Insurance
Why it is important to have insurance...
Have you ever thought about what would happen if you were ill or injured and unable to work? What would happen to you, your loved ones, or your business?
Who would pay the rent or the mortgage. Who would pay the mounting bills. Could you afford the best medical treatment. Could you still give your children the life and education you had planned for them? What would happen to your business that you have worked so hard to build.
These are all questions that none of us like to dwell on, but unfortunately unexpected things do happen and they are more common than most people realize.
Did you know...
- Around 50% of Australians aged over 30 will suffer a major illness that can
lead to long - term disability and long-term loss of income?
- More that 85,000 new cases of cancers are being diagnosed in Australia
each year?
- There are over 28,000 hospital admissions in Australia for heart attacks
each year.
- Each year there are approximately 370,000 people in Australia with a brain injury, and over 160,000 people who are severely affected by acquired brain injury and need some form of personal assistance or supervision of
everyday living.
We have been able to help some of the people behind these statistics - the ones who were wise enough to have insurance. They are always grateful and relieved that they had recognized the importance of having adequate insurance to protect them and their families.
Insurance gives you financial protection. You can buy insurance that pays an amount if you:
- die
- become terminally ill
- become disabled
- suffer a specified trauma condition e.g. heart attack, cancer, heart surgery.
This money will help you, your family or your business in so many ways.
In the event of your death, it could pay off your mortgage so that those you leave behind will have a roof over their heads. It could pay for the education you planned for your child. It could pay for child care so your spouse can return to work.
Many people make the mistake of thinking of insurance only as a way of leaving money behind when they die. They don't realize that many people need the insurance while they are living. You might need to pay for home care while you recover from a trauma, or make changes to enable you to stay in your home if you are disabled. You will need to keep up your financial obligations as well as the everyday costs of living such as food, clothing, and electricity if you are unable to work.
Or perhaps you need the insurance for business purposes, just because you can't work doesn't mean your business expenses disappear. You may still have to pay your lease, staff salaries, suppliers, amenities bills and many ongoing costs. It may also be used for key person insurance, loan guarantor cover or buy sell agreements.
Everyone's insurance needs differ depending on their personal circumstances. We can help you decide on the insurance that is most appropriate for your specific needs and circumstances, please click here to contact us.
