Gilham

Accidents, illness and premature death can happen to anyone. An unexpected tragedy is not something people like to think about, but what if you were not around and your family depended on you for financial support?

Wealth protection is one of the cornerstones of financial security. Without adequate risk protection the realisation of financial goals may never be reached in the event of death, injury or illness. Insurance is an essential part of planning for a secure financial future.

A recent study by Rice Walker Actuaries showed more than 5 million Australian families with dependent children had only 20% of the appropriate level of life insurance. When thinking about your own adequate level of insurance cover, you should consider the following questions:

• Do you have someone financially dependent on you?
• Do you have debt?
• Does your investment strategy rely on your income?
• If your income stops due to ill-health, could you meet your financial commitments?
• Do you have insurance inside your superannuation
• Is this insurance adequate?
• If you were unable to work due to  sickness or injury how long would you be able to cope without income?

What type of wealth protection is available?

Insurance to suit your needs

It is important to choose the right insurance strategy for your needs and goals. Chosen correctly, this strategy can protect from further financial hardship if the unexpected happens. We never want to think about the worst happening to us, but putting an insurance strategy in place can offer some peace of mind.

Click here to read the Strategy Paper "The Importance of Personal Insurances"

Click here to read the Risk Management Strategy Paper on "Income Protection"