Protection
Personal Insurance and Risk Protection
Personal insurance is an important part of managing financial risk. Appropriate cover can help support your financial position and the people who depend on you if your circumstances change unexpectedly.
We provide advice across areas such as income protection, life, trauma, and disability cover, ensuring your insurance arrangements remain suitable to your needs over time.
- Protect your income if you can’t work
- Reduce financial strain during illness
- Provide security for your family
Protecting Your Financial Future Isn’t Optional
- Unsure which insurance cover you really need
- Confused by policy terms and exclusions
- Worried about income loss due to illness or injury
- Concerned about protecting family and lifestyle
At Greybox Wealth, we provide considered personal insurance advice to help ensure relevant cover is in place for your circumstances and financial situation.
Our Approach
Our Approach to Personal Insurance Advice
We assess your financial position, including existing debts, dependants, and the level of income or lifestyle support that may be required if something unexpected occurs.
We also consider matters such as ownership structure, cash flow capacity, taxation, and personal circumstances when determining the appropriate type and level of cover.
Personalised Protection Planning
Advice tailored to your circumstances, helping ensure suitable structures are in place to protect your financial position.
Risk Assessment & Gap Analysis
Reviewing your current position to identify potential risks and any gaps in your existing level of protection.
Cost-Conscious Planning
Recommendations are made with consideration to cost, ensuring any strategies remain relevant and sustainable within your overall circumstances
Family Protection and Estate Considerations
Putting appropriate structures in place to support your family and ensure broader estate planning matters are taken into account.
Policy Comparison & Advice
Reviewing available options and providing guidance to ensure any recommended cover is aligned for your circumstances.
Fees and Remuneration
Clear explanation of how advice and any ongoing services are paid for, including any commissions associated with insurance products.
What We Offer
Our Insurance Protection Services
Income Protection Insurance Advice
Strategic investment planning designed to build a secure retirement corpus and generate sustainable income for your future lifestyle.
Life Insurance Planning
Total & Permanent Disability (TPD) Cover
Trauma / Critical Illness Insurance
Strategies designed to minimise tax liabilities while maximising your retirement income and cash flow.
Business & Key Person Protection
Comprehensive strategies to safeguard your assets and secure your financial future against unexpected risks.
Ongoing Policy Reviews
Careful planning to ensure your assets are distributed according to your wishes while protecting your family’s financial future.
Our Proven Protection Advice Process
01
Initial Consultation
We assess your current financial position, existing cover, and personal circumstances to understand your priorities and level of risk exposure.
02
Scope & Quote
We outline the scope of advice and associated costs, including how any insurance recommendations may be implemented.
03
Strategy Development
We develop a considered protection strategy, identifying the right types and levels of cover based on your needs and circumstances.
04
Advice Presentation
We present our recommendations, clearly explaining the cover options, key features, costs, and any associated risks or limitations.
05
Implementation & Ongoing Support
We assist with implementing the recommended cover and provide ongoing support, including reviews to ensure your arrangements remain appropriate over time.
Why Choose Greybox Wealth
- Personalised advice approach
- Regionally based in Bendigo
- Self-licensed / owner operators
- Access to Leading Australian Insurers
- Clear, unbiased policy comparisons
- Ongoing support as life changes
Meet Your Insurance Protection Adviser
Phillip Monaghan
Phillip’s extensive experience in the financial services industry covers 20 + years across various advising and management roles.
Phillip has spent the majority of his advising career working with clients transitioning into retirement and utilising superannuation and Centrelink to maximise his clients retirement outcomes.
Outside of work, Phil can be found at home looking after his horses and spending time with his wife and two daughters.
Marty Southcombe
Marty has worked in the financial services industry for the past 10 years, starting with the Commonwealth Bank and moving into various other roles within the superannuation industry and the private sector.
Marty has had broad exposure to the financial advice industry. From providing advice on protection needs, to helping clients transition to retirement, and managing wealth portfolios on an ongoing basis.
Marty enjoys spending time with his young family or down at his local – The Golden Square Hotel.
SUCCESS STORIES
How We’ve Helped Clients Protect Their Future
Wealth Protection
Young professional with a young family
Before
A young man family with two children, reliant on a single income, with limited protection in place if that income was disrupted.
Strategy
Recommended income protection and personal cover to help maintain financial stability in the event of illness or injury.
Result
Put in place a clear level of protection, providing confidence that the family’s day-to-day needs would be supported if the unexpected occurred.
Wealth Protection
Business owner
Before
A business owner with significant personal and business debt, supporting a large family and working alongside a business partner, with uncertainty around what would happen if something went wrong.
Strategy
Structured a comprehensive insurance plan, including personal cover and key person considerations, to address both family and business obligations.
Result
Put in place a clear level of protection, providing reassurance that their family, business, and financial obligations would be supported if something were to happen.
Insurance Review
Insurance review
Before
A couple in their 50s with existing cover in place, but unsure whether it remained appropriate as their children became independent and their financial position evolved.
Strategy
Reviewed existing policies and adjusted cover levels to better reflect their current needs, priorities, and stage of life.
Result
Gave clarity and peace of mind that their cover reflects their current stage of life, without carrying unnecessary cost or complexity.
TESTIMONIALS
What Clients Say About Our Protection Advice
Essential Insurance Protection Tips
- Protect your income before investing
- Review cover as life changes
- Understand waiting & benefit periods
- Avoid underinsurance
- Get advice before policy changes
What We Offer
Our Related Financial Services
Wealth Management
A structured approach to managing your investments, aligned to your goals, timeframe, and overall financial position.
Retirement Planning
Bringing together your superannuation, investments, and income strategies to support a clear and sustainable retirement plan.
Superannuation Advice
Guidance on contributions, investment options, and fund structure to ensure your superannuation remains suitable over time.
Centrelink Financial Advice
Helping you understand your entitlements and how Centrelink integrates with your broader financial position.
Aged Care Financial Planning
Guidance on aged care costs, accommodation options, and financial considerations to ensure your arrangements remain aligned over time.
Insurance Protection FAQs
What types of insurance protection do I need?
The types of insurance protection considered will generally depend on your financial commitments, dependants, employment situation and overall wealth position. Common forms of personal protection can include life insurance, total and permanent disability (TPD) cover, trauma insurance and income protection.
The appropriate mix and level of cover may vary based on factors such as debts, lifestyle expenses, business ownership, and the financial impact of being unable to work. Insurance planning is typically tailored to align with broader financial and retirement objectives.
Is income protection insurance worth it?
Income protection is designed to provide a replacement income if you are medically unable to work due to illness or injury. Whether it is appropriate can depend on factors such as your employment type, financial commitments, available savings and reliance on your income.
For individuals with ongoing expenses or dependants, protecting income may form part of a broader risk management strategy. The suitability and level of cover will generally vary based on personal circumstances and financial objectives.
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Can insurance cover be structured to suit my budget?
Insurance cover can often be tailored to align with your cash flow position and financial priorities. This may involve adjusting benefit amounts, waiting periods, policy features or ownership structures to balance affordability with appropriate levels of protection.
A structured review can help ensure premiums remain manageable while maintaining cover that reflects your current stage of life and financial commitments.
How often should insurance be reviewed?
Insurance arrangements are often reviewed periodically to ensure cover remains aligned with changing circumstances. Major life events such as marriage, having children, taking on new debt, changing employment or approaching retirement may prompt a reassessment.
Regular reviews can help ensure benefit levels, policy features and premium structures continue to reflect current needs and financial objectives.
Can insurance be held inside superannuation?
Some types of personal insurance, such as life and total and permanent disability (TPD) cover, may be held within a superannuation fund. In certain situations, this can assist with cash flow management, as premiums are funded from super rather than personal income.
However, ownership structure, tax treatment and access to benefits can differ depending on how cover is arranged. The suitability of holding insurance inside super will generally depend on individual financial circumstances and broader planning objectives.
Our Blogs
Superannuation Advice: What You Need to Know in 2026
For many people, superannuation is still something that gets pushed to the side until retirement is “closer.” But in 2026, super has become one of the most important financial planning
Turning 60: How a TTR Strategy Can Help Boost Super and Reduce Tax
Turning 60 represents more than just another birthday — it can open the door to valuable superannuation planning opportunities that simply weren’t available before. One strategy that is becoming increasingly
Retiring With a Mortgage: Is Being Debt-Free Still Realistic?
A recent article published by the Sydney Morning Herald explored something we’re seeing more often in real life conversations with clients across regional Victoria: More Australians are reaching retirement age
Protect Your Income, Family, and Future Today
Establish an appropriate level of protection, with advice aligned to your circumstances and financial position.