What's new at Hunter Financial Planning
Economic Outlook
By Peter Franzen, Chairman Matrix Planning Solution
Click here to view the Economic Outlook.
Real Life Trauma at HFP
Here are some examples of what could happen to you.
April’s story
Three years into her policy, April* (27) was diagnosed with Non-Hodgkin’s Lymphoma after going to her doctor complaining of painful neck swelling. Unfortunately, April was also six months pregnant at the time of diagnosis and was unable to begin treatment until her baby was born.
April’s doctors decided to induce her pregnancy at eight months to start cancer treatment, including chemotherapy. The insurance company paid April’s trauma cover benefit of $300,000.00, which helped meet out-of-pocket medical expenses. It also assisted with childcare costs when she was unable to care for her baby due to the side effects of her condition and treatment.
*Name and other personal details changed to protect identity of client.
Angelo’s story
At the age of 51, Angelo* underwent a single-vessel angioplasty procedure on the recommendation of his cardiologist. Following his procedure, Angelo submitted a claim for a partial trauma cover benefit specific to the single-vessel angioplasty procedure, which reflected 10 per cent of his total sum insured.
However, upon reviewing his claim, the insurance company discovered that his medical records actually reflected that Angelo had also suffered a heart attack (as defined in his trauma cover policy) prior to his angioplasty procedure.
Although Angelo and his treating doctors had not specifically noted the heart attack in his claim documents, the insurance company paid Angelo his full sum insured of $277,000.00 which reflected the heart attack trauma benefit.
Even if Angelo had not suffered the heart attack, the insurance company would still have paid his partial benefit of $27,700.00, following his single-vessel angioplasty procedure.
*Name and other personal details changed to protect identity of client.
Contact us to make sure your trauma cover is accurate.
Spring 2011 - Money Matters:
Click here to read the following items covered in Money Matters - Spring 2011
Making sure you are covered
Self managed superannuation funds – What's it all about?
Insurance for both partners – luxury or necessity?
Finalists in the 2011 Hunter Business Awards
Market update
Herald articles
Paying for advice and why
There is no doubt about it; this is the new era for the advice providers. Many advisers are very uncomfortable discussing financial planning fees. So, let’s discuss fees.
Click here to read this article in full.
September – Self-manage super for greater control
With superannuation savings in Australia exceeding $1 trillion, it’s no surprise that many people are taking control and forming self managed super funds (SMSF).
Click here to read this article in full.
New staff – Jane.
Jane joined the team at Hunter Financial Planning in September 2011 as the Business Development Administrator.
Business Matters seminar
Hunter Financial Planning hosted an evening of canapés and drinks at the Madison, Charlestown on 13 September 2011. A select group of self employed clients were invited to the event and an external presenter explained in thorough detail the importance of protecting themselves and their families should the unforeseen occur. The interactive presentation hit home to those who attended and reinforced the need for business insurance. Those clients who attended are now well informed of the areas where issues arise. Hunter Financial Planning as their adviser will ensure their clients are offered the levels of cover they require to protect what they have worked so hard for.
Staff Incentive Conference
Hunter Financial Planning’s staff set their own exceptional targets for the last financial year and having achieved their exceptional results the directors, Philip T Smith and Brian Kennaugh took all their staff and their partners away for a conference. The attached photo shows them having some fun on their working weekend away.
Real Life Trauma at HFP
Here are some examples of what could happen to you.
April’s story
Three years into her policy, April* (27) was diagnosed with Non-Hodgkin’s Lymphoma after going to her doctor complaining of painful neck swelling. Unfortunately, April was also six months pregnant at the time of diagnosis and was unable to begin treatment until her baby was born.
April’s doctors decided to induce her pregnancy at eight months to start cancer treatment, including chemotherapy. The insurance company paid April’s trauma cover benefit of $300,000.00, which helped meet out-of-pocket medical expenses. It also assisted with childcare costs when she was unable to care for her baby due to the side effects of her condition and treatment.
*Name and other personal details changed to protect identity of client.
Angelo’s story
At the age of 51, Angelo* underwent a single-vessel angioplasty procedure on the recommendation of his cardiologist. Following his procedure, Angelo submitted a claim for a partial trauma cover benefit specific to the single-vessel angioplasty procedure, which reflected 10 per cent of his total sum insured.
However, upon reviewing his claim, the insurance company discovered that his medical records actually reflected that Angelo had also suffered a heart attack (as defined in his trauma cover policy) prior to his angioplasty procedure.
Although Angelo and his treating doctors had not specifically noted the heart attack in his claim documents, the insurance company paid Angelo his full sum insured of $277,000.00 which reflected the heart attack trauma benefit.
Even if Angelo had not suffered the heart attack, the insurance company would still have paid his partial benefit of $27,700.00, following his single-vessel angioplasty procedure.
*Name and other personal details changed to protect identity of client.
Contact us to make sure your trauma cover is accurate.
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