Your family is your most valuable asset and you’d do anything for them. Right?
Your value to your family is incalculable of course. Yet, what financial problems will you potentially leave your family if you are no longer able to work due to illness, injury or death?
The answer is to make sure you have some or all of various personal risk insurances such as Life Insurance, Income Protection, Trauma and Total/Permanent Disablement Insurance.
Don’t leave it until it is too late.
Your ability to earn income is an asset worth much more than your car or even your house (even for those of us in middle age).
If the worst happens, will your final moments be filled with worry about what your family will do to pay out your debts and keep a roof over their heads?
The more likely outcome is that you’ll survive an illness or injury. But you may not be willing and able to continue working, at least not like you once could.
There are plenty of ads selling life insurance. Even banks are doing it. But we often find that they are ‘bare bones’ solutions, and can even be more expensive than more fully featured products.
Your super might also have at least some insurance. But it is nearly always not enough, can come with additional restrictions, and super is unable to offer every type of personal risk insurance.
Navigating what you might need and what you can afford is a lot easier with the right help.
Burnett Business Centre has long been your trusted adviser for your accounting, tax and business needs. Burnett Business Centre Financial Planning can make it all a lot simpler for you, making sure you and your family are getting value for money.
Call us today and start putting plans in place to bring you peace of mind.
This information is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.