Frequently Asked Questions

What is personal financial advice? Financial advice helps you make decision about your money. Personal advice considers your own financial objectives, financial situation or needs, and then recommends strategies and one or more financial products to suit you. Good advice from an experienced, well-informed financial adviser can help you save money and become more financially secure.

Who can give personal financial advice? Generally, the only people permitted by law to give you personal financial advice are those who work for, or represent, a financial advisory business that holds an Australian Financial Services (AFS) Licence.

Licensed advice covers superannuation, insurance, shares, managed funds as well as many basic banking products.

How much will life insurance cost? Your life insurance premium will depend on how much and which cover you choose, and a range of factors such as age, gender, smoking status, health and occupation.

How much life insurance do I need? You can tailor your life insurance sum to suit your individual circumstances. The amount of cover you need depends on how you want to provide for your family and/or business after your death.

I already have life insurance cover with my superannuation. Do I need additional life insurance? It's great that you've started to protect your family's lifestyle. However, you may find your superannuation cover is not sufficient to cover your circumstances. When considering the level of life insurance cover that's right for you, it's important to think about how much you would need to cover your mortgage, credit card and other loans as well as your day-to-day living expenses, children's education, lost income and other expenses.

How do I know KNM will do the right thing by me? We believe in building long term and enduring relationships as this provides us with a solid base of loyal clients and a steady stream of referral business. We have no intention of jeopardising this for any short term gain. We therefore will always look after your insurance business as if it was our own.