Summary of my insurance recommendations 3
About you—Brad and Zara 4
What you want 6
My advice 8
Overview of recommended products 13
Consequences of my advice 14
Why my advice is in your best interests and appropriate 18
What you should know about my advice 23
How to follow my advice 25
My commissions 26
Authority to proceed 27
What this document is about
- Total commissions
| Detail | Planforit | Me | Total |
| First year | $278 | $2,506 | $2,784 |
| Following years | $109 per year | $979 per year | $1,088 per year |
This table outlines all the payments Planforit and I will receive through commissions paid from your premiums if you follow the advice set out in this Statement of Advice. See page 33 for further details.
I do not charge you a fee for my advice in this Statement of Advice.
Table of contents
Summary of my insurance recommendations 3
About you—Brad and Zara 4
What you want 6
My advice 8
Overview of recommended products 13
Consequences of my advice 14
Why my advice is in your best interests and appropriate 18
What you should know about my advice 23
How to follow my advice 25
My commissions 26
Authority to proceed 27
What this document is about
This document records my financial advice to you, Brad and Zara.
It is called a Statement of Advice (SOA), which I am required to provide to you under the Corporations Act 2001.
This advice does not cover all aspects of your financial situation. This advice is about your personal insurance needs and includes a review of your existing arrangements and recommendations for changes.
I am required by law to act in your best interests when providing you with financial advice.
Attachments
Attached are three brochures explaining my recommended insurance policies for you:
- OZ Insurance PDS Number 5 dated 22 March 2014
- MNO Insurance PDS Number 4 dated 15 October 2013
- Mantra Insurance PDS Number 4 dated 1 July 2014
Each PDS is about a specific financial product. They disclose information about the financial products that I am recommending to you.
Also attached is educational material containing factual information about life insurance. To find out more about life insurance, visit ASIC’s MoneySmart website: www.moneysmart.gov.au
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