Everybody’s circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your life.
Personal insurance provides protection against sickness, injury and death, and includes:
- Life insurance.
- Total and Permanent Disability (TPD) insurance.
- Trauma insurance.
- Income protection.
While insurance doesn’t remove the risk of something going wrong, it provides you and your family with protection and financial security if something does happen.
The amount of insurance you need is affected by:
- How much you earn.
- Your cost of living.
- Your assets.
- Your liabilities.
- Your relationship status (whether you are married, in a de facto relationship or single).
- How many dependants you have.
We understand that it can be difficult determining the type and level of cover you might need, let alone choosing an insurer. Portfolio Professionals can assist by helping you determine your needs and recommend an insurer that is right for you. We also recommend reviewing your policy at least every 12 months, your personal circumstances change, your policy should reflect those changes, also Insurance providers continue to develop their products and pricing, making reviewing your Wealth Protection Plan very important.