Is Your Insurance Enough?
Have you got too much insurance? Or too little? 
Having insurance for say, $200,000 or even $500,000 might seem like a lot – until things go wrong.
Is it enough? If something happens to you, your dependants will rely on that $200,000 long after you are gone.
Worse still, if you suffer a serious medical condition you may be laid up for a while. The $200,000 of trauma cover may not go very far after you factor in any expenses not covered by your health insurance, adjustments to your home and expensive rehabilitation programs.
Is your insurance cover enough?
You can work out how much insurance cover you may need by using the table in the enclosed brochure, “How Much Insurance Is Enough?”
While it’s only a guide, it explains roughly how much you may need and why you need it. You might find that you DON’T HAVE ENOUGH insurance.
Circumstances change. You may now have a larger mortgage, or your children may be older and require much more of your income to sustain the lifestyle they are used to.
As much as we hate to admit it, the unexpected can happen. The secret is to ensure that you are prepared for it.
Take a little bit of time to fill in the table and work out if you have enough insurance. One of our advisers would be happy to sit down and review your plans with you. If you would like to meet with an adviser please click here. |
