Know Your Insurances

Learn about some of the different types of insurance options available to you.

Trauma Insurance


Trauma insurance, also called ‘critical illness’ or ‘recovery insurance’ pays a lump sum amount if you suffer a critical illness or serious injury. This includes cancer, a heart condition, major head injury or stroke.

Income Protection Insurance

Income protection is typically arranged where 75% of your pre-tax income is recovered via insurance if you cannot work due to partial or total disability. This will help you and your family continue staying on top of your expenses as you recover.

Life Insurance

Life insurance is beneficial to those around you. In the event of your death, the insurance company will payout a lump sum to your beneficiaries. If you have dependents, life insurance may be something that should be seriously considered.


TPD Insurance (Total and Permanent Disability)

Total and permanent disability insurance will payout a lump sum if you become ‘totally and permanently disabled’ because of injury or illness.

    Own occupation TPD
  • You cannot ever work in your current job after you are disabled
    • Any occupation TPD
  • You cannot ever work in any job suited to your education, training or experience


Frequently Asked Questions

We would recommend using our budgeting tool to give you some indication on ensuring you will have enough money for the day you retire. However, planning for your retirement is a complex process. Planning for retirement entails many non-monetary based decisions. Answering the following questions would be a good place to start: 1. What type of lifestyle do I want to live in retirement? 2. How much will this lifestyle cost per year? 3. How much do I currently have in my superannuation fund, and how much am I likely to have by retirement age? 4. Do I have more than one superannuation fund and should I consolidate them? 5. Is it worth putting more into superannuation now, but still staying under the reasonable threshold? 6. Will I have any large debts outstanding? (i.e. mortgage, car etc.) 7. Will I be helping pay off someone else’s expenses? (i.e. daughter going through University etc.) 8. Do I want to go on holidays periodically? 9. What other income sources will I have and how much will I earn from them? (ie investment property, owner of a business, shares etc.) Although it is possible to plan your retirement by yourself, we don’t recommend it. We suggest speaking to an adviser when it comes to something as important and complex as your retirement. An adviser will give you the clarity and peace of mind you need when making these critical life decisions.
You can be assured that your data is 100% safe with Advice Cyborg. We do not sell, distribute or share your data with any third-party.
It’s very simple - signing up only takes 5 minutes! If you are interested in our services, we will give you a questionnaire to understand more about you. We need to know things such as your current position, future goals and your risk tolerance – all of which will help us give you the right advice!

Become a customer today

Join the thousands of people already growing their investments with Advice Cyborg