We all know someone who has been forced off work for extended periods, afflicted with a serious trauma such as cancer, or in a worst case, died 'before their time'. Whilst we cannot anticipate what might happen in the future, we can insure ourselves properly to enjoy the peace of mind knowing that whatever may come our way, we are financially prepared for it. Having adequate personal insurance in place protects you and your family, protecting your greatest area of financial vulnerability.
Should You Consider Personal Risk Insurance?
Australia is one of the most under-insured nations in the developed world, with recent findings suggesting that less than 5% of Australians with dependent children have adequate life insurance cover in place. The reality of these statistics can have tragic consequences, with financial burdens at a time of intense personal pressure often leading to detrimental personal and family breakdowns. While it's not a pleasant subject to think about, life insurance will give you peace of mind against life's uncertainties and provide financial protection to your loved ones after you're gone.
Why A Personal Risk Insurance Policy Is Necessary
Nobody plans on becoming sick or injured, but these things inevitably happen. Would you have enough money to support yourself and your family in the event that you were unable to work for a significant amount of time? Income protection ensures your bills, mortgage, debts and regular expenses are covered even if you're not receiving an income, taking the financial pressure off your recovery and protecting what's most precious.
Our Financial Planning Business offers a personal risk insurance policy that will cover Life, Disability, Trauma and Income Protection insurance to help protect your income and your assets. We’ll work with you to effectively plan your finances and manage your money to maximise returns and provide you with options while you’re preparing for transitioning periods.
Regional Financial Planners offer a series of services and specialties that enable you to retain and grow your security, as well as manage ongoing and expected risks effectively. Get in touch to find out how we can help.