I often speak with people who are buying property, be it first home owners, first time investment property buyers, or seasoned investors. In just about all cases they are borrowing money to complete their purchase, and thus taking on more risk.
Personal insurance such as Life Cover, Income Protection and Critical Illness cover are important when it comes to ensuring loans can be paid (or paid out) in the event of a serious illness or death.
Ask yourself these questions and think about whether you have enough personal insurance in place:
If you have all your personal insurance needs perfectly in place and the questions posed don’t raise any issues, then I offer you my congratulations. That’s the way it should be in a perfect world.
But if any of the questions raise alarm bells for you then don’t delay seeking help to understand your existing portfolio and make any changes you need to. Of course Steve May Financial Services is ready and able to help, but most reputable financial planners can steer you in the right direction too.
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
Shanley Financial Planning Pty Ltd trading as Steve May Financial Services (ABN 19 612 825 180) is a Corporate Authorised Representative of (1265706) of Sensibly Pty Ltd (AFSL 533923)
Nick Shanley, Steve May and Luke Styles are Authorised Representatives of Sensibly Pty Ltd (AFSL 533923)