At Donnelly's we are committed to ensuring that our clients are properly protected against financial risks that might seriously affect or even destroy their lifestyles if left uninsured.

Nobody's life protection should remain static over the years… as you progress through life's cycles you need more cover when financial committments are high and family is young, and less later in life when you are more financially secure and when your focus turns to retirement planning.

Types of protection available

Money for your family
Life insurance provides money for your family, partner and/or dependents if the main income earner dies or becomes terminally ill.

Regular income
Income Protection insurance pays to a disabled bread-winner up to 75% of their regular income while they are unable to work because of illness or injury.

Lump Sum Payment
Recovery insurance as it is commonly called provides a lump sum payment if the insured person suffers an insured condition. These conditions typically include:
Cancer, heart attack, stroke, major organ transplant, dementia, paralysis, multiple sclerosis, severe burns, motor neurone disease.

How Much Cover

Many factors affect how much cover is enough, like age, number of dependants and financial circumstances. Everyone is different and people’s situation requires individual assessment according to their own personal needs and goals so we recommend a personal needs analysis by our financial adviser.

However, for a rough ‘rule of thumb’ indication of how much cover you might need the following guide may be of some assistance:

One way of calculating how much total cover you need to maintain your lifestyle is to multiply your annual salary (before tax) by 10. For a senior aged person, a lower multiple might be more appropriate, while a younger person or business owner might require a higher multiple.

Call us to arrange a review of your life insurance protection with our life broker representative, without obligation.

Donnelly Financial Services Pty Ltd
Corporate Authorised Representative of:
Millenium3 Financial Services Pty Ltd - ABN: 61 094 529 987
Australian Financial Services License No. 244252