Insurance: Get Protected
While most people will insure their vehicle and their home and its contents, it’s surprising how few people insure the most important thing of all – themselves.
At your age, where you probably have a family and a mortgage, insurance is even more important. Don’t leave it until you need it, because at that stage it’ll be too late.
There are a number of ways of insuring yourself – and your earning power – that should be considered when aged between 35 and 55.
Take a look at the range of insurance solutions we provide below, and contact the team to discuss your needs and situation further by booking a complimentary initial consultation (value $595).
Give us a call on (07) 5443 5577 or complete the form below.
Income Insurance (Income Protection Insurance)
If you got a back injury, were involved in a car accident or came down with a serious illness and you had to take extended time away from work to recover, what would you live on? How long could you keep paying your bills?
Income protection can replace up to three-quarters of your income over a specified time if you can’t work due to sickness or injury.
It’s one of the most important types of insurance cover for any working person – especially the self-employed. An added bonus is that your premium payments for income protection insurance are often tax-deductible.
If you had a heart attack or a serious accident when you were driving or skiing or playing sport – how would you cope with the consequences of that trauma?
There may be extended time off work, medical expenses, mobility aids to purchase, extensive rehabilitation… trauma insurance helps cover these costs.
Often combined with life insurance into a single policy, this type of insurance protects you and your family members should you suffer a traumatic disability or a serious illness.
Total and Permanent Disability Insurance (TPD)
You may think that’s unlikely at your age, but the older you get the more you will hear of friends, family or acquaintances who find themselves unable to work again due to a stroke, heart attack, car accident or other unfortunate incident or illness. If this were to happen to you do you know how you would pay for the medical bills and other expenses?
With TPD insurance (often an add-on to life insurance), if you suffer an accident or certain type of illness that means you won’t be able to work again in the same capacity you’ve done in the past, the insurance company provides a lump-sum payment. This is designed to help you get through the big changes that will occur in your life and look after yourself.
It’s one of the two certainties in life … along with taxes. At some point, each of us will die, and we have little control over when that day will come. All we can ensure is that we don’t leave a financial mess behind for our families and loved ones to deal with.
The correct amount of life insurance allows your family to pay off debts and provides them an income. With your loss, they’ll have enough to deal with without worrying about paying the bills.
Life insurance is very important for most people, and incredibly important for those who are parents. You’ll sleep better knowing that your loved ones will be financially looked after in the event of your death.
Business insurance is vital for anyone operating a business or in a business partnership.
Business insurance includes life insurance, trauma insurance and income protection insurance all in one policy to protect your business, your personal assets and your income when the main income earner is injured or suffering from an illness.