Personal & Business Financial Planning

The experienced advisers, and supporting staff, at Financial Lifestyle Solutions SA are equipped with the latest tools and knowledge, to assist you in understanding your financial needs and objectives.

Our aim is to provide you, the client, with a personalised and flexible solution to your short and long term financial requirements; and at Financial Lifestyle Solutions SA, we are committed to making your experience simple, comfortable, accessible and transparent.

Whether you are a young investor getting started; planning your family, preparing to retire, or wanting to make the most out of your Golden Years, the team at Financial Lifestyle Solutions SA are here to support you.


Personal Insurance

For most, personal insurance is essential to ensure you and/or your family have the necessary financial resources available in the event of an unfortunate medical circumstance such as illness, disability or death.

Life Insurance Cover

Life Cover provides a lump sum benefit payable upon your death.  You can place the cover under super or have a standalone policy.

When the benefit becomes payable, it is normally paid tax free to your dependents or your estate.  This lump sum could be used to pay back debts and/or provide a lump sum that can be drawn upon to create income, and so help your family maintain their current lifestyle.

Total and Permanent Disability

This benefit is a lump sum paid if you become Totally and Permanently Disabled.  If held outside of superannuation the benefit is tax free, if held within super tax will be paid in most situations.

Trauma or Critical Illness Cover

A trauma payment is likely to be paid should you suffer any of the covered conditions.  This could include, but is not limited to: heart attack, stroke, cancer, paraplegia, multiple sclerosis, Parkinson’s disease, chronic liver, lung and kidney disease and many more.

It provides a tax free lump sum that can be used for debt reduction and to cover costs related to making lifestyle adjustments, home and/or car modifications, medical treatment costs, work alterations and peace of mind etc.

Child Cover

Child Cover will provide your family with a tax free lump sum if one of your children suffers with a predefined serious illness. These funds can be used to pay for medical expenses or to enable you to seek the best medical advice whether interstate or overseas.

It can provide you with the ability to reduce your hours at work or cease work completely for a period of time so you can spend time with your family during a very difficult time.

Income Protection

Income Protection provides you with cover 24 hours a day 7 days a week, whether you are at work, at home or on holidays.  Covers up to 75% of your gross income including superannuation if you are unable to work due to an accident, illness or injury and if you are either totally or partially disabled.

The benefit is used to pay for general living expenses, regular investment and other costs, thus keeping yours and your family’s lifestyle and plan on track. Premiums are generally tax deductible and can be claimed in your annual tax return and the benefit you receive is taxable income.

Self Managed Super Funds (SMSF)

A Self Managed Super Fund gives its members total control of the investment decisions of the fund and contributions can be made by transferring listed securities in specie from a member to a SMSF at market value.

As a result it is important to note, the trustees/members are legally responsible for the complying status of the fund. The Australian Taxation Office regulates SMSFs and provides information on setting up and running of these funds; it also suggests consulting a professional adviser.

The objective of a superannuation fund is to accumulate and grow assets on behalf of the members of the fund and provide them with a benefit in retirement. This is commonly known as the ‘Sole purpose test’.

If you are self employed or own a business please read on below to find out how we can help your business.

Protect Your Business

What would happen to your business if something was to happen to one of those people that everyone relies on to bring in more work or to get the job done? We can’t stop people getting sick or being injured but we can do something to secure your business if that does happen.

  • When you lose a key staff member for an extended period of time, keyman insurance can provide your business with cash which can be used for hiring temporary staff or, if necessary, for the recruitment and training of replacements.
  • Keyman insurance can protect your profits. For example you would be compensated if you lose income due to the absence of a key person, subject to meeting policy definitions. Such as when a business project involving the key person is cancelled, or when the loss of the key person amounts to significant lost sales and income.
  • Keyman insurance also covers instances where the business has lost a person involved in guaranteeing banking facilities or business loans.
  • Partnership interests or shareholders may also be protected by keyman insurance. Usually, this insurance will allow other existing partners or shareholders to purchase the shareholdings provided all the correct paperwork is in place such as a Business Will.
If your business partner dies, will your new business partner be their spouse?

A buy-sell agreement is a contract usually entered into between business partners where the surviving partners are bound to buy out the other partner’s interest in the business should a specific event occur. Specific events which may trigger a buy/sell agreement often include death, divorce, long-term disability, retirement or bankruptcy.

Business Expenses Insurance

Business expenses insurance is available to certain self-employed persons who wish to cover their business expenses should they be unable to work because of illness or injury.  Payments are generally made on a monthly basis and can reimburse up to 100% of approved business expenses. The payments are generally limited to 12 months.

Hidden Claim Case Study

This Case Study will focus on how FLS has managed to find Claims people did not know existed.

Toni was a 40 year old female who previously worked in the hospitality industry referred by her solicitor.  She was suffering severe post traumatic stress and had not worked for 4 years.  After extensive research we were able to locate some insurance and subsequently lodged 3 claims which were all subsequently approved for the combined sum of $267,000.  Toni was not eligible for Centrelink benefits for approximately 2 ½ years and we were able to commence an income stream for her to receive a regular income.  Toni is now recovering and is attempting to return to the workforce on a part-time basis.

Customer Testimonial


“Financial Lifestyle Solutions is very much like a financial family to me. They have ensured a financial stability that has enabled me to be free to commit to other aspects of my life without being troubled about money. Their support, guidance and attention to detail in regards to what financial package would be best for my particular situation has changed my life and I’m extremely thankful to have them as my financial support base.”