Protect My Wealth
Buy-sell agreements, key person insurance, and succession planning for business owners, partners, and directors.
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Protect My Wealth
For high-income professionals and business owners, the financial consequences of death, disability, or a critical illness event are amplified by the scale of income at risk, the complexity of business structures, and the absence of any employer-funded safety net.
Build MyWealth approaches protection as a structural discipline. Insurance, business continuity arrangements, and claim advocacy are not three separate products. They are three layers of a single architecture designed to ensure your income, your family, and your business interests remain intact when something goes wrong.
Why Protection Comes First
Most professionals insure their car, their house, and their watch. Very few have properly insured the income stream that pays for all of them. A professional earning $300,000 annually with 25 working years remaining has a future earning capacity exceeding $7.5 million before growth. That is the asset at risk, and it is almost always the most underinsured.
The second common gap is structural. Many professionals hold insurance that was arranged at an earlier career stage and has never been reviewed against current income, current business interests, or the family obligations that have grown in the years since. The policy is in force, premiums are being paid, and the illusion of adequate protection is maintained until a claim reveals the gap.
The third gap is business continuity. Partners and co-owners often have a buy-sell agreement in a filing cabinet but no funding mechanism to make it work. When a claim event occurs, the surviving partner discovers that the agreement is unfunded, the insurance is misaligned, and the estate plan contradicts the commercial arrangement.
How the Three Layers Work Together
Risk insurance strategy addresses the personal layer: life cover, total and permanent disability, trauma, and income protection calibrated to your actual income, your actual obligations, and the actual definitions that determine whether a policy pays.
Business protection and succession addresses the commercial layer: buy-sell agreements, key person insurance, and group cover structured so that ownership transitions, revenue protection, and key person dependency are funded and documented.
Claim assistance addresses the moment that matters most. When a claim event occurs, Build MyWealth acts as your advocate on a fixed fee basis. We work for you, not the insurer. Independent claim support means your interests are represented throughout the process.
These three layers are reviewed as a coordinated system, not as three separate conversations with three separate objectives.
The Build MyWealth Insurance Architecture Review
Every protection engagement begins with the Build MyWealth Five-Layer Insurance Architecture Review, covering income replacement, debt and obligation exposure, business continuity, crisis liquidity, and structural efficiency across all policy ownership and locations.
The review identifies where your current structure is exposed and what to prioritise first. It does not begin with product recommendations. It begins with understanding the architecture beneath your existing arrangements.
As published in: Money and Life | Life Insurance Guide | Australian Financial Review
Frequently Asked Questions
The most frequent gap is income protection that was set up at an earlier career stage and never updated. A professional earning $600,000 who still holds a policy based on $200,000 income is carrying uninsured exposure on two thirds of their earnings. The second common gap is TPD cover inside superannuation with an any-occupation definition, which may not respond in the way expected for a specialist professional.
Insurance structuring intersects with tax planning, estate planning, and business succession. Sangram Rana is a Registered Tax Agent and works directly with your accountant on the tax treatment of premiums and benefits, the deductibility of income protection premiums, and the interaction between insurance proceeds and business structures. Where estate planning or business succession documentation is required, we coordinate with your lawyer or refer you to a trusted specialist.
A structural review is warranted whenever your income, your family situation, your business interests, or your superannuation balance has changed materially since the policies were last set up. Common triggers include a promotion or partnership admission, the birth of a child, a property purchase, a business acquisition, and any material increase in personal or business debt.
When you lodge a claim directly with an insurer, the insurer manages the process. Their obligation is to assess the claim against the policy terms. Our obligation is to you. Claim assistance means we prepare the claim documentation, manage communication with the insurer, escalate delays, and challenge adverse decisions where the policy terms support a different outcome. The fee is fixed and agreed before we begin.
Sangram Rana is an IFA Excellence Awards finalist: Risk Adviser of the Year 2022, 2023, and 2025, SMSF Adviser of the Year 2022 and 2023, and Client Outcome of the Year 2022. Published in the Australian Financial Review, Money and Life, SmartCompany, Inside Small Business, Professional Planner, Life Insurance Guide, CommBank Brighter Magazine, and Benefolk. Corporate Authorised Representative, Lifespan Financial Planning AFSL 229892.
Is Your Income and Family Properly Protected?
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