Have you got enough?

According to a recent research by an online comparison website, just 43% of Australians hold income protection. Significantly, more than half of those Australians who have a life insurance policy held within their superannuation believe it wouldn’t meet their family’s needs should the unexpected happen.

Reviewing your protection is one of those things that most people forget to do.

While you may have some insurance in place for your car, health and house, have you ever considered how you would pay the mortgage, school fees or household expenses if you or unable to work for a period of time due to sickness or injury?

Income protection policies can vary. Most income protection policies will pay up to 75% of your monthly income. There are many details to consider when it comes to choosing an insurance product. As experienced advisers, we can help identify gaps and provide recommendations to assist you with putting sufficient cover in place.

Further to that, our advisers evaluate your life insurance policies throughout the different stages of your life to ensure any adjustments are made in accordance with your needs. We take a comprehensive approach to recommending cover for your personal, business and investment risks.

We encourage you to seek financial advice in this important area. Our advisers can help you stay informed, navigate the fine print and be your advocate facilitating any claim process should you need it.

Did you know some policies, that are purchased outside your Super fund are tax deductible? Get in before June 30th and we can review your policies and ensure they are financially fit to support you and your family in the event of a claim.

Liberum Financial offer an inclusive service for your financial planning needs.  For more information contact us today on ph: 3233 6470.

The information provided is general in nature and does not take into account your particular investment objectives, financial situation or insurance needs; we therefore recommend you seek advice tailored to your individual circumstances before making any specific decisions.  Liberum Financial and its advisers are Authorised Representatives of Fortnum Private Wealth Pty Ltd ABN 54 139 889 535 AFSL 357306 Australia Credit Licence No 357306 trading as Fortnum Financial Advisers.

(i) Comparison Website Media Release 2016