Insurance is an important consideration in managing your risk. The types of insurance that you might need include:
- Home and Contents
- Motor Vehicle
- Office Contents
- Income Protection
- Term Life Cover
- Trauma Cover
The average Australian working will earn over $2 million in their 40-year working life. With these facts in mind have you ever considered what would happen to you and your family if you were sick or injured and unable to earn that money?
Insurance industry statistics tell us that every working Australian has a one in three chance of becoming disabled for more than three months before turning age 65.
Employees may be entitled to a limited amount of sick pay from their employers but workers' compensation only covers you for work related injuries - a small percentage of that causes of disability.
On the other hand, an income protection policy will pay up to 75% of your income (salary plus super and any other benefits) allowing you to maintain your lifestyle and keep paying your mortgage and other debts.
Income Protection insurance is a vital link in providing you and your family with a regular income stream during times of illness or injury. Contact us today on how we can assist you assess and obtain Income Protection insurance.
No one likes to think about the worst case scenario but every day in Australia 220 people are diagnosed with some form of cancer and over 36000 Australians die from cancer each year.
Statistics tell us that serious illness does not discriminate based n age or gender and the reality is that most Australians are under insured or not insured at all.
When considering life insurance the most important question is, can you afford to live without it? Most people have financial commitments no matter what stage of life and you can be injured against death, injury or illness:
- Death Cover (term life) pays a lump sum to your dependents in you die unexpectedly (cover often ceases once you turn 65)
- Total & Permanent Disablement (TPD) pays a lump sum if you suffer an illness or injury that permanently prevents you from working (i.e. loosing both hands)
- Trauma covers pays a lump sum if you suffer any range of specified illnesses such as heat attack, stroke or cancer.
The team at West Currie Consultants can help, speak to us today on how we can assist you with your insurance needs.
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