Celebrate your financial intelligence early to create a HAPPY FAMILY!
If we are to accumulate enough wealth to live comfortably in our retirement we need to coordinate all facets of our lives including our financial, health, family, life, income and asset protection needs.
Financial Planners can help us create wealth over a longer term using appropriate stragegies, ideally starting early and continuing on throughout our working lives.
Personal wealth, income and life protection insurance is equally important for us to achieve our financial goals as well as to look after our loved ones [when we are not around any more] or to protect our assets accumulated over many years of hard work.
However, implementatin of Financial Planning advice on insurance, wealth creation, mortgage reduction and investment strategies, alternative tax structures, superannuation, estate planning and associated risk mitigation strategies etc. needs to be done systematically in the context of the Australian regulatory environment.
Did you know? - Before the age of 70:
- Only 32% of men and 53% of women will not have suffered a critical illness.
- 22% of men and 19% of women will be diagnosed with cancer.
- 16% of men and 15% of women will suffer from other critical illness.
- 11% of men and 5% of women will have a heart attack.
- 6% of men and 1% of women undergo bypass surgery.
- 7% of men and 5% of women will suffer a stroke.
- 6% of men and 2% of women will die from something other than a listed critical illness.
[General population data being based on age 30 now. Source: General Reinsurance Life Australia Limited 2005/2006].
How can you protect yourself?
Term Life Insurance: Pays a lump sum amount upon death or terminal illness. It can also enable the financial obligation of your business to be met.
Total and Permanent Disability Insurance: Provides a lump sum payment if you suffer an illness or injury and are permanently unable to work.
Trauma Insurance: Provides a lump sum payment if you suffer one of a list of major medical traumas such as cancer, heart attack or stroke.
Income Protection Insurance: Provides a regular earnings replacement payment if you suffer an illness or injury and are temporarily unable to work. This will assist you to maintain your lifestyle until you are able to return to work.
Business Expenses Insurance: Reimburses the owner of a small, self-employed business for ongoing, fixed business expenses that continue to accrue while the owner is unable to work because of an illness or injury.
What should you do?
At PLAN Australia Financial Services, we want you to continue building your wealth and your plans for the future without fear from catastrophic financial loss. That is what insurance advice is all about. By speaking to a PLAN Australia Financial Serivces adviser you can ensure your needs are met with the most appropriate type and amount of risk insurance cover. [source: PLAN Australia Financial Services].
HOME INSURANCE PLUS - Flexible Protection for you and your family
Now is the time to consider your HOME AND CONTENTS INSURANCE
For most people their home and its contents are their largest asset and without adequate insurance it may not be possible to replace them should the unexpected happen. Unfortunately the unexpected does happen, according to Insurance Statistics Australia.
- 1 in 13 homes suffer a claim.
- 1 in 34 homes suffer weather related damage.
It's also normally a lender requirement to provide a home insurance Certificate of Currency before settling your home loan... so the Australian Life Insurance [ALI] has introduced Home Insurance Plus, an affordable and convenient solution for home owners. Home Insurance Plus provides quality home & contents cover with an extensive range of benefits and features that other products may not provide - or only provide at an additional cost.
- "new for old" cover for your home and contents up to your chosen sums insured.
- generous sub limits.
- liability cover of $30 million.
- cover is flexible and can be tailored to meet the needs of most home owners.
- insured by QBE, Australia's largest international general insurance and re-insurance group, operating in Australia since 1886.
When you take out Home Insurance Plus for the first time, the first month's cover is free. In addition to the valuable cost saving this provides, it also gives you time to consider your insurance further before having to pay any premiums. We are confident that you will be satisfied with your decision. [source: Australian Life Insurance Group]
[Please note that above information is not intended to and does not constitute any taxation, finance, investment, insurance or legal advice. Dreamhouse Investments strongly recommends that you consult with an appropriately licensed tax agent, financial planner, accountant, legal or other relevant professional about your own personal or financial objectives and circumstances].
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