Risk Insurance

Risk insurance policies are financial products that will pay the policy holder if the ‘insured event’ – such as becoming unwell and being unable to work – happens.

Insured events include things like temporary illness, permanent illness, temporary injury, permanent injury, or the premature death of the insured person.

Risk insurances insure your good health, which is actually your most important financial asset. That is why risk insurances are almost always the essential first step in any financial plan. Insuring yourself against a loss of income or earning ability allows you to ensure that life for you and your loved ones goes on with the quality you want, even if something unwanted happens.

We provide the complete range of risk insurance services: death cover, total and permanent disability (TPD), income protection and trauma cover. We help you calculate the type and amount of each cover that you might need, as well as discuss other ways that you can protect yourself against financial loss.

We also show you how to minimise the premiums, especially after-tax, without unnecessarily compromising the quality of the policy or the level of cover that you acquire.

If cash flow is tight, we can assist you to find ways to insure yourself that minimise the demands on your day-to-day income. And, of course, as financial planners we can help you find ways to enhance your income. This makes everything more affordable, not just your insurances.

Peter Robert Banicevic

Director and Financial Planner

Peter Banicevic – Director & Financial Adviser
BComm, GDip Fin Planning (Kaplan)
Authorised Representative (ASIC 330835)

Peter, is our fulltime financial planner and is dedicated to providing advice to clients to improve their financial futures. He has been providing advice to clients since 2008.

Financial advice is more than just investments, it’s more about having the right strategies in place to achieve your financial and lifestyle goals. And with a financial “coach” in you corner, you will make better financial decisions whichever stage of life you are at.

His approach blends the common sense, is easy to understand and focuses on client goals to achieve results for clients.

In 2008, Peter became an authorised representative of Count Financial Limited. In 2012, Peter is was an authorised representative of Securitor, which is part of the BT/Westpac group.

In August 2015, Peter become licensed via Dover Financial Advisers Pty Ltd. And currently since July 2018, Peter is licensed by Lifespan Financial Planning Pty Ltd.

Peter is authorized to provide advice on:
- Superannuation & Pension Funds
- Self Managed Super Funds
- Shares
- Retirement savings products
- Personal Insurance products
- Margin Lending
- Managed Investments

And also provides advice in regards to:

- Centrelink matters
- Aged care financial costs and requirements
- Arranges Equipment finance and home loans via our partnerships with lending managers to get the best outcomes for our clients.

Peter obtained a Bachelor of Commerce from the University of NSW in 1993, and has a Graduate Diploma in Finance and Investment from Kaplan (previously the Securities Institute) and a Graduate Diploma in Financial Planning with Kaplan (2010).

He has worked with financial planners and their clients in his previous roles with Ord Minnett, Leveraged Equities & Adelaide Bank largely in customer service and business development. He has worked in the finance industry since 1993.

Peter in his spare time likes to spend time with his young family but also likes yoga, listening to kirtan music and sports.

Peter’s philosophy is, "You work to live, not live to work so live more simply and think about the higher more important things in life." Email Peter: peter@pracwealth.com.au

Peter Robert Banicevic is an authorised representative (330835) of Lifespan Financial Planning Pty Ltd (AFSL 229892).

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