Wealth protection is all about making sure that you and your loved ones will not have financial problems on top of everything else life can throw at us. For pretty much everything else of value in their lives Australians understand the importance of insurance and other precautions to make sure it doesn't all go up in smoke if the unthinkable happens. You'd be cautious against not insuring your car or belongings. You've probably taken out insurance to cover your bags when traveling overseas. But what precautions have you taken in the case that you or your loved ones are financially OK if problems occur to you?
Nobody wants to think about the worst, and we're not here to dwell on the sadder side of life, but at Shire Financial Advice we know that if medical problems occur in your life it will only be harder to deal with if you haven't got the full financial preparation in place to help you and your loved ones make it through. So don't put off discussing wealth protection. We all hope the worst never happens, but not planning for it isn't a lot of good if it does. Talk to Shire Financial Advice today about making sure your wealth is protected from the lottery of life.
If you were to lose income because you were sick or injured would your family, or your business be affected? Chances are the answer is 'yes'. You should be thinking about mitigating that risk with income protection insurance to ensure that your life and your business keep going while you deal with any other problems. If you're self employed, or a business owner, that becomes even more crucial so talk to Shire Financial Advice about how much income protection you need and the best way to ensure it.
Nobody wants to dwell on it but the fact remains that the end is inevitable and it is only responsible to think about your dependents when the time comes. Let Shire Financial Advice talk you through the options for life insurance as a way of preparing for the future and protecting your family's financial future. You can't be there to take care of them forever, but you can make sure that your hard earned wealth gets to take care of them when you can't.
Total and Permanent Disability
If you're seriously injured you may no longer be able to work and that means your dependents are no longer provided for. Total and Permanent Disability (TPD) insures against that but to decide what level of TPD cover is right for you it's best to sit down with an expert from Shire Financial Advice and discuss your existing life insurance and options such as stepped or level premiums.
Critical Illness and/or Trauma
Trauma cover takes care of you if you are unlucky enough to suffer a debilitating illness (such as cancer or stroke). Like TPD cover it comes with stepped or level premiums and how much you may want to put aside depends on other funds such as your health insurance and any likely compensation you might be entitled to. Don't put it off: talk to Shire Financial Advice today about how best to ensure that if life deals you problems at least you won't have financial worries on top.