Some things in life are irreplaceable — like family. That is why it is important to take care of those closest to you in case something unexpected happens to you. Getting the right financial advice can help you take steps now to protect your income and your family.
The typical Australian family will lose half, or more of their income because of serious illness, injury, or the loss of one parent. Protecting your income and your family in the event of illness, or an accident is a vital part of any financial strategy. It can make the difference between maintaining your lifestyle during troubling times, and losing your assets.
As your circumstances change, it is likely that your personal insurance requirements will too. The chart below provides examples of when cover might be considered.
Source: Lifewise/Natsem Underinsurance Report, February 2010.
Working out how much insurance you need is not easy. This is dependent on your life stage and family requirements. Our team of advisers are here to help you create a tailored and affordable insurance package so you are covered for everything you need and nothing you do not.