Personal Insurance

Personal Insurance services based in Newcastle NSW

Having personal insurance can provide peace of mind and financial security in the event of unexpected events. You cannot control your future however you can ensure your family can live the life you want for them should something happen to you. Therefore, it is important to carefully consider your needs and budget when choosing the right insurance policies for you and your family.


Young Adulthood (18-30 years old)

We assess your insurance needs: we can assess your insurance income, expenses, and financial goals to determine how much Insurance you need. We can help you understand the benefits and limitations

  • Education in choosing the right Income Protection policy to suit your needs.
  • We help provide advice for all kinds of employment types; sole trader, self employed through to full-time employment
  • We provide advice in ensuring all members of your family are insured, including concerns  for your children, through child trauma cover
  • Trauma Cover if in the case of a severe incident you can be insured without a waiting period to cover your costs of medical treatment & maintain your standard of living
  • Claim support – we assist you the whole way from claim application through to receiving benefits & everything in between.


Early Career (30-45 years old)

 We help you understand the different types of insurance you may need. We help you choose the right coverage for your needs, budget and most of all who you need to protect;

  • Tailoring your cover to ensure as you move into the next phase of your life you are adequately covered
  • Look into your Child Trauma Insurances
  • Looking into increasing your Life & Total Permanent Disability (TPD) Cover to cover your debts. So if in the worst case scenario you can have peace of mind that your loved ones are looked after
  • Trauma Cover if in the case of a severe incident you can be insured without a waiting period to cover your costs of medical treatment & maintain your standard of living
  • Covering your income and ensuring that is managed to reflect your current situation & in a manner which will be funded in line with your best interest
  • Claim Support


Mid-Late Career (45-60+ years old)

We help at this stage of life by assessing & reducing your coverage levels, whilst ensuring that your essential coverage is not sacrificed;

  • Reassess your coverage levels – We review your policies to ensure that you’re only paying for the coverage which you need. We do this by assessing your debt levels, ensuring your assets aren’t over insured & that your income protection is reflective of your circumstances.
  • Shop around for lower rates, doing a like-for-like comparison to ensure that your current policy is the best value for you.
  • Bundle & Link policies – many insurance providers offer discounts if you bundle multiple policies – if you have multiple policies amongst different providers, we endeavour to find the best overall value.


Retirement (from 61 years old)

By retirement stage, most of your assets have been paid off and your income is self – funded, reducing the amount of policies you need.

  • Assess your coverage levels & cancel unnecessary insurances – we can evaluate your insurances and potentially increase your cash flow so pay for only what you need.

For more information, read our guide: Securing Your Future: Top Life Insurance Newcastle Options Explored

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Get in touch with Virtuous Wealth today to take the first step on your journey to financial freedom.