Income Protection
How you would take care of yourself if you couldn’t work, and your income stopped tomorrow? Have you ever thought about income protection?
Move in with mum and dad? No thanks!
Go to Centrelink? Hmm, that’s not the lifestyle I’d want for myself.
Yes, I’m asking a pretty tough question, but I have a very good reason to.
Why seek help?
While nearly all of us insure our cars, home and contents, only 9% of us have income protection insurance. The crazy thing is that without our income, we wouldn’t be able to pay for that car or house anyway!
In a day-and-age where women know that we can be independent and provide a great lifestyle for ourselves, not protecting our incomes c be our greatest downfall.
Not long ago I got a call from a woman who had recently purchased an apartment for herself, but was told she had to take over a year off work to recover from breast cancer. With no income coming in, she was going to have to sell the apartment and move back in with family.
Unfortunately, this is not an isolated case. Hence my strong reason for writing this article about income protection insurance!
The message I want to send out is that an income protection policy would have allowed her to keep the apartment and focus on her recovery.
So let me get to the main things you need to know about income protection – It’s easier than you might think!
- Your income protection policy can be paid from your super – so not an out of pocket expense
- Your financial planner – which I hope is me – recommends a suitable policy for you and helps you apply
- Even if you smoke, are overweight, or have pre-existing medical conditions, you can still be eligible for a policy
- We can look at level premiums, where the premium is locked in at your current age – this means you can afford to keep the policy into your 60’s
- It’s more affordable than you think
Why Me?
- There is no cost to you for my services
- It’s not cheaper online – and I can often get further discounts as well
- I compare the best providers and make a recommendation that is personalised for you
- Get your cover set up properly. I see a lot of mistakes when clients DIY their cover or do it without personalised advice. It pays to get a professional opinion
If learning more about – or purchasing income protection – is something you’d like to discuss, contact True Journey Financial today!
I would love to help!