Protecting Your Lifestyle and Assets
Be protected and be in control
Having adequate life insurance cover provides you and your family with financial protection in the event of unexpected death, illness, injury or a major health catastrophe (such as disablement, a heart attack or cancer diagnosis).
Every working Australian has a one in three chance of becoming disabled for more than three months before reaching retirement age. Workers compensation will only cover you for accidents or injuries that occur during work hours or for an illness that is a direct result of your employment.
Kathryn was 38 and was working as a marketing manager when she broke her arm while playing volleyball. Her arm was placed in a full cast for two months, and during this time she was unable to drive, meet with clients or work effectively at the office.
Despite Kathryn having two weeks of holiday pay and two weeks of sick pay, she still had four weeks where she was without an income. With living expenses, medical bills, and her mortgage, Kathryn found herself to be greatly out of pocket. Although she had insured her car, house and furniture, Kathryn had failed to insure her most important valuable - her ability to earn income.
A financial planner could have provided Kathryn with a full suite of available protection to safeguard herself and her family from the consequences of being out of income for a number of weeks.
*Source: Zurich Financial Services Australia.
Our financial planners can help you select the most appropriate insurance option and provider, and can review your insurance cover regularly to make sure it remains appropriate to your ongoing needs.
Life is full of unforeseen circumstances which can affect your plans. Life insurance may help you to meet your financial goals and obligations if you lose your ability to earn an income. It provides you with peace of mind and aims to remove or reduce the financial stress that inevitably occurs as a result of these events. Protect yourself, your family and your future and enjoy peace of mind.
The main types of personal insurance cover are:
- Life insurance cover
- Total and permanent disablement cover (TPD)
- Trauma (crisis) insurance cover
- Income protection
It's important to understand your cover as it may help you avoid any complications if you or your estate needs to make a claim. You should read and understand the product disclosure statement along with the entire policy document. If there's something you are unsure about, ask our financial planners to clarify it for you. Contact us today to be provided with a quote tailored to your needs.
