When we think of wealth creation, we often concentrate on investment strategies, which are of course, very important because they create wealth and enable us to realise our dreams throughout life. However, it is equally important to put defensive strategies in place.
Consider the consequences of not being able to work for a year as a result of an illness or injury, or the death of the family’s breadwinner. While nothing can compensate for the emotional loss that such a catastrophe causes, it is possible to minimise the financial loss to your family or business by putting in place appropriate risk insurance cover, such as:
- Income protection insurance – provides a replacement income stream if you are unable to work as a result of an injury or illness.
- Trauma (critical illness) insurance – provides a lump sum payment if you satisfy the definition of specified, insured medical event.
- Life insurance – provides a lump sum payment in the event of untimely death or the diagnosis of a terminal illness.
- Total & Permanent Disability – provides a lump sum payment in the event of total disablement.
- Business expenses insurance – pays ongoing, fixed expenses of your business if you are unable to work as a result of an injury or illness.
- Keyman Insurance - provides a lump sum to the business in the event of losing the services and input of their most valued people through death or disability.
Risk insurance might be particularly important if you carry debt, have dependants, are self-employed, commencing business or if your income would not continue if you were disabled as a result of an injury or illness.
We can ensure your needs are met with the most appropriate type and amount of risk insurance cover. Don’t risk the financial future of you, your family or your business – take action today.