Our financial planners regularly provide Answers to Life Insurance questions. Here are some of them –
Our Life Insurance answers to questions raised with our advisers may help you to decide on your own risk management strategy regarding health recovery and income certainty. The general questions most i=often encountered, include –
The questions –
- Are Australians really significantly under-insured?
- Most of us have life insurance in our superannuation funds, don’t we? (Isn’t that enough?)
- I can get whatever cover I want from the services offered on TV – can’t I?
- How do I decide on the need to take out life insurance when I’m young, fit and healthy?
A precis of the answers –
- Understand what financial position your dependants will be in if you become seriously incapacitated, diagnosed with a critical illness or die – and for the purposes of this consideration, let’s assume the event occurs at a time not of your choosing (perhaps tomorrow?!)
- Ensure that any shortfall in your providing for the financial needs of your dependants (and for you in the case of incapacity) are appropriately provided for – and in doing so, you should understand:
- Insure for perceived needs using the appropriate type of policy, with the most suitable provider, in the correct amount of cover, owned in the most appropriate way – and with beneficiaries nominated to suit your planning requirements.
- Read more using the linked article – and the links that are highlighted in that article. (https://continuumfp.com.au/services/risk-insurance-services/)
What would your life insurance answers be?
Wealth management with a view to providing financial independence for yourself and your family is too important to ignore life insurances as a keystone to financial security and peace of mind. The other life insurance answers – the ones you provide in completing your application for cover, are also important, to ensure that when a claim event occurs, the cover can be paid.
How can we be of assistance?
Continuum Financial Planners experienced risk management advisers are available to assist. Our life insurance services include –
- assessing your financial position;
- documenting your financial goals;
- determining your insurable risk exposure;
- recommending appropriate cover; and
- regularly reviewing the adequacy of the protection provided in your life insurance portfolio.
To arrange an appointment with one of our experienced advisers –
- phone us on 07 – 3421 3456; or
- at your convenience, use the linked Book A Meeting facility.
(This article was first published by us in an eNewsletter in August 2012. We occasionally refresh/ update it, most recently in January 2025.)
