Investing in Protection
Investing in Protection
LONG TERM AFFORDABILITY
There when you need it most.
It may seem a little ridiculous to purchase something at a time when you don’t need it, with the hope that you may never use it, however the fact is, the statistics of disability caused by accident and illness both temporary, permanent and terminal are not in our favor.
While many of us take appropriate steps to remove as much financial uncertainty as possible and minimize the devastating effects these situations could place on our lives and the lives of our loved ones, the balance between appropriate protection and affordability can often leave us second guessing our priorities.
The average age of clients when their insurance policies lapse is 45 years old.
Clients who hold insurance policies are an average age of 52 years old when they make a claim.1
Imagine holding an insurance policy for many years only to cancel it due to premium costs, a short time before experiencing an insurable event. Unfortunately, we see this happen all too often.
An extremely unfortunate but almost completely avoidable situation that only reinforces the importance of quality advice.
The effects of our choices.
In the world of insurance there is a sea of options when it comes to designing a product to best suit our individual lives, and just as, selecting policies tailored to suit our lifestyles today is of immense importance, so are the considerations we should make to ensure the long term suitability of our options.
A comprehensive insurance portfolio should include policies that compliment your financial goals over different time frames and to achieve this we must consider and understand the long term effects that some of these selections will bring.
Seeking quality expert advice, understanding your protection and funding options and having regular reviews is the most effective way to ensure you hold the most appropriate products to suit your personal situation and goals long term.
Not sure where to begin?
At TIME Wealth Protection we are committed to providing the most appropriate protection advice and strategies to suit our client’s current goals and financial situation. Our experienced advisors are specialists in financial risk protection and are committed to conducting our business and providing advice in our client’s best interest.
For more information or to organise a free, no-obligation consultation visit our website at:
Protecting Your Dreams
1.The National Mutual Life Association Of Australasia Limited Claims (Life, Total and Permanent Disability, Trauma) 2013
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