Why Verdure Financial Planning Solutions?
Verdure Financial Planning Solutions is a boutique financial planning practice with offices in Sydney and Melbourne and with clients all over Australia. Our planners have over 15 years of experience in financial planning and can help with all aspects of your insurance needs.
Our specialty is key person and business partnership insurances. In order to insure your business for the right amount of cover, we will make a detailed insurance needs analysis and source the best product available on the market from Australia’s leading life insurance companies at the most competitive price. All products we recommend have up to date definitions for conditions and we review these products personally before we recommend them to a client.
As you may be aware, Australians are generally under-insured. The same is true for Australian businesses. We would like to help solve Australia’s under-insurance problem by insuring you for the correct amount of cover needed – no more, no less. Verdure Financial Planning Solutions have devised specific methodologies to ascertain the right amount of insurance cover needed for the life of an executive – or any key-person.
As an example, we may recommend $600,000 of Life, Total and Permanent Disability and Trauma Insurance to cover your Key Person needs, owned by “Your Business”. At claim, the payout ensures that the business is able to continue running profitably for 12 months using the following equation:
$200,000 would cover the cost of wages for one year for a replacement employee,
$200,000 would cover any associated expenses to the business such as training, lost productivity, recruitment costs, non-billable time, etc.
$200,000 would cover the loss of profit that comes with losing the key employee
During this 12 month period, the business decision makers will have an opportunity to decide what to do with the business. For example, they may decide to sell after 12 months or retain it, without a negative cash flow impact.
Due to our personal and holistic approach, we are able to identify key persons as well as any discrepancies in existing policies. With over 15 years of experience, Katriel Warlow-Shill and the team at Verdure Financial Planning Solutions are the thought leaders and engineers of appropriate key-person insurance cover which enables your business to recover before it has even stumbled.
Why wait? Arrange a free meeting with one of our experts today!