Considering the multiple roles you will play in your lifetime, what would happen if you were no longer able to perform them? Ask yourself:
Financial protection is just as important for women as it is for men because:
An injury or illness could de-rail any well-laid financial plan.
The majority of people who own a car or home would not consider not insuring these major assets. In fact, you cannot register a car without CTP (Green Slip) insurance. The impact of being involved in a car accident could have devastating effects not only in terms of injuries but also cost of medical bills, rehabilitation and lost earnings. Not to mention added costs such as hiring a cleaner, nanny/ child minder, carer, etc. while you are unable to perform your duties. The same would apply if you were hit with an illness or required surgery.
A comprehensive financial protection plan includes the following:
The above insurance covers are meant to complement each other and each has a different role to play.
If you require help in determining the best insurance cover for you, or you would like to compare your current policies, contact Prudentia Financial Planning today for a free insurance assessment.
Prudentia Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 400165) of KAM Financial Pty Ltd AFSL 516133
Financial Advice Sydney and the North Shore Office based in Gordon NSW