March 2018

As Easter is fast approaching we wish you all a safe and Happy Easter period.

We will be staying close to home and getting ready for the Commonwealth Games to start on Gold Coast. Janet has been lucky enough to get tickets to both opening and closing events plus some sports finals.We have visitors staying in our BnB attached to our home who are visiting for the Games.

Welcome to the latest edition of our client newsletter! We've included a mix of articles designed to share our insights and experiences, we hope you enjoy reading them.

In this edition, we discuss the different types of insurance premiums and provide you with information on what to consider when choosing a beneficiary and explore the issue of the differences in generations and how things change.

If you would like to discuss any of the issues raised in this newsletter, please don't hesitate to contact us.

In the meantime, we hope you enjoy the read

Steve

Stepped and Level Premiums: What's the difference?

When it comes to protecting your family, knowledge is not just power it's security.

You have a choice when it comes to paying premiums: stepped or level. But what does that mean and which one is right for you? There is no one-size-fits-all answer as both policies will be suitable for different types of policyholders.

We aim to lay out both the benefits and drawbacks to stepped and level premiums, that proves the question is not complicated; in fact, it offers consumers greater choice in protecting their loved ones. Use this guide to help you make a more informed decision about which option is the best fit for your unique lifestyle, needs, and circumstances from now and into the future.

Level premiums
Level premiums will cost more to begin with, but the premium you are charged will be based on your age at the time you took out that cover. You can still have the cover adjusted to keep pace with inflation the cost of that new Read more

Be different today so you can be different tomorrow

Every generation thinks life will be different and of course, each one is right - but when it comes to planning for the future, while we're young we have a habit of thinking there is still plenty of time. After all, when you're in your mid-thirties or even early forties, retirement is still decades away; later if the government decides so!


However, like anything forgotten too long, the years pass quickly and the time we could have used constructively has disappeared. For example, early Generation X is now on the countdown to retirement.

If you want to be different today, plan to be different tomorrow.

Start with your grandparents
What did their working life and retirement look like?

Let's imagine your grandparents are both in their eighties. It's likely that Grandad started working in his teens and stayed with one employer for most of his life. Structured superannuation was available to the very few. He retired at 55. Read more

Four things to remember when choosing a beneficiary

Choosing a beneficiary is usually a simple task, but there are a few things you should keep in mind when you decide. 

A beneficiary is the person who will receive your life insurance payment should you pass away. When choosing yours, it's important to think about who would be most financially vulnerable without you in their life. For most people, this is their spouse or children.

If you're yet to nominate your beneficiary for your Life Insurance, you can easily do so. Nominating a beneficiary may seem straightforward, but there are a number of things to be aware of and plan for.

1. If you don't have a beneficiary
If you hold the policy in your name, your benefit will go to your estate and be managed as part of your will.

If you have outstanding debts when you pass away, your benefit may be used to pay them before it is distributed to the people named in your will this means your loved ones could miss out on Read more

Arrow Focus on Wealth

2 Thredbo Drive
Worongary Qld 4213
W www.focusonwealth.com.au
E janet@focusonwealth.com.au
P 07 5530 3500
Facebook /focusonwealth.com.au 

Steve Culpitt is a Sub Authorised Representative ( AR 270473) of Arrow Focus on Wealth.
Arrow Focus on Wealth Pty Ltd is a Corporate Authorised Representative (CAR 270472) of GPS Wealth Ltd AFSL 254 544 Australian Credit Licence 254 544 ABN 17 005 482 726 General Advice Warning: This communication contains general advice only. The information has not been prepared to take into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual needs and you should seek advice before making any decisions regarding any products or strategies mentioned in this communication.
Disclaimer: Whilst Arrow is of the view the contents of this article is based on information which is believed to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Arrow or GPS Wealth Ltd or any officer, agent or employee of Arrow or GPS Wealth Ltd.