Prepared for:

Date prepared:

Prepared by your Financial Advisor:

Authorised representative number:

is an authorised representative  of Zenith Representatives Pty Ltd.

During our meetings held on the we discussed your insurance needs. In particular, you wanted me to review your current insurance and determine if this insurance met your needs and adequately covered you in the event you were to die, become disabled, suffer a traumatic event or have a long period of time off work due to illness or injury.

Using your words you said to me that you wanted insurance to:

Occupation:

Date of birth:

Marital Status:

Financial Dependants:

Gross income per annum:

Super contributions:

Current superfund balance:

This Statement of Advice covers personal insurance only.

My advice does not cover:

• Superannuation needs
• Full taxation implications such as CGT, stamp duty, transfer fees, legal costs if when policy payout occurs.
• Your general insurance needs (e.g. business, liability, public liability, professional indemnity, car and house insurance etc.)

I do not deal with general insurance (e.g. car and house insurance etc), so my advice does not deal with your general insurance needs. You will need to seek alternative general insurance advice.

Tax Issues
I am not a tax adviser and can only give you limited advice about tax. You may be entitled to a tax deduction for premiums paid on income protection insurance. I can refer you to a qualified tax adviser about this and other tax issues.

Superannuation
My Advice does not consider whether you have enough superannuation for your retirement. I can provide this advice, however this advice would be under a separate arrangement and incur additional fees.

The insurance cover amounts recommended are based on the information you proved to use via the Insurance Questionnaire called a "Fact Find" It takes into consideration your current debts, life style costs and expenses as well as some future expenses that may occur. It is essential you do not cancel any existing insurance cover until new cover is in place. I have made available a Product Disclose Statement (PDS) for each of these products. The PDS will explain the cover (EG when to make a claim).

Accidental insurance has been recommended as due to your current health and occupation you cannot get fully underwritten insurance. 

The following insurance policies are to be replaced with the recommended insurance policies.

We considered keeping your existing insurance, however the current cover does not meet your needs and objectives. Your current insurance only covers accidental death only. It does not have the option of accidental TPD or accidental income protection insurance. 

We considered other insurance providers however they were more expensive with little or no extra benefits.
We also considered fully underwritten insurance however as previously noted, you are ineligible for this insurance.

Following the advice should put you in a better position than your current position as:

This advice is in your best interest because:

Using your words you said that you needed insurance: . The insurance recommended will achieve this.

As per Section 961B of the Corporations Act 2001; we are required to act in your best interests in relation to any advice or recommendations provided. To fulfil this obligation, we work with you to identify your specific financial goals & objectives, and comprehensive details of your current personal and financial position prior to providing advice. If you have withheld any information or feel that we have misunderstood your current circumstances or goals & objectives, please notify us immediately so that any advice can be reviewed to ensure it remains appropriate and in your best interests.

Quotes are provided with this SoA and reflect standard insurance rates. There are no guarantees that you will be underwritten at standard insurance rates and policies may therefore be more expensive.

Policies that are paid for from your superfund are therefore owned by your superfund. In the event of an insurance claim, the payment will be paid to the superfund. You will therefore need to meet a condition of release before you can access these funds.

When lump sum benefits of insurance policies are paid via superannuation to non-financial dependents, tax may be payable which will reduce the actual benefits paid. The sum insured should be considered for grossing up (inflated to cover the tax payable). 

There may be tax implications involved with any insurance claim in the future. In the event of this arising, you should seek professional taxation advice from a registered tax agent.

You need to be aware that these premiums may erode your capital and have an effect on your overall retirement benefit.

Policies only cover you for accidents only. Not all events are covered under this policy. Please read the PDS carefully to understand what is covered by your policy.

will pay us a commission of 100% of the upfront premium being $$0.00 and an ongoing commission of 10% each year the policy is in place.

is an authorised representative of Zenith Representatives Pty Ltd. Zenith Representatives receives 100% of the commissions paid. It then passes on 20% to .

Are we restricted to an approved product list?
Yes. Zenith Representatives advisers can only recommend products on the approved product list. This means that we only looked at products on that list when we prepared your advice, and did not look at other products available on the market.

Are we associated with any recommended products?
No. We are not associated with any product recommended. Zenith Representatives may receive sponsorship to assist with the provision of ongoing education to our advisers, but this is in no way related to the distribution of any particular product.

Can you change your mind?
Yes. Even after you have paid for the products we have recommended, you might be able to get your money back if you are not happy (this is known as your "cooling off" rights). Generally, for insurance products and superannuation funds, you can do this within 14 days of buying the product. The PDS for each product has more information about this.

Does our advice have a time limit?
Yes. Our advice expires in 7 days from the date of this SoA. You should not rely on our advice after that time.

Is your personal information protected?
Yes. Information about you will not be given to anyone without your written permission, unless the law says we must.

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