Most Australians make sure they have their houses, cars and boats adequately insured, but not their incomes and their lives.
Yet more homes are lost due to death or disability than due to fire.
It’s important to put in place a suitable, cost effective insurance plan that will ensure there is no financial pain for you and your family if the worst happens.
LIFE INSURANCE – provides a lump sum in the event of the death of the insured person. It’s important to consider:
TOTAL AND PERMANENT DISABILITY (TPD) INSURANCE – provides a lump sum in the event the insured person is never able to work again due to illness or injury. Think of it as insurance for ‘financial death”. Things to consider include:
INCOME PROTECTION INSURANCE – replaces a portion (usually around 75%) of the insured person’s regular income if they are unable to work temporarily, or ever again, due to illness or injury. Think about the following:
TRAUMA (OR CRITICAL ILLNESS) INSURANCE – provides a lump sum in the event the insured person is diagnosed with an insured condition. Various types and severity of cancer, heart attack, stroke and many other conditions are covered. Consider:
Each type of insurance plays its part in a portfolio and it’s important to review your levels of insurance regularly.
A good financial planner can help you make sense of all the jargon and the plethora of policy types and conditions.
It’s important to get it right.
Need help ensuring your future is protected? Give the team at Steve May a call and start a conversation today.
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)