Life Insurance & Income Protection

A smart foundation of any financial plan is to first protect what you already have.  To protect your most valuable assets, if you will.  Now, this means different things to different people.  It will also mean different things according to your stage in life.  It may be that your investments are structured to protect the capital you have already built up; or maybe you use a guaranteed income stream to protect a part of your investment income.

 

If you still have a mortgage, debts and dependant children however, insurance is by far the smartest and most economical way of protecting the financial well being of your family.  It allows you to leave a debt free estate, have a disposable lump sum amount of cash in the event you suffer a serious illness, and will even provide you with income in the event you can’t work due to sickness or injury.  All this for a very small % of the amount you are protecting.
Insurance planning has come a long way over the years and so there are now some very effective ways of structuring your insurance cover and paying the premiums so that it all fits within your budget.

 

Insurance is a real financial decision though, so get advice.  Different insurance companies specialise in different policy types and demographics.  One insurance company may be perfect for 35 -55 year old chefs, whilst another may be spot on for 30 – 45 year old electricians.  So, choosing an adviser who has access to a wide range of insurance companies and products will no doubt be beneficial for you.

Life Insurance

A smart foundation of any financial plan is to first protect what you already have. To protect your most valuable assets, if you will. Now, this means different things to different people. It will also mean different things according to your st…

Income Protection

A smart foundation of any financial plan is to first protect what you already have. To protect your most valuable assets, if you will. Now, this means different things to different people. It will also mean different things according to your st…