Insurance Advice Brisbane

Massey Financial Advice

At Massey Financial Advice, we work with Brisbane individuals and families to help them understand their insurance options and make informed decisions. Our advice is personalised, practical, and built around your broader financial goals, not around product sales.

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Understanding Personal Insurance and Its Importance

Personal insurance is one of the most practical and powerful ways to safeguard your financial future. It’s not just for high-income earners or business owners. It’s for anyone who wants to protect their family, their income, and their lifestyle from life’s unexpected events. Personal insurance provides a financial safety net when life doesn’t go to plan. Whether it’s an injury that stops you from working, a medical diagnosis that turns everything upside down, or the unexpected loss of a loved one, having the right insurance can ease the financial burden and provide peace of mind. Unfortunately, many Australians are underinsured, and often unaware of what cover they already hold, especially through superannuation. Others may have policies that no longer suit their stage of life. That’s why regular, professional advice matters.

Types of Personal Insurance Explained

Here are the four key types of personal insurance, explained simply:

Life Insurance: Provides a lump sum to your beneficiaries if you pass away. It can help your family pay off debts, cover living expenses, or secure future goals like education.

Total and Permanent Disability (TPD) Insurance: Pays a lump sum if you become permanently disabled and are unable to return to work. This can help with medical costs, rehabilitation, or long-term lifestyle adjustments.

Trauma Insurance: Also known as critical illness cover, this pays a lump sum if you’re diagnosed with a specified serious illness, such as cancer, heart attack, or stroke, allowing you to focus on recovery, not finances. Usually, you will recover from a trauma event and be able to return to work.

Income Protection Insurance: Replaces a portion of your regular income if you’re unable to work due to illness or injury for an extended period. This can help cover day-to-day expenses while you recover.

Each type of cover serves a different purpose. The right combination will depend on your needs, goals, and budget.

Tailoring Insurance to Your Life Stage

Your insurance needs change as your life evolves. Here’s how we tailor strategies based on where you are today:

Young Adults At this stage, premiums are lower and responsibilities are lighter, but income protection can be valuable, especially if your ability to earn is your biggest asset.
Families: With a mortgage, children, and future expenses to think about, protecting your income and providing for your dependents becomes critical.
Pre-Retirees As you approach retirement, it’s time to reassess your cover. You may be reducing debt, shifting focus to estate planning, or managing self-managed superannuation funds (SMSFs).
Pre-RetireesYou may no longer need income protection, but it’s important to review legacy planning and make sure any existing cover still makes sense for your situation.

We help you navigate these transitions with thoughtful, informed recommendations.

The Role of Massey Financial Advice in Your Insurance Planning

At Massey Financial Advice, we see insurance as part of the bigger picture – your whole financial strategy. Here’s how we help:

Review your current policies and highlight any gaps, overlaps, or outdated cover

Clarify what insurance you already have (especially through super)

Recommend the right type and level of cover for your situation and goals

Coordinate insurance with your investment, retirement, and estate planning

Update your strategy as your life changes

Our advice is always clear, client-first, and based on your specific needs.

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Get Your 10 Years to Retirement Guide

The above chart shows the financial position for John and Sue and when they are likely to run out of money. They are currently aged 43 and 41 respectively, plan to work until age 63, and according to Australian averages they can expect to live until 82 and 86. The blue shaded area to the left of the peak shows how they are building assets while they are working. The icons and rising expenditure line show various expenses during this time which include…

Overseas holidays every 3 years
Replacement car every 5 years
Private high school fees for 3 children from John’s age 49
Purchasing a boat at age 50
Home renovations at age 55

The spot where the blue net assets line meets the horizontal axis indicates when John and Sue will run out of money (around age 78). This gives them the opportunity to adjust their planning to achieve a different outcome. For example they could…

Reduce their expenditure by changing or postponing some goals
Become more disciplined with their spending (now and in the future)
Modify their savings levels
Adjust their investment risk

With this information, John and Sue can make decisions that help them prepare for retirement, balanced with current spending and life experiences. Imagine having this financial modelling for your income, expenditure, and assets. Like John and Sue, it would help you to see how your current decisions will affect your future finances (and potential lifestyle). This is just part of the process we use to help you plan for your future, adjust for changing circumstances, and stay on track to getting the outcomes you want. And it’s a key part of our ongoing service at our goal progress meetings. Note: This case study is illustrative only and is not an estimate of the investment returns you will receive or fees and costs you will incur

Common Questions About Personal Insurance

Do I still need insurance if I have some through superannuation?

Possibly, but it depends on your circumstances. Insurance through super can be limited in cover or may not suit your specific needs. We help assess the policy definitions and whether it’s enough.

How much cover is enough for my situation?

That depends on your income, debts, dependents, and future goals. We can model different scenarios and guide you toward a suitable level of protection.

What’s the difference between trauma and income protection insurance?

Trauma pays a lump sum if you’re diagnosed with a specific illness. Income protection replaces part of your income if you’re unable to work due to illness or injury.

Can my insurance premiums change over time?

Yes. Some policies have stepped premiums that increase with age, while others offer level premiums. We’ll explain the pros and cons.

Can I adjust my cover later?

Absolutely. As life evolves, so should your cover. We help you review and adjust your insurance as needed.

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About Adam Massey

Adam Massey, founder of Massey Financial Advice, is a Certified Financial Planner® with a Bachelor of Business and a Diploma of Financial Planning. He is married to Bron, they have 3 children and Adam has lived in Sydney, Adelaide, Canberra, Port Douglas, London and now Brisbane. He was an active committee member of The Mater Foundation and volunteers at the school tuckshop. In other words, he has more than textbook knowledge – he has the formal training and life experience to help you get the financial outcomes you want – to build wealth for retirement without sacrificing your current lifestyle.

… He has 3 children and has lived in Sydney, Adelaide, Canberra, Port Douglas, London and now Brisbane which has been home for more than 20 years. …

Adam Massey – Certified Financial Planner

member of the Financial Advice Association

Graduate

Australian Institute of Company Directors

MoneySmart – Financial Advisers Register

Why Choose Massey Financial Advice for Your Insurance Needs

Certified Financial Planner® with more than 20 years of experience
Trusted by Brisbane families for tailored, long-term support
Clear, no-jargon advice that puts your interests first
Advice integrated with your broader financial strategy, not product sales
Genuine, client-first focus with a transparent approach

We’re here to guide you, not sell to you.

Claim your FREE 25 minute call with an experienced Financial Adviser

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What Others Are Saying…

Here is a small sample of what other people say about their experience dealing with Adam.

Gave us a deeper understanding of what we could achieve…

We have known Adam for many years and have always found Adam to be utterly professional in everything he does. Working with him to better understand what our true financial position was refreshing because of the approach Adam took to understand our future needs. The way Adam approach the goals discussion, discovering some goals we didn’t know each other had, and also documenting those goals gave us a deeper understand of what we could achieve. More importantly, it showed the value of having a strong and trusted relationship with a financial adviser can bring. Nick Kwiatkowski, Canberra

Tailored a solution that took everything into account…

When my partner and I first started considering seeking financial advice to secure our family’s future we did not know where to start. After several meetings with Adam, he took our situation, our goals and our plans and developed a tailored solution that took everything into account and has given us peace of mind that our family’s future is financially secure. Adam, whilst maintaining complete professionalism, was easy to deal with and took the time to ensure both my partner and I understood every detail of our plan. I have no hesitation in recommending Adam and his services as a financial adviser. Bennett Foster, Brisbane

Served as a good sounding board…

Having known and worked with Adam for over 5 years, I have always found him to be approachable and knowledgeable. He really does like to help where he can add value and served as a good sounding board for various issues and processes. I have always found Adam to be honest and genuine. Leonard Gennusa, Sydney

Adam’s advice has positively impacted our financial future …

We recently engaged Adam to review our current financial position and also to help us plan for the best possible retirement. We were also curious to understand the optimum timeline for us to retire.

The time that we spent with Adam was well invested, and educational. Lessons learned along the way,

We didn’t know what we didn’t know
Adam’s advice has positively impacted our financial future in ways we wouldn’t have thought possible
Adam has literally paid for himself with his clever strategies – multiple times over
We would have been better off overall if we had engaged Adam sooner

Adam is responsive & professional. We wouldn’t hesitate to recommend him.

Paul & Nada, The Gap

How to Explore Working Together

Would you like to know exactly how much money you’ll have when you retire based on your current plan? Would you like to know how to fast-track this plan so you can retire earlier and with more money? Would you like to know how an upcoming decision will affect this plan?