Case Study

Steve was overjoyed when he discovered recently that the insurance cover, he took out 15 years ago, was to be his financial saviour when he suffered not one but two health incidences. At 36 Steve took out three different styles of insurance being, life insurance, income protection and trauma cover with Lambert Group Future Planning. He understood at the time that these policies were to protect him to cover debt, income, and unexpected illness respectively.  Of course, he like everyone hoped he would never have to call upon it, and until now this was true. Now 15 years later, at...

Suffering a life-threatening illness is devasting for everyone concerned. However, finding out that your insurance covers you for that illness relieves some of the pressure of additional health costs and loss of income. While receiving that cover quickly and effortlessly helps in an already high stressed situation. In the case of Jan and Mark this is exactly what happened. Jan and Mark first took up a critical illness and trauma insurance policy when they were in their 30s. Time went by, and they had no need to call on their policy, although always knew it was there for a future eventuality. Now...

Andrew, a 57-year old client, ran a successful real estate agency in Sydney when he suffered a major heart attack. Andrew had told the team at Lambert Group that he wanted to ensure that if something happened to him, his wife and children were secure in the future. Calling on his trauma insurance Andrew received $1,000,000 which enabled him to pay off the family home, and his investment property. Insurance can help make a bleak future brighterAn insurance policy is a promise that sits in your bottom drawer; hopefully you never need to call on that promise. However; as this...

Bob, a 61-year old medical professional knew the importance of securing his and his families financial future if he should fall ill. After being diagnosed with prostate cancer he claimed on his trauma and income protection policies that resulted in a $2,958,000 payout. Insurance can help make a bleak future brighterAn insurance policy is a promise that sits in your bottom drawer; hopefully you never need to call on that promise. However; as this Lambert client story shows, when you do need to make that call, it can help make a difference to what might otherwise be a bleak unknown...

It is always sad losing a loved one, and this is even more so when there are dependent children involved. With Lamberts advice, Susan and Tom had taken out life insurance because they wanted to make sure if one or both of them should die, their six children would be financially secure. When the worst thing possible happened, and Susan passed away at only 40 years of age, Tom was able to receive a life benefit of $1,340,095.  This meant that he could afford to stay in the family home, and continue the children’s private education. Insurance can help make...

At 54, Dave, a client from Canberra, was diagnosed with sun cancer resulting in time off work during treatment. Luckily he had previously talked to the team at Lambert and was covered for such an eventuality. Dave used the $105,000 he received to pay off some of the mortgage and to have a sufficient income stream during the treatment period. Insurance can help make a bleak future brighterAn insurance policy is a promise that sits in your bottom drawer; hopefully you never need to call on that promise. However; as this Lambert client story shows, when you do need to...

At 64, Margaret, a client living in Sydney, suffered a heart attack. Happily she recovered within weeks, however because of this, she didn’t think she would be eligible to claim on her trauma insurance. We submitted the paperwork for her, and full payment was made in December 2020 of $150,000. This windfall enabled Margaret to pay off her mortgage, her sons car loan, and use the balance to make an additional investment in to superannuation for her upcoming retirement goal. Overall the outcome has taken the financial stress off Margaret, which as we all know can be a factor in...

Jenny, a 66-year old Sydney client was devastated when she was diagnosed with breast cancer. She had recently retired and worried that the extra medical costs would impact her retirement income and her future considering the huge medical costs recommended for her treatment not covered by Medicare. She was relieved in knowing that she had trauma insurance that she could call on, receiving a one-off payment of $442,000. This payment enabled her to supplement both her retirement income, pay medical bills and put into here investment portfolio taking away the financial stress. Insurance can help make a bleak future brighterAn insurance...