Insurance is the most effective form of risk mitigation for minimising or avoiding the financial impacts of an unexpected accident, debilitating illness or premature death. It can replace a portion of an income when someone is unable work, help cover the costs of medical and rehabilitation expenses, or provide beneficiaries with a lump sum benefit, giving them the best opportunity to rebuild their lives and maintain their financial security.
Just as importantly, knowing that you have effective and adequate risk protection in place, provides invaluable ongoing peace-of-mind.
As your life circumstances change, such as commencing or ending a relationship, welcoming a newborn to your life or even receiving a promotion or pay raise, you need to reassess your level of cover to ensure it remains relevant and adequate.
The above information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information, consider its appropriateness having regard to your objectives, financial situation and needs. If the information relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a Product Disclosure Statement relating to the product and consider the Statement before making any decision about whether to acquire the product.