Personal Insurance Advice

Precision Wealth Management

Personal Insurance

Life is unpredictable, but your financial security doesn’t have to be. Personal insurance is your safety net there to catch you, support you, and in some cases, save you when life throws the unexpected your way. Whether it’s illness, injury, or untimely death, the right cover ensures you and your loved ones don’t have to face financial free fall when things go wrong.

At Precision Wealth Management, we understand that life’s risks change as you do. Starting a family? Your safety net needs to stretch wider. Earning more? There’s more at stake. Nearing retirement? You want to protect the lifestyle you’ve worked hard to build.

As part of a holistic financial plan, our independent financial planners help you build a strong, reliable safety net, so if life ever pulls the rug out from under you, you’ve got something solid to land on. We’ll guide you through the complexities of:

Life Insurance: Providing financial support to your dependents in the event of your passing. We can help you find the best life insurance in Australia.
Total and Permanent Disability (TPD) Cover: Assisting with medical and rehabilitation costs if a permanent disability occurs.
Critical Illness Cover: Offering financial relief during recovery from serious illnesses.
Income Protection Insurance: Ensuring a steady income stream if you're unable to work due to health issues.

Our approach is ethical, evidence-based, and free from conflicts of interest. And because we charge a flat fee for our advice, our only incentive is your peace of mind.

If it’s been a while since you’ve reviewed your insurance policies, or if you’ve experienced significant life changes, it’s a smart time to reassess your coverage.

Reach out to Precision Wealth Management, your local financial advisers in North Lakes and the Sunshine Coast, and let’s make sure you’re protected for whatever comes next.

Types of Personal Insurance

1. Life Insurance

Protecting Your Loved Ones' Future

Life insurance is the ultimate safety net for your family. In the event of your passing, a lump-sum payment gives your loved ones the support they need to stay on their feet, covering the mortgage, everyday living expenses, or school fees.

02. Total and Permanent Disability (TPD) Cover

Support When Life Takes an Unexpected Turn

TPD cover offers a lump-sum payment if you’re permanently unable to work due to a serious injury or illness. This financial assistance can help manage medical bills, rehabilitation costs, and daily living expenses, allowing you to focus on recovery without added financial stress.

03. Critical Illness Cover

Financial Relief During Health Challenges

Critical illness cover provides a lump-sum payment upon diagnosis of a specified serious illness, such as cancer, heart attack, or stroke.

This support can be used to cover treatment costs, rehabilitation, and everyday expenses, giving you peace of mind to concentrate on your health and recovery.

04. Income Protection Insurance

Maintaining Your Lifestyle When You're Unable to Work

If illness or injury stops you from working, income protection is the safety net that helps keep your household running. With regular payments to cover rent or mortgage, bills, and groceries, you can take time to heal without falling behind.

Expert Tip

Determining the ideal amount of personal insurance isn’t about finding a one-size-fits-all figure. It’s about providing adequate financial protection against unexpected events, without straining your finances in the meantime.

Consider factors like your current income, debts, living expenses, and future plans. What would your family need if something unexpected happened tomorrow? At Precision Wealth Management, we use practical tools to help you assess your needs based on immediate financial obligations and ongoing living costs.

Remember, personal insurance is a dynamic component of your financial plan. As life changes, your safety net needs to shift with it. Reviewing your cover regularly means you’ll stay protected without overpaying and stay on track to hit your financial aspirations with confidence.

Personal Insurance FAQs

What is personal insurance advice, and why is it important?

Personal insurance advice involves professional guidance to help you select the most suitable insurance policies such as life insurance; income protection, total and permanent disability (TPD) cover, and critical illness cover based on your individual circumstances. At Precision Wealth Management, our certified financial planners provide personalised advice to ensure you and your loved ones are financially protected against unforeseen events.

How does income protection insurance work?

Income protection insurance provides a regular income if you’re unable to work due to illness or injury. It typically covers up to 70% of your pre-tax income plus super, helping you maintain your lifestyle while you recover. Precision Wealth Management can assist in tailoring a policy that aligns with your income and financial commitments.

What does life insurance cover?

Life insurance offers a lump-sum payment to your beneficiaries upon your death. This can help cover expenses such as mortgage payments, education costs, and daily living expenses, ensuring your family’s financial stability. Our advisers can help you determine the appropriate level of coverage based on your family’s needs.

What is total and permanent disability (TPD) cover?

TPD cover provides a lump-sum payment if you become permanently disabled and are unable to work again. This can assist with medical expenses, rehabilitation, and modifications to your home or lifestyle. Our team can guide you through the options to ensure comprehensive protection.

What does critical illness cover include?

Critical illness cover pays out a lump sum if you’re diagnosed with a specified serious illness, such as cancer, heart attack, or stroke. This financial support can be used for treatment costs, recovery, or to alleviate financial stress during a difficult period. We can help you understand the specific conditions covered and select a policy that suits your needs.

How do I determine the right amount of personal insurance coverage?

The appropriate amount of coverage depends on factors like your income, debts, living expenses, and future financial goals. Our advisers at Precision Wealth Management can conduct a thorough assessment to recommend coverage levels that provide peace of mind without overextending your budget.

Can I hold multiple personal insurance policies?

Yes, it’s common to have multiple personal insurance policies to cover different aspects of financial risk. For instance, you might have life insurance, income protection, TPD cover, and critical illness cover simultaneously. Our advisers can help you coordinate these policies to ensure comprehensive coverage without unnecessary overlap.

How do I choose the best life insurance in Australia?

Selecting the best life insurance involves comparing policies based on coverage, premiums, exclusions, and the insurer’s reputation. Our team stays informed about the latest offerings and can help you navigate options to find a policy that aligns with your needs and budget.

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What Our Clients Say

I was referred to Precision Wealth Management at a very stressful time and they were very accommodating of my situation which was a great relief. Scott listened to my needs and discussed options with me and what would be most suitable. I have felt well looked after and confident in the advice Scott provided and the implementation has gone well.

Audrey

03:52 13 Mar 26

I had the pleasure of an initial consultation phone-call with scott, and after discussing my specifics ( way longer then the 15 minutes) it was established that at this point in time a Financial advisor isn’t necessary for my relatively straightforward situation.Instead of leaving it there, Scott went well out of his way to assist me in gathering the information I needed to better understand my situation for no cost ( even though I insisted on paying for his time!).Because of his expertise I now feel confident and much more informed in how to best proceed going forward, which is to see an accounting expert.I will definitely look to enquire again in the future when my situation grows complex enough to need the expertise of Scott and the team at PWM.Thanks again Scott.

Corey D

07:02 11 Feb 26

Scott has been invaluable - very grateful for the team's excellent advice and efforts.

Kathryn Jones

04:45 24 Sep 25

Scott has been very helpful for us (I’ve never seen a financial planner before). Always very responsive, and very respectful. The service was tailored and he provided a comprehensive strategic strategy that was easy to understand.

Andrew Howe

06:04 04 Sep 25

Glenn was great to work with, got our super sorted and set us up for retirement, would recommend Precision Wealth Management to anyone needing financial advice.

Ross Best

08:20 04 Aug 25

Scott has been professional providing great advice and solutions.

Sameer Khare

23:01 13 Jun 25

Amazing customer service and excellent advice! Scott was able to help organise our finances and insurances better than any other company we have spoken with. Communication was always transparent and responses were very timely. Would definitely recommend!!

Elise Ford

07:30 07 Mar 25

Very professional and will guide you thru the most effective way to manage your finances helping adjust as time goes by. We have seen a major change since engaging Precision Wealth Management. Could not recommend highly enough, took quite a while to find someone we could trust.

Tracey Trickett

08:53 19 Feb 25

I have gained both knowledge and financial security through dealing with Precision Wealth Management and thoroughly recommend this company to anyone seeking assistance with their financial affairs.

Helen Goleby

01:25 14 Feb 25

Glenn and the team are great to deal with. Very professional and knowledgeable about insurances and superannuation funds.

Michal Janalik

22:45 12 Feb 25

Glenn and the team have been helping and guiding us for the past five years, and we can not thank him enough. The level of professionalism and service is second to none, with a clear explanation of all options and detailed information to support decision making.Glenn explains things in a very relaxed and conversational manner, making it easy to digest and understand.

Paul White

21:32 12 Feb 25

Glenn and his team at Precision Wealth have been our financial advisers for the past fifteen or so years.During this time Glenn has given us expert advise with their know how through financil gain over this period.We are now entering an early retirement being dept free and continue building our wealth with the ongoing guidance they offer accross the board.I would not hesitate in recomendingGlenn and the staff at Precision Wealth to anyone who wants financial freedom in the future.Opening up their office in the sunshine coast is a credit and tribute from all their hard work in a relatively short period since starting Precision Wealth and am sure clientel will build considerably in this area.Thanks.Brett and Carole.

Brett Martin

21:25 12 Feb 25

Whilst Christine and myself have been discussing our retirement future with Glenn and his staff members at Precision Wealth Management at North Lakes for quite a few years now. All during our business discussion with them, we have found them to be very helpful and a pleasure to talk to. Over that period of time we have build a wonderful friendship with Glenn and his staff, which is something very rare these days. I would recommend Glenn and his staff to anybody who requires any financial advice as they are very honest and helpful.I would like to wish Glenn and his staff all the best for their new adventure.RegardsAdrian and Christine Pearce

Adrian

10:58 12 Feb 25

I wanted someone who could help obtain the best outcome for me with my Superannuation and transition to retirement. My work super fund was too big, I was just a number! Glenn and his small team are excellent, professional, knowledgeable, local, honest and know their stuff. Big thanks to Glenn and his team, as I'm now financially stable and living the life in retirement.

Marelle Best

08:15 12 Feb 25

Always insightful and professional service.

Jim Snee

06:54 12 Feb 25

A good financial advisor firm which is highly recommended and they really know about and give good financial advice.

Paul Church

06:10 12 Feb 25

Scott and Glen are very knowledgeable and helpful with individualised advice. Would definitely recommend!

Nicole Dean

04:29 10 Feb 25

Being in a very vulnerable situation, I had to get a person who I could truly trust and other than having a conversation with PWM and some reviews I didn’t really know for sure who to go to or trust. Out of other companies I was looking at I chose this company because things are clearly set and laid out on their website which allowed me to investigate in my own time if I wanted to choose them. Comparison to other companies their website allowed me to think about my choices in my own time and then in the initial consult I could ask some questions to see if the answers lived up to the standards that I read about. After nearly one year of service, I’m so glad I trusted my gut and judgement on my research and what I saw and discussed in the first initial consult. A msg to pwm: I thought about the decision and researched the company and the people in it a long time before I made the consult. Apart from finances, I probably know a lot more about you than you do me! The internet is unreal! However, very important for people like me who need a lot of detail to make a decision like this. In all my stress or all the confusion I’ve had in my situation, I was never made to feel like I’m an inconvenience or I’m stupid because I didn’t understand something. I’m about to sign for another year of service. Scott is my financial planner and I know I'm paying for a service, however I’m still so grateful for treating me with dignity and promptness in my scenario.

MM Belle

08:18 23 Jan 25

Scott and Glenn really know their stuff inside out. I am so blessed to of found them, they help me with a lot of things and I can see an improvement in a short amount of time. Thank you to both of you.

Genevieve Lee

06:35 25 Sep 24

We were very happy with Scott from Precision Wealth. He guided & helped us set up for our transition to retirement. We would highly recommend Precision Wealth Management.Thank you Scott for your patience and professionalism.

Sally Patrikis

23:46 02 Aug 24

Fantastic help

Greg Lee

03:32 17 Apr 24

We have had a great experience so far with Precision Wealth Management. Glenn and Scott are hard working, personable and they really know their stuff and take the time to understand their client's goals. Any issues or questions have been handled with care and professionalism. When we were looking for a financial planner we really wanted to work with a local firm rather than a big company and Precision Wealth Management definitely fits the profile.

Dan J

08:41 10 Apr 24

We were referred by a friend to Precision Wealth Management. We were very impressed after our first meeting with Glen and Scott. We have now signed up and are already seeing the financial benefit's of having Precision Wealth managing our finances and my husbands recent retirement. We would highly recommend this company for their professionalism and communication to anyone looking for advice on managing your financial future.

Louise Hockey

02:34 31 Oct 23

Glen and his team are very professional

Mark Beeston

01:33 25 Oct 23

We tried another financial advisor and felt we would be doing most of the work, and we were going to be ripped off, especially that the fees and the process were not clear.Glenn on the other hand was very clear about the fees and the process and made our life so much easier with our parents’ pension application, even though it wasn’t a straightforward one. He did most of the work and handled the whole process very smoothly and with excellent outcome. Glenn and his team at Precision Wealth Management are excellent, and i would highly recommend them, Thanks heaps!

Ayah Rasheed

21:26 31 Jul 23

Precision Wealth Management deserves a massive mount of praise for the service, help and advice they gave me in dealing with managing my disability payout. They saved me a substantial amount of money and developed a long term safe financial plan for me.Dealing with my super fund was handled professionally by the team at Precision. I never had any problems getting progress updates. Even though Precision are interstate from my location, the communication was of such great quality it seemed like they were right next door.Glenn, Carly, Nicole and the whole Precision Wealth team are professional, experienced and explain things in way that you can understand. They managed the whole process for me without a hitch. I highly recommend them in regards to any financial help. I cannot thank them enough for the guidance I was given. Thanks Precision!

03:34 13 Oct 22

Glenn has been our bedrock with the complex financial issues that surrounded our disability insurance, consolidation and planning of superannuation and other significant areas which we had yet to give thought to. He is extremely professional yet warm, and insists on treating you as his only client. His fees are very good considering he is so flexible, and only takes the minimum time to allay fears and use his connections to ameliorate problems. The best advisor we've ever engaged!

MSB MVB

03:22 15 Feb 22

Glenn is always more than happy to help. After feeling ripped off by other financial advisors in the past, Glenn has earned our trust by being honest about expectations and completely transparent about any fees involved.

Katie Richardson

06:12 05 Jul 21

Thanks to Glen for providing such great, trusted help for me to plan my retirement. Glen provides a very clear vision of potential outcomes and had some great ideas about how I could optimize my assets to provide me with a comfortable retirement. Thanks Glen!

Jennifer Padman

02:15 14 Apr 21

I am very pleased with the service Glen provided. His knowledge and experience were appreciated. Glen went the extra mile to insure my happiness. His attention to detail, is unmatched, and I feel that he is an overall good person. I would recommend him to anyone looking for financial adviceRobert Preister

Robert Preister

01:53 06 Jul 20

Glen is amazing at what he does. The advise and direction he has offered towards me and my family have given us reassurance that our personal insurance is done correctly. Our superannuation is going in the right direction and we have a plan for our retirement.Thank you so much Glen

Cameron Sleep

11:06 23 Jun 20

Precision Wealth Management was recommended to me and I am only too glad to do the same to others. Glenn Hilber guided (in easy terminology) both my husband and myself (seniors) so we could achieve all our later life goals. His response time is flawless and makes you feel as if you are important and you do matter.

Susan Plumeier

01:34 11 Jun 20

Precision wealth have gone above and beyond our expectations to ensure we have the best possible investment strategy and support to implement the plan to secure our future.

Raija Taylor

21:07 10 Jun 20

Honest, helpful, knowledgeable and easy to deal with!

Terry Hogan

10:11 10 Jun 20

If you are looking for honesty, professionalism, expertise and down to earth financial assistance then I certainly recommend Glenn Hilber from Precision Wealth Management.Glenn takes away the stress of understanding financial options.In several years of knowing Glenn, he has been outstanding, always ahead of timelines which is a weight off my shoulders.

Redcliffe Garden Centre

08:19 10 Jun 20

Glenn (owner PWM) looks after me - keeps in touch and keeps me well informed. I would highly recommend his services.

trev lum

06:04 10 Jun 20

Big thank you to Glenn for helping sort out my superannuation. Without your persistence, I'd still be stuck in limbo. It's been a relief to have it all sorted out so professionally

Genni Gregory

04:56 10 Jun 20

Totally honest advice. Helpful & goes beyond to provide a service that matched my needs

Ken Smith

04:44 10 Jun 20

Glenn is fabulous. Professional clear and concise. Make things easy to understand regarding finances, income protection, super etc. Highly recommend.

Katie Maclean

03:33 10 Jun 20

PWM has handled my Insurances and Super management for the last couple of years. Trouble free service by Glenn and his team.

vanbox66

02:16 10 Jun 20

I have known Glenn for quite a while now and I run a finance Broking business located called Dream Financing. I have many clients using Precision Wealth Management's services and they are all very happy. I would no hesitation in using Glenn or referring him to friends or clients. He is honest, ethical, knowledgeable and is not a salesman pushing products you do not need. If you have not have a financial health check recently then it is time you need to see Glenn!

Brenton Pavey

00:35 19 Jun 19

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