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Era Wealth Management
is a Corporate Authorised Representative of
Millennium3 Financial Services P/L
ABN 61 094 529 987 | AFSL 244252

Is Your Family’s Financial Journey Protected Against Life’s Roadblocks?

Life is a journey, full of winding roads, unexpected turns, and the occasional roadblock. For James and Sarah, a husband and wife raising two young children, the road seemed clear. James worked as an executive, providing a stable income for the family, while Sarah managed the household and the children’s busy routines. Together, they mapped out a path toward a secure future, focusing on financial stability and family wellbeing.

But one morning, an unexpected “roadblock” changed everything. On his way to work, James was involved in a serious accident, leaving him hospitalized with multiple fractures. His injuries would require several months of recovery, taking him off the road to financial stability for a while. For Sarah, this sudden detour meant more than just helping James recover; it meant worrying about how to manage their finances and support their children without James’s income.

How Income Protection Helped James and Sarah Overcome the First Roadblock

Fortunately, James and Sarah had consulted with a financial adviser who helped them set up an income protection policy as part of their journey. This coverage provided them with a steady “detour” route, offering monthly benefits to replace James’s income while he recovered. With this financial support, Sarah was able to keep up with their family’s expenses without needing to divert from her own responsibilities.Their adviser was there every step of the way, helping Sarah manage the claims process and complete the considerable paperwork required to receive the benefits. This guidance made it easier for Sarah to focus on supporting James and their children rather than getting lost in a mountain of forms. Additionally, their adviser helped them access supplementary benefits in James’s policy, funding a specialist rehabilitation adviser who coordinated with James’s medical team. This expert developed a recovery plan that allowed Sarah to focus on her family, knowing they had professional support to guide them through each stage.

Facing a Bigger Roadblock: Total and Permanent Disability

As James worked through his recovery, it became clear that he wouldn’t be able to return to his previous role due to lasting physical challenges. After further evaluation, James was diagnosed with a Total and Permanent Disability (TPD). This was a major roadblock that no one could have anticipated. But, thanks to the planning they had done with their adviser, James’s TPD policy provided a critical “bridge” to help them move forward.

The TPD coverage gave them a lump sum payment that allowed them to:

  • Pay Off Their Mortgage: Removing this large financial “obstacle” secured their family home, providing stability and peace of mind.
  • Cover Ongoing Living Expenses: With funds in place, Sarah could now navigate their new path without worrying about day-to-day expenses, allowing her to support James and the children.
  • Plan for Future Needs: The remaining funds became a “safety net,” allowing them to invest in their children’s education and plan for James’s long-term care.

Once again, their adviser provided essential support through the claims process, handling the extensive paperwork needed to access the TPD benefits. This guidance gave Sarah the reassurance and practical help she needed to manage their new reality, without being overwhelmed by administrative burdens.

Mapping Out Your Own Financial Journey

For James and Sarah, their road ahead may look different now, but because they took time to plan, they can continue their journey with confidence. Life is unpredictable, and roadblocks like accidents, illnesses, or sudden changes can alter our course. But with a comprehensive wealth protection plan, you can stay on track, knowing you’re prepared for the twists and turns that may come.Just as you plan a route before setting out on a long journey, creating a personalized wealth protection strategy with the help of a financial adviser can help you avoid financial detours. With options for coverage both inside and outside of superannuation, you can build a plan that fits your budget and ensures your family’s wellbeing. James and Sarah’s story shows that the right plan—and the support of an experienced adviser—can provide the guidance needed to navigate life’s unexpected roadblocks.

Contact Era Wealth Management

Let Era Wealth Management help you map out a financial journey that protects against life’s unexpected turns. Contact us today to explore how a tailored wealth protection plan can provide your family with stability, security, and peace of mind, no matter what roadblocks lie ahead.

 

 

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