Personal Insurance

Taking Out Personal Insurance on the Mornington Peninsula

Financial Protection Solutions

For many of our clients, family is the most important thing. That's why we recommend a range of personal insurance solutions to help protect your family financially if something happens to you. Whether you're looking for life insurance, income protection or total and permanent disability cover, personal insurance should be a key consideration in your financial plan. Based in Mornington, our advisors work with clients in Melbourne, Gippsland, Frankston, Rosebud and throughout the Mornington Peninsula. 

If you were unable to work, how long could you keep up with living expenses, debt repayments or your usual savings regime? Particularly if you have a mortgage or other liabilities, your financial position could be quickly jeopardised in the event of sudden illness or injury. Personal insurance is one strategy to manage risks and make sure you and your family stay financially secure. 


We offer comprehensive consultations to help you find the right personal insurance solution. Call Freedom Wealth Solutions today to make an enquiry.

Types of Personal Insurance

There are many different types of personal insurance available, and your cover requirements will likely change over time. Our advisors at Freedom Wealth Solutions can explain each insurance type in detail and recommend an option to suit your situation. The most common forms of personal insurance are:


  • Life insurance: In the event of your death or a terminal illness diagnosis, life insurance pays out a lump sum
  • Income protection insurance: If you're unable to work due to an injury or illness, income protection replaces a portion of your income
  • Trauma insurance: If you're diagnosed with a specified serious illness, such as cancer or a heart attack, trauma insurance pays out a lump sum
  • Total & permanent disability (TPD): If you're permanently disabled & unable to work, TPD offers a lump sum



If you need to make a claim, these insurance payments may help cover the costs of your mortgage, debts, medical treatments and other living costs. It could even help your loved ones to rebuild their lives after a tragedy. To find out more, please don’t hesitate to call.

Our Goal is Your Financial Freedom

Our Goal is Your Financial Freedom

Frequently Asked Questions

  • How much personal insurance do I need?

    The amount of personal insurance you need will depend on your individual circumstances. You should consider factors like your age, health, lifestyle, debts and dependent children when determining how much cover you need.

  • What are the different types of personal insurance?

    There are many different types of personal insurance, but the most common are life insurance, income protection insurance, trauma insurance and total and permanent disability (TPD) insurance. Each policy has different features and benefits, so it's important to compare policies before you buy.

  • What are the benefits of personal insurance?

    Personal insurance can give you and your loved ones peace of mind knowing that you're financially protected if something happens to you. It can help cover the costs of treatment and other expenses, as well as replace a portion of your income if you're unable to work.

  • What are the drawbacks of personal insurance?

    One of the main drawbacks of personal insurance is that it can be expensive. The cost of your premiums will depend on factors like your age, health and the type of cover you choose. Personal insurance also has exclusions and waiting periods that you need to be aware of before you buy a policy.

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Our Goal is Your Financial Freedom

Life Insurance Cover

Most people know that life insurance is important, but few understand how it works or why they need it. At Freedom Wealth Solutions, we can help you to understand your life insurance needs and find the right policy for you.


Life insurance is a way to financially protect your loved ones in the event of your death. The death benefit from a life insurance policy can be used to help your family with expenses like funeral costs, outstanding debts or everyday living expenses. If you’d like to discuss personal insurance policies with our team, or ask about estate planning, please don’t hesitate to call.

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