Any change in your personal or financial circumstances such as getting married, having children or buying a new property with finance can provide a level of risk. Risk insurances such as Life Insurance, Total and Permanent Disablement (TPD), Trauma and Income Protection Insurance can protect your family if you suffer a serious illness or die unexpectedly.
Whilst it is never pleasant to think about your own mortality it remains extremely important to do so and particularly if you were to pass away or suffer serious illness how would your loved ones be able to cope with the financial burden which could include the loss of family income, higher medical costs, the forced sale of the family home or the running down of your savings. Your hopes of giving your children the right start in life may be dashed. Your family may no longer be able to afford life's little luxuries. Risk Insurance can help you to protect against such a scenario.
We recommend that any change to your financial position such as buying that new home or investment property would be a good time to review your risk insurance needs to take account of changes in your individual circumstances.
As risk insurances are specialised in nature they are normally only available through your insurance broker or licensed financial planners and if required we would be pleased to arrange a referral to one of our trusted advisers to review your risk insurances to ensure you have adequate cover to reflect your current financial position. So if you would like us to arrange for a review of your risk insurances call us on (07) 3349 9044 or contact us now.