Prepare For The Unexpected
Imagine what it would be like if you or your partner died or became seriously ill and couldn’t work. How would you survive financially?
Being unable to work as a result of an accident or ill-health can expose you or your family to financial difficulty. Insurance gives you peace of mind that you and your family are covered in these critical times.
It is a good idea to review your insurances on a regular basis, especially if something has changed in your life.
At Better Path we assist you to review the level of cover needed to protect yourself in case something unexpected happens. That way, you and your family know exactly what will happen.
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Colin Prepares For The Unexpected
One our clients (let’s call him Colin) recently started an investment strategy outside of super. This investment decision made him reassess what would happen if he suddenly died and how that would affect his family.
After meeting with Better Path and reviewing his existing super policy, Colin realised he had minimal life insurance protection to cover the unexpected. Our licensed financial advisors looked at options to increase his level of cover without impacting on his cash flow.
The solution – we were able to find an external life insurance policy that gave Colin double the level of cover he previously had in his industry super for only a small increase in fees.
Although many super funds have life insurance included, it may not be enough to cover your for the unexpected. Often, you can find more cost-effective options outside of super that are better tailored to your needs. We can help.
General Advice Warning:
This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Hypothetical scenarios are based on assumptions and are not guarantee of any outcome in the future. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product.
Better Path Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 001265505) of IPraxis Pty Ltd (ABN 39 114 365 007), which is the owner of Australian Financial Service License No: 329337.
Other Advice Warning:
Before acting on any of the information presented here, please seek professional financial advice.