Stone and Associates

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What we do

A Stone & Associates adviser specialises in implementing protection plans for clients to cover personal risks, i.e. cover for things that can happen to YOU.

They can also assist you to locate specialists in the related fields of general insurance, mortgage broking and investment planning.

Life insurance Upon death, a lump sum payment is made to help extinguish debts and create a legacy that your family can begin to build on.

Major illness cover Major illness cover can help you cope financially with the impact of a medical trauma, such as a stroke.

Major illness insurance is paid as a lump sum and can be used to pay for changes to your lifestyle or for care required as a result of the trauma.

Major illness cover for Kids can pay out a lump sum if your child suffers from one of the insured benefits. This helps financially if you need to take time of work to care for your child.

Disability insurance (TPD) Total and Permanent Disability (TPD) pays a lump sum if you are unable to work again due to a disability. This money is often used to pay off debts, reconfigure housing arrangements and tend to medical, rehabilition or nursing costs.

Income protection Income protection insurance can replace up to 75% of your income if you are unable to work due to an illness or accident.

Health insurance Long waiting lists at public hospitals and expensive treatments can work against you as you try to regain full health. By having health insurance you may be able to receive quicker treatment and have an insurance company pay the cost.

Key Person cover A business may need to replace key staff with contractors until suitable alternative arrangements are made, and key person cover can provide the funds to do this.

Mortgage repayment cover Can provide you with cover to pay your mortgage commitments and gives you peace of mind knowing that one of your greatest assets are protected.

Redundancy cover Redundancy cover can provide you with an income for a period of time as you seek new employment opportunities.

Business expenses cover This type of insurance will give you peace of mind in the event of ill health, knowing that the financial commitments of your business are able to be met.

Financial and Investment Planning Financial planning is a comprehensive process of developing strategies to help you manage your financial affairs by creating sensible, achievable solutions to build wealth, enjoy life and achieve financial security and independence. You may have definite personal goals, such as buying a home, sending your children to good schools or retiring early, or you may be facing a variety of financial challenges. What ever stage in life, long-term wealth planning and independent financial advice can help you the tough times and prosper through the good.

Wills If you don’t have a will, you lose the power to decide what happens to your assets, and instead the law decides for you. Your loved ones could miss out on their inheritance and face a lengthy court application to appoint who takes care of your estate, all because you hadn’t put the right plans in place. Ensure the people close to you benefit according to your wishes with a will that is up to date and valid for your circumstances.

Enduring Powers of Attorney (EPAs) An Enduring Power of Attorney (EPA) is where you (the donor) give another person or trustee corporation (called the attorney) the authority to make and/or action decisions on your behalf if you are unable to do so.
If you don't have an EPA in place, managing your affairs can be extremely difficult as it is not as simple as your family or friends stepping in on your behalf. If they have not been appointed they must apply to the family court before they can act for you. This can take up to several months, incur substantial costs, and the court may appoint someone who you would not have chosen. No one knows what the future holds and an EPA means that you keep control of who manages your affairs.

Trusts Trusts are used to protect assets for individuals and their families, preserving them for the future. Assets of any form can be held by a trust, ranging from a small financial sum or single asset through to a whole collection of assets. Common reasons why people establish trusts are:

• Protection of assets against creditors or other claims
• Protection of, or providing for individuals
• Protect assets you bring into a marriage or relationship
• For charitable purposes