The Situation: When Life Takes an Unexpected Turn
A successful medical professional in her 50s had built a strong career and held insurance through her super.
Then everything changed.
A stroke left her unable to work—and during this time, she cancelled her income protection policy due to financial pressure, not realising she may have been eligible to claim.
For two years, she relied on limited government support while navigating recovery.
🔍 The Missed Opportunity Most People Don’t See
Like many people, she had insurance—but:
It wasn’t fully understood
It wasn’t actively reviewed
And key opportunities were missed
This is one of the biggest risks with personal insurance:
👉 Not knowing what you’re entitled to when it matters most
🛠️ Where Specialist Advice Made the Difference
When Strategem Financial Services stepped in, their insurance specialists worked alongside tax and wealth experts to reassess her situation.
They were able to:
Restructure her claim to significantly reduce tax
Reinstate her cancelled income protection policy
Ensure her benefits were structured to protect her broader financial situation
This wasn’t about changing the policy—it was about unlocking its full value.
💰 The Outcome: Millions Recovered
The results were life-changing:
Over $500,000 in back pay
Ongoing income support of over $200,000 per year
Significant tax savings now and into the future
Total financial benefit estimated at $3 million+ over 15 years
⚖️ What This Means for You
This story highlights a powerful truth:
👉 Personal insurance isn’t just about having cover—it’s about:
Understanding it
Structuring it correctly
And having expert guidance when you need it most
Because without the right advice, this client could have:
Missed out on millions
Paid unnecessary tax
And faced long-term financial hardship
🛡️ The Real Value of Personal Insurance
You insure your home.
You insure your car.
But your ability to earn an income is often your most valuable asset.
And protecting it properly requires more than just a policy—it requires strategy.
📞 Final Thought
The difference between having insurance and maximising it can be life-changing.
If you haven’t reviewed your cover recently, now is the time.
Because when life changes—
you want to know your insurance will truly show up for you.
We are here to help
If you need further advice, please do not hesitate to contact our office on (03) 5445 4777 and one of our Accountants & Advisors are available to support you.
Contact Us
If you have any concerns or general questions, or would like to learn more about superannuation and tax planning, book a chat today.
