the company for accidents, while group schemes cover a range of employees. The group scheme covers medical costs, trauma and life insurance. It can also protect the employee’s family members.

  • Management Liability

Most businesses choose to insure the company against theft, fire, and injury, but many forget to insure the management and staff team against the risks of owning a business. Management Liability insurance covers senior staff team members if they make a mistake or engage in misconduct that negatively affects the third party. Board members in private organisations should consider purchasing this business insurance product.

Management Liability insurance holds the business accountable and covers the company’s finances and senior staff team members. Examples of claims from this business insurance product made against senior staff team members may include:

  • Bullying
  • Breach of duty
  • Defamation
  • Discrimination
  • Fraud
  • Harassment
  • Occupational Health and Safety
  • Theft by employees or contractors
  • Unfair dismissal

This business insurance product also protects those covered against damages and potential claimant costs, legal fees, and dealing with investigation costs. Other protection includes civil fines, penalties, and representation costs if the staff team member is required to attend an inquiry or investigation regarding company affairs.

Cyber and Privacy

Due to the evolution of the internet, cybercrime has become a significant threat to business. Cybercriminals use personal information, intellectual property, and other information about the business as ransom or as leverage. If this were to happen and information about clients or staff teams were to become compromised, businesses could incur significant financial and reputation adverse effects.

Cybercrime is a threat to all. In 2020, Australian unity businesses lost $1 billion due to cybercrime. Today, Australian unity businesses lose up to $3.5 billion annually. But despite this, companies do not hold themselves accountable, and this area of business is still the least insured. There are two different types of cyber insurance solutions to cover your business:

  1. Cybercrime Insurance, also known as a Cybercrime Policy Extension. This business insurance product covers the business for theft of money because of cybercrime. Examples of cybercrime that steal money are social engineering fraud, phreaking, and phishing.
  2. Cyber Liability and Privacy Protection Insurance. This business insurance product has limits of up to $10 million and covers the following:
  • First-party costs and expenses for a cyber event or breach of privacy.
  • Fines and penalties due to a cyber event or breach of privacy.
  • Business interruption or consequential loss due to a cyber event or breach of privacy.
  • Third-party costs and expenses due to a cyber event or breach of privacy.
  • Professional Indemnity

Running a business and offering professional advice leaves room for risk. This risk can sometimes lead to consequences like lawsuits and a damaged reputation, which is why companies need professional indemnity insurance. This business insurance product covers the assets and the brand of the business if they face legal action due to ill-given advice.

Professional indemnity insurance protects the business against allegations, negligence, breach of professional duty or incorrect advice, and professional misconduct. Also, this business insurance product covers legal representation costs and expenses for dealing with the investigation and the settlement of the claims. 



To prepare for whatever life throws at you, you need personal insurance. As insurance specialists, we deliver advice, support, and access to different types of personal insurance, such as:


House insurance covers your house for damage, whether partial or total.


If your possessions have been stolen or damaged, contents insurance helps replace these items. Contents insurance covers possessions and items like stolen keys, spoiled food, or lost and stolen credit cards. In most situations, you can use this insurance to replace items with new goods, no matter the age of the insurance contents.


Driving your car comes with the risk of getting into an accident, but this risk is covered by having Car Insurance. To be accountable as a potential insurance buyer, you have access to three types of Car Insurance on the market, which are:

  1. Comprehensive Cover covers your car and any damage to other vehicles.
  2. Third-Party Fire and Theft covers any damage to other cars and your car if stolen or damaged by a fire.
  3. Third-Party that covers the cost if you damage another car.

Rental Property covers your property for damage if it is affected by gradual wear and tear or destroyed by a natural disaster. This cover provides benefits to repair or replace the property or to reimburse the policyholder for loss of rent. Rental Property insurance can also cover damages and loss of rent because of drug contamination, damage by tenants, legal liability and reparations due to damages by a third party. Lastly, it protects against harm to the items on the property belonging to the landlord.


Travel Insurance covers medical assistance, lost luggage, and excesses you may have from rental cars, and also offers 24-hour emergency service. Travel Insurance can also cover private hospital care services, civil unrest in specific locations, terrorism, and cover for high-value items.


Life insurance takes care of your loved ones. If you have been diagnosed with an illness and have less than 12 months to live or if you die, Life Insurance pays out a lump sum to the beneficiaries. When purchasing Life Insurance, you should consider possible banking expenses, mortgages, the children’s education, debt, and the dependants’ income.


Trauma Insurance covers the policyholder if they suffer a serious health condition or injury. To avoid having the financial stress of medical bills after a traumatic incident, you should consider Trauma Insurance. This cover pays a lump sum if the policyholder suffers an accident or a specific health condition. Policyholders can use the lump sum to cover medical expenses, living costs, debt, or lost income.


Disability Insurance is beneficial if the policyholder suffers a traumatic event, becomes disabled, and cannot work as it pays out a lump sum for total or permanent disability. This lump sum offers financial stability, which you can use to pay mortgages, living expenses, debt, and ongoing care needs.


This insurance covers your salary as it pays a monthly benefit to the policyholder if they cannot work because of illness. The policyholder and dependents can survive until the policyholder can return to work. Different types of Income Protection options have various banking benefits.


If you need medical attention or procedures, health insurance will cover these. This insurance offers a base cover for surgical procedures at a private institution. Additional benefits of this health insurance include specialist or GP visits, dentists, and optometrists. 


At Wealth Smart, we pride ourselves on being insurance specialists that offer meaningful information and advice to our clients to obtain comprehensive cover. We also advise on competitively priced insurance to save time and money. Our team of top financial planning advisors in the country offers advice, support, and recommendations on Life Insurance, Trauma Insurance, Income Protection, TDP, Corporate and Personal Superannuation, Commercial Insurance, Personal Insurance, and SMSF Insurance.


Life insurance contains one or many different types of insurance products. Policyholders can compile a comprehensive package of insurance products. The products you can access are banking and income protection, trauma and business expense coverage, or TPD insurance.

Although you can choose from these different insurance products, Life Insurance must include Life Cover. Term Life Cover pays a lump sum of up to $1 million. This lump sum pays once the policyholder dies or has been diagnosed with a terminal illness and has less than 12 months to live. If the policyholder has been diagnosed with a terminal illness, they will qualify for an advance payout once their medical practitioner provides proof of their terminal illness.

Before applying for Life Insurance, you should consider the benefits. You should also consider some limitations, like the waiting period before making a claim, potential limits on the cover, exclusions, and the cost of the insurance premiums.


Trauma Insurance comes in handy if you suffer a traumatic event and need time off work to recover. Other insurance solutions will also be beneficial during this time, like Income Protection Insurance and Life Insurance, but the benefits paid out may not be enough over time. Trauma Insurance can cover this gap as these insurance solutions, also known as critical illness insurance, pay out a benefit or lump sum. This benefit is calculated based on the diagnosis of the condition. Policyholders can use this lump sum to pay for medical expenses, debts, mortgages, and credit cards. All that’s necessary is to speak to us as your insurance specialist for professional advice.


If you cannot work due to illness or injury, Income Protection will pay out benefits to replace the income lost and maintain a stable inflow of funds. The policyholder’s income is an asset and can be insured. These insurance solutions offer a portion of the monthly income if the policyholder cannot work because of an injury or illness. This insurance provides peace of mind no matter the unfortunate situation the policyholders face. These insurance solutions have additional features like:

  • The monthly premium for these insurance solutions can be waived while receiving the monthly benefits.
  • Policyholders choose their waiting periods.
  • Policyholders choose how long they will receive the monthly benefits.
  • Policyholders can select indemnity value cover and agreed value cover, which would influence their premium and benefit amounts.

As a top insurance specialist, we offer you the necessary services to create a comprehensive insurance portfolio of Life Insurance solutions. Contact us at 1800 765 100, or visit our website to start planning for your future.

  • TPD

TPD stands for Total and Permanent Disability insurance. This insurance product provides policyholders with a lump sum benefit if they become totally or permanently disabled and unable to work. This situation may arise due to losing a limb, or vision, or paralysis. Policyholders who have a career requiring a high degree of physical mobility or strenuous fieldwork should have TPD insurance. The payout can service expenses like rehabilitation, paying any existing debt, and general day-to-day costs the policyholder and their dependents may face. When you need an insurance specialist in business insurance and individual insurance, contact us for guidance in creating a new, safer future for you and your loved ones.


Superannuation is like Life Insurance and offers life cover and additional insurance benefits. But, it has other advantages like better investment earnings. Superannuation, or a super fund, works like general life insurance to cover you and your family in the case of an unfortunate situation. Employees must make a salary sacrifice due to injury, illness, or death to receive the benefit from superannuation. Many people prefer dealing with investing in a super fund as this will increase their final lump sum payment once they retire. Another reason why people prefer super funds is that contributions to the fund come from federal government co-contributions.

Many insurers run a range of super funds, which benefit policyholders. A sizeable super fund means that the insurance company has been able to acquire group discounts for a considerable number of investors. The insurance company always has the policyholders’ best interests at heart as they try to increase superannuation savings. Policyholders can also purchase different insurance solutions through their superannuation. The other option is to buy them from a retail life insurance provider. This choice is often cheaper, and policyholders can pick from insurance solutions like life cover, income protection, TPD insurance, and trauma cover.

But, policyholders must be mindful that purchasing insurance solutions through superannuation has pros and cons. There are several advantages to buying insurance through superannuation. These include cheaper rates, no health exams, and the monthly premiums are usually tax-deductible. The premiums are tax-deductible because they are from any contributions to the super fund.

There are also disadvantages, including generic that is not customizable, longer processes and waiting periods because the benefits received need to run through the super fund and policyholders often cannot elect a beneficiary. Additionally, the super fund’s premiums can negatively influence the policyholders’ overall retirement savings. To explore your options, contact your Wealth Smart insurance specialist for further advice.


Business owners will benefit from dealing with Commercial Insurance as it can cover assets, properties, business processes, and employees. Wealth Smart’s team of advisors can offer direction, support, and assist business owners with general and business insurance such as:

  • Aviation
  • Business Interruption
  • Business Pack
  • Contract works
  • Corporate Travel
  • Cyber
  • Events
  • Farm
  • Marine
  • Management Liability
  • Products and Public Liability
  • Professional Indemnity
  • Trade credit
  • Works Compensation
  • Industrial Special Risks
  • Product Recall

The different general and business insurance cover the business for any injuries at their place of business. It also covers the properties and assets if the company suffers a fire, theft, or flooding. Other general insurance covers vehicle protection for accidents, vehicle repairs, or infrastructure maintenance. Finally, this full range business insurance covers any losses due to eviction costs, damage, compensation, and rent loss if you are the landlord.

Being insurance specialists, we can offer you a range of resources and services. If you are interested in this, contact us at 1800 765 100, visit our website, or visit our team at the office.


No matter the policyholder’s age, career, or circumstance, buying personal insurance solutions is a must. Wealth Smart can advise potential policyholders on a range of individual insurance solutions that cover the home and its contents, landlord, motor, strata, and travel. And we are a top insurance specialist, so our clients have every assurance we provide them with sound advice and direction on full range business insurance and personal insurance products.


SMSF Insurance, which stands for self-managed super fund insurance, is an uncomplicated and cheaper group life insurance policy. Policyholders that purchase these life insurance solutions benefit from tax advantages because they can structure the life insurance solutions through superannuation.

A sizeable super fund means that the insurance company has likely been able to acquire group discounts for a large number of investors. Because of this, the SMSF insurance premiums are tax-deductible because they come off the super fund’s earnings after the annual tax return. This method is only possible if the SMSF is listed as the policy owner. Many people prefer this form of insurance as they can tailor it while not having the premiums and discounts affect their cash flow.

The lump sum benefit from the super fund only pays if certain conditions are met. These conditions are if the policyholder experiences permanent disability and cannot work, temporary incapacity where the policyholder cannot work for a period, or death.


Wealth Smart Australia Pty Ltd (Wealth Smart) is an advisory and insurance specialist for Corporate and Personal Superannuation. We have a range of insurance specialists and a team of advisors trained to offer financial advice and planning solutions to our private clients. Wealth Smart is an online Life Insurance comparison website that allows people and organisations to select competitively priced and full-range insurance solutions.

Our helpful team of advisors offer advice and support and assists you in selecting, evaluating, and applying for full range insurance solutions. Our full range of offerings is even better because we work with a team of top insurance partners in Australia and New Zealand. We also have a team of superannuation advisors who can advise and assist with awareness of super plan offerings.

Wealth Smart consists of two businesses: Online Risk Business and a Superannuation Advice Company (Wealth Smart Super). The Online Risk Business compares insurance coverage and costs in Australia with the assistance of insurance specialists. The Superannuation Advice Company (Wealth Smart Super) is more complex as it offers the services of a team of superannuation advisors to present the opportunity to arrange, review, and select full range solutions for businesses, corporate partners, and individuals. These policyholders can choose from a corporate, personal, or wholesale super policy from a range of products you can access on the market in Australia.

Wealth Smart Australia is a corporate authorised representative of Millennium3 Financial Services Pty Ltd, one of the largest Australian Financial Services licensee advisor groups. Millenium3 has an extensive network of 300 qualified financial advisors in Melbourne and all states across Australia, with the head office located in Sydney and Brisbane. Our helpful team of advisors are either self-employed practice owners or are employed by the specific practice as advisors and have an ethical duty to uphold the client’s interests at all times. 


Personal and business insurance premiums may be costly, but cancelling insurance to save money is short-sighted and not worth losing. Insurance solutions are essential and can help you stay afloat in difficult situations. If you suffer an accident, illness, or disaster, having insurance will leave you with fewer financial worries if you have the correct insurance.

Life insurance benefits your beneficiaries and dependents if you pass away. It gives them the chance to pay debts, replace the lost income when you can no longer work, and maintain their living standard after you are gone. If you have assets, like a car or property, car and property insurance will be valuable if these assets are damaged, stolen, or destroyed.

Wealth Smart, your personal and business insurance specialist, presents a full range of resources, information, advice, and resources. You can choose comprehensive insurance solutions, and an insurance specialist will outlay why these products add value. Contact us for your insurance solutions at 1800 765 100. 


There is nothing wrong with paying your insurance premiums. Insurance premiums may be costly and can even increase each year, but paying for cover in case of an emergency is worth it. But, if you cannot pay a premium, there are grace periods. Insurance partners have the right to terminate your insurance policy if you cannot make monthly payments, but there is a short period, called a grace period, where you are allowed to miss a payment/payments.

In many cases, insurance partners have a grace period of 90 days, but this has specific conditions. You will have to qualify for advance payments or already have paid at least one month’s premium. Once you have reached the end of the grace period, you will have to pay the outstanding insurance premiums to ensure that the insurers do not terminate your coverage.

If you have not paid the outstanding premiums by the end of the grace period, your insurance partners will probably terminate the coverage. If this happens, you can reapply for insurance. Some insurance partners require you to pay the outstanding premiums before accepting your new application.


Job seekers can pursue insurance specialist jobs to work permanent full-time and at a competitive salary. With these rewards come responsibilities. They will also have the duty to offer advice, interpret insurance plans, and offer risk management advice to their clients and wealth managers. For job seekers, the primary responsibilities of an insurance specialist jobs are:

  • Offer the highest customer service to the members, trustees, and stakeholders. This is done by processing claims within agreed quality standards and SLAs.
  • Ensure that the work items submitted by Claims Officers are accurate so that they are in accordance to fund trust deeds.
  • Challenge stakeholders and any complaints if need be.
  • Be a point of technical reference if there are technical, product, or listening to process queries.
  • Lead and teach Claims Officers to aid their development, provide feedback, and ensure ongoing training.
  • Dealing with the team leader manages tasks, high-priority requests, projects, and workflow.
  • Dealing with report preparation.
  • Offer technical input to assist in the improvement projects or activities.
  • Practice risk management to curate and recommend ways to decrease risk with processes and products. Job seekers need to remember that insurance specialist jobs, who work permanent full time with a competitive salary, will also have to implement process improvement strategies.
  • Offer recommendations to improve processes, lead best practice initiatives, and use feedback to improve.
  • Communicate with insurers and third parties to ensure that the insurance coverage has been finalised for the policyholder.
  • Dealing with process requests and adjustments that align with service standards.
  • Offer recommendations and reviews to ensure consistency and high-quality responses.
  • Follow up on insurance inquiries and complaints swiftly and ensure communication with the policyholder. 


Insurers have the primary duty to offer advice and protect the assets of their policyholders. But they also need to protect their policyholders’ personal information. The personal and business insurance industry focuses extensively on risk-based analyses and risk management processes to protect their policyholders’ information.

Different types of risks may arise in the personal and business insurance industry. These risks are monitored by team members who know and can offer advice in other areas. Risk can be categorised into four sections: financial and report risk, compliance and governance risk, operational risk, and strategic risk.

Examples of financial and reporting risk pertain to market, tax, and credit. Compliance and governance risk pertains to ethical, regulatory, international commerce, and privacy. Operational risk relates to the security and confidentiality of information and technology, supply chains, labour disputes, and natural disasters. Strategic risks correlate to changes in the demand of policyholders and new competitors in the personal and business insurance industry.

Managers discuss, monitor, and modify the insurance company’s risk-response strategies. These managers use tools to determine and assess potential risks. These tools are:

  • Threat trees used for cybersecurity risk
  • Risk breakdown structures used for project risks
  • Delphi exercises used for investment risk 

The risk management processes are of great importance because they offer the insurance company the necessary tools to determine and control risks. If a threat arises, the insurance company’s risk management process can take control of and control risks.

Risk management also allows the insurance company to improve its decision-making processes. By doing so, the insurance company can prepare for threats that may hinder business progress and growth. In turn, this creates greater room for success. Risk management processes also ensure that risks that are of high priority are managed aggressively.


As a leading insurance specialist in Australia, Wealth Smart can advise you on specific waiting periods and payment conditions that insurance products have. The benefits of Life Cover will be paid to the policyholder once the medical practitioner gives them a terminal illness diagnosis and confirms they have less than 12 months to live or to their beneficiaries once they die.

If the policyholder receives a terminal illness diagnosis, the medical practitioner must prove it is terminal. Once the insurer approves the claim, they will pay the agreed benefits to the beneficiary within two weeks.

The insurance company will pay out the benefits of TPD insurance to the policyholder once a medical practitioner determines they will never be able to work again due to their injury. The waiting period for this insurance product is three to six months. The insurer will pay the benefits of trauma insurance if the policyholder meets specific conditions set out by their insurance provider.

Policyholders can only claim after three months of purchasing trauma insurance. Their claims will not be approved if they suffer a trauma before this period ends. If the policyholder has made a claim and it has been approved, the benefit will be paid immediately. But, policyholders need to remember that specific conditions have payment waiting periods of up to three months.

Being insurance specialists, we can offer you a range of services so you can choose from a full range of insurance solutions. If interested, reach us at 1800 765 100, visit our website, or come to see our team at the offices located in Sydney or Brisbane.


No matter your age, you should purchase personal insurance to cover yourself and your assets. This purchase applies to company owners who should ensure that they have business insurance to protect their enterprise.


People in this age bracket often do not see the importance of personal insurance as they are still healthy and cannot afford the necessary insurance. Many 20 to 30-year-olds purchase their first car, sometimes a home, and even start a family. If you are a person like this, having different insurance products, like car insurance, home insurance, travel insurance, and life insurance, is essential.

But, if you do not have dependents or many assets, it would still be wise to purchase life insurance and insure your current assets. Personal insurance quotes, specifically life insurance quotes, are calculated using the policyholder’s age, career, and gender.


We offer the use of a calculator to determine an estimated premium and discount price for specific insurance products. Potential policyholders can also get a personalised life insurance quote if they are uncertain of what their budget allows.


20 to 30-year-olds can purchase various insurance products like car, home, and life insurance. Life insurance includes options like life cover, TPD insurance, trauma insurance, and income banking protection insurance. Although many people avoid buying insurance when young, they can avert massive stress later in life. Life insurance will lessen the financial burden on their family members and dependents when they die.


But the main benefit of purchasing insurance at a young age is that premiums are lower due to discounts. The reason is that younger people are a lower insurance risk. Statistics show that purchasing life insurance after age 30 can be 10% higher than if bought before turning 30.

If you purchase life insurance after 65, the premiums could be 70% higher. By purchasing life insurance at a younger age, you ensure that your insurance premiums are cheaper throughout your life. If you cannot purchase specific additional benefits at this age, do not worry. You can add benefits and extras as you get older and have a bigger budget.

Purchasing insurance at a young age is also a smart move to improve your credit rating. The better your credit rating, the better your chance of lenders approving a loan or mortgage when you need one. Policyholders should understand that most life insurance solutions don’t pay benefits for self-inflicted injuries. Other exclusions include pre-existing health conditions, suicide, war-related injuries, high-risk sports, or a high-risk career.


To understand an insurance product’s terms and conditions and exclusions, speak to one of our insurance specialists today. Contact Wealth Smart, your insurance specialist, if you want to purchase a personal insurance policy. One of our helpful team of financial advisors will provide you with the information and advice you need.

We have a team of insurance specialists across Australia, and the head office is located in Sydney and Brisbane. We can recommend comprehensive plans based on your financial situation, taxation, premiums, etc. Call us on 1800 765 100 to get insured today.


People in this age bracket have often settled into their careers, bought a home and car, possibly started a family, and begun reaching their personal goals. Some people are still single, while others have started a family and have dependents. No matter who you are, you now have much more responsibility, so you need comprehensive coverage for the worst-case scenario.

If you were to sustain an injury, become terminally ill or die, there is more risk than when you were in your 20s and 30s. If you still do not have life insurance or other personal insurance products for your assets, now is the time to make a change. We offer the use of an insurance calculator to determine an estimated premium price for specific insurance products. Potential policyholders can also get a personalised life insurance quote if they are uncertain of what their budget allows.

Many Australians have access to basic life insurance on the market thanks to their employers or super fund. However, this access may not always provide enough coverage. Basic coverage often does not provide sufficient protection and benefits to support yourself if you experience trauma or to support your family if you die. 30 to 40-year-olds can purchase a range of products like car, home, and life insurance to cater for their future financial security.

Life insurance contains the possibility of different insurance products like life cover, TPD insurance, trauma insurance, and income protection insurance. Insurance functions to cover your assets, pay for medical expenses, or your funeral if you were to die. Still, an additional benefit is that the premiums may be the cheapest if you purchase now. The younger you are, the more affordable the premiums because younger people are at lower risk. Statistics have shown that by buying life insurance after age 65, the premiums could be 70% higher.

Policyholders must appreciate that most insurance companies exclude benefit payouts for specific events. For instance, insurance companies are unlikely to honour a claim in the event of injuries following self-harming behaviour. Also, suppose you suffer from a health condition before buying insurance. In that case, the company is unlikely to pay for claims linked with that condition. Other exclusions encompass suicide, war injuries, injuries from playing high-risk sports and dangerous careers. To understand an insurance product’s terms and conditions and exclusions, speak to one of our insurance specialists today.


People in this age bracket often have children who are in school and need to consider expenses like school fees, credit card debts, and mortgages. If you do not have personal insurance or a long-term financial plan at this point, you need to get started. Private insurance and a long-term financial plan will protect not only you and your finances but also your dependents.

When purchasing personal insurance, the premiums are usually cheaper the younger you are, as the premiums depend on your age, gender, and career. Policyholders need to remember that some insurance products, specifically life insurance products, have specific exclusions to people in older age groups. This is why buying insurance products at the youngest age possible is a smart move.

40 to 50-year-olds can purchase various insurance products like car, home, and life insurance. Life insurance embodies many possibilities when it comes to the diversity of products. For example, you can build your security with a life cover policy and bolster it with TPD insurance. Additionally, you can add trauma insurance to the mix to cover you for unforeseen events and buy income banking protection insurance to protect your business and employees.

Wealth Smart suggests using its online calculator to determine an estimated premium price for specific insurance products. Potential policyholders can also get a personalised life insurance quote if they are uncertain of what their budget allows. Insurance helps cover your assets and pays for medical expenses or your funeral when you die.


People in this age group may have reached a point where they want to start slowing down, leading to retirement. Most people will have children in high school, university, or even have a career. Some have their mortgages almost fully paid. If you do not have personal insurance products yet, it would be wise to look into them.

Although you may be in the later stages of life, it is not too late to purchase life insurance or other personal insurance products. If you were to acquire an injury, an illness, or die without life insurance, you and your dependents would have to pay for the expenses out of your own pockets. To avoid this, you should purchase life insurance and other personal insurance products now to prevent these stresses in the future.

40 to 50-year-olds can purchase a range of insurance products like car insurance, home insurance, and life insurance. Other than life cover, you can secure your future with TPD insurance and many other life insurance options. Examples of additional protection include trauma insurance and income banking protection insurance.

Potential policyholders can also get a personalised life insurance quote if they are uncertain of what their budget allows. Because of your age, some features, specifically a part of life insurance products, will not be accessible anymore.

To understand an insurance product’s terms and conditions and exclusions, speak to one of our insurance specialists today. There is also the risk that your life insurance application may be denied. This application can be rejected because people in this age bracket are at higher risk, which is not a good sign for insurance providers.

If you want to purchase a personal insurance policy, contact Wealth Smart, your insurance specialist. One of our team of financial advisors will gladly share the necessary product information you need to protect yourself and your family. We will also advise you on which products will meet your needs, so you make informed decisions about your future well-being.

We have a team of insurance specialists based across Australia and a head office located in Sydney and Brisbane. This team can recommend a full range of plans based on your financial situation, taxation, premiums, and more. Call us on 1800 765 100 to get insured today.



People within this age bracket may have reached the point where they are about to retire or have retired already. This life chapter is when you should sit back, relax, and enjoy the fruits of your labour. Spend your free time as you like, enjoy family time, and do not worry about your finances. But you cannot relax and be worry-free if you do not have life insurance and other personal insurance products.

Contact us if you are in this age bracket and do not have personal insurance solutions. We can provide you with a personal insurance quote for seniors. Personal insurance products and a life insurance policy would give your dependents peace of mind, well-being, and financial support if you fall ill or die. Although it is better to purchase a life insurance policy in your younger years, it is never too late. Seniors do not qualify to get many different types of life insurance. Still, they are eligible for term life insurance if they apply.

Over 60-year-olds can purchase various insurance products like life cover, trauma insurance, and funeral insurance. If you buy these products, you, your spouse, and your dependents will be covered if you get an injury or illness or die. The insurance product will also pay a lump sum to the beneficiary. This lump sum is always welcome for paying funeral expenses and providing financial support to your dependents after you have passed.

Remember that most life insurance solutions have exclusions. Simply put, an insurance company will not pay out for certain activities or occurrences. Some of these occurrences include injuring yourself on purpose or trying to claim for a disease you did not disclose or the policy does not cover.

Besides these exclusions, many insurance providers do not cover people in dangerous jobs, if they commit suicide, play hazardous sports, or go to war. An insurance specialist can walk you through all these details before you commit to a specific life insurance product. So, the better informed you are about what you’re paying for, the better off you will be in the long run. Our insurance specialists at Wealth Smart are here to streamline this process and get you the financial protection necessary to lift one more stress off your shoulders.

Wealth Smart suggests using a calculator to decide an estimated premium price for different insurance products. Potential policyholders can also get a personalised life insurance quote if they need to evaluate product prices in relation to their budgets. Because of your age, the premiums for life insurance will likely be higher than usual. This is because seniors pose a higher risk for insurance companies.

Many insurance products also have a maximum entry age limit or exclude specific health conditions, which may make them inaccessible to you. But if you want further information, we will be happy to share our expertise to help you make the right decision.


Claiming may be stressful if you or your dependents have experienced a traumatic event. This experience is why Wealth Smart, the insurance specialist, aims to make the insurance claims process as smooth and stress-free as possible. If you have to make claims, get in contact with one of our advisors, who will offer advice and knowledge, and assist you in following these three steps:


Get in touch with us when making a claim. We will offer advice and knowledge and assist you in completing all the paperwork. We will also guide you in gathering the correct supporting documentation to support your claim.

When making a claim, the primary policyholder does not need to make the claims themselves. Besides, this will likely be impossible due to unfortunate events. However, the primary beneficiary does have to validate and receive the claims. If you want to start the claims process, contact your insurance specialists to assist with your account at 1800 765 100.


When making a claim, you need specific evidence and documents. The nature of these documents depends on the claims being made. For example, suppose you claim Income Protection, TPD, or Trauma insurance. In that case, you need to contact one of our advisors, who will inform you which documents are necessary.

The documents and evidence you may need are medical certificates, reports from the medical practitioner, and documentation from your employers. If you claim for death cover, papers like the death certificate from the coroner’s office or funeral director are essential to support your claim.


After our team of advisors has helped you collect the documentation, you can submit the claims. After the submission, our advisors will contact the insurance provider to get the best outcome for the policyholder and their dependents.

Once the claim has been approved, payments will be paid to the beneficiaries. Your Wealth Smart advisor can provide you with a progress report for every step of your claim. Should any paperwork be missing or the insurer require additional information, we can help ensure your claim is paid out as quickly as possible.