It's mad to think that most of us don't think twice about insuring our home and car but hesitate about protecting our family and income.
In Australia, 60% of families with dependents will run out of money within a year if the breadwinner dies.
We all take our health for granted and rarely think that anything bad could happen to us. Yet it’s important to consider how you or your dependents would cope financially if you were unable to work.
How would you sustain your lifestyle and pay your bills if you were sick or injured? In the event of your death, who would provide for your family?
Finding yourself in these circumstances is emotionally demanding; and the last thing you want to think about is your mortgage repayments and day-to-day living expenses.
Imagine coping with both a family tragedy and a dramatic decrease in your living standards - like losing your house - horrific!
Income Protection - pays up to 75% of your income if you are ill or injured and unable to work. This money helps you stay on top of mortgage repayments, pay for medical expenses and cover living costs like food, utility bills, clothing and school fees while you recover.
Life Insurance - pays a lump sum amount in the event of your death – helping protect your loved ones’ lifestyle and future. It helps ensure your family could survive without you, paying off their debts and providing them with an income to continue living.
Critical Illness Insurance - pays an agreed lump sum if you suffer a listed serious illness or injury, for example a heart attack or cancer, where treatment can be lengthy and expensive. It helps cover the costs of getting well, such as medical treatments, surgery and rehabilitation therapies.
Total & Permanent Disability Insurance - pays a lump sum if you are unable to work again due to an accident or illness that leaves you permanently disabled. It can help cover expenses such as rehabilitation, home modifications and carer fees or allow a family member to reduce their work hours to look after you.
I can help work out which of the above insurances are relevant for you and amounts of cover you need.
To make sure you and your family are protected, talk to me today.
Keith Burns AFP ® | Adv.Dip.(FP) B.Bus | Financial Adviser
Suite 2/58 Old Geelong Road, Hoppers Crossing VIC 3029
Mobile: 0478 754 408, Phone: 03 9748 7999, Fax: 03 8742 4494 Email: firstname.lastname@example.org