Insurance becomes an issue for all of us once we have “things,” such as an investment portfolio, debt, mortgage, children or anyone else who is financially dependent upon us, financial obligations and living costs that can only be met by our own income, and therefore our ability to work.
Once you establish cover it cannot be taken from you. Therefore, if you are a healthy 20-something year old, for example, who is compelled to take out insurance protection due to financial or family obligations, you will be comforted and happy to discover that if in your 30’s you develop an illness, such as diabetes, cancer or such your coverage will remain intact.
However, if you wait until later in life to take out insurance, and have been diagnosed with an illness or threat of an illness you may find your cover to be more costly, be confined to limited circumstances outside of those known problems or you may be denied coverage altogether. So starting your policies as soon as you need them, even small policies, may benefit you in later years.
Who needs insurance advice (also known as “risk advice”) and when?
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Upon marriage or divorce
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Purchase of a home or investment property
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Debt levels change
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Starting or growing your family
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Anyone with extended families from multiple marriages
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Change of job or level of income
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Entering a tradesperson career
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Starting or selling your own business
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Becoming self-employed
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Borrowing to invest or as your savings and investments grow
Life can be a risky business but you don’t have to take unnecessary chances. There are 5 areas of risk insurance to consider:
Income Protection Insurance
Life Insurance
Total and Permanent Disability Insurance
Trauma Insurance
Business Insurance
Get the ball rolling and contact us today to arrange an appointment with our in-house Risk Insurance Consultant.
