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
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.
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
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 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
Be different today so you can be different tomorrow
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
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
Four things to remember when choosing a beneficiary
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
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
Arrow Focus on Wealth
2 Thredbo Drive
Worongary Qld 4213
P 07 5530 3500
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.