What if I can’t work again?

Have you thought about what would happen to you, your family or your business if you suddenly suffered an injury or illness which prevented you from working for an extended period of time?

Insurance planning should not be left to chance. If you are off work for an extended period due to serious injury or illness doesn’t mean you should become one of those who:

Can no longer meet mortgage payments and potentially lose their home,

Can not afford the medical treatment and rehabilitation programs for recovery

Suffers severe financial stress leading to relationship breakdowns

Loses their business because of the financial hardship

Having the right insurance protection is as important for individuals and families, as it is for business owners and investors alike. 

Do you know how long your income protection will continue to pay you at claim time? 1 year, 2 years or until you are 65 years old?    Do you know what your insurance policy will and won’t cover you for? 

Do you know the difference between Total and Permanent Disability (TPD) insurance with own occupation or any occupation definitions?  Should I have it inside superannuation or outside? 

Trauma Insurance, isn’t the same as TPD insurance or Income Protection!  So do you or should you have this in place?

Are you a key person in your business or do you have business partners?  Would your business revenue gradually decline or completely cease if you weren’t actively working in the business?  Would your business expenses stop just because you weren’t working?  Have you considered Key Person Insurance, Business Expense Insurance and Buy/Sell Agreements for partners? Don’t become a victim of financial hardship due to sudden injury or illness just because you don’t have the right insurances in place.

When was the last time you reviewed your personal insurance policies?  Don’t leave it to chance, plan your risk management strategy, we are here to assist.

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