Sometimes life delivers the unexpected, and it's critically important that your income and wealth are protected from these events. At WealthView Financial, we can show you the best ways to protect your financial position with personal insurance strategies that are right for you.

​​

While many people insure their home, car and possessions, it is even more important to make sure your family and lifestyle are protected from financial misfortune. Without a regular income, it can be a challenge just paying for everyday household expenses like groceries and power bills, while ongoing mortgage repayments or school fees can quickly eat away any savings. Worse still, if you're self-employed and can't work because you're ill or disabled, you could be faced with the added pressure of the business bills rolling in.

​

The good news is that we can use risk insurance to structure a total financial protection package for you to protect against loss of income, disablement, serious illness and death.

​

Insurance is never a luxury. You may go for years without making a claim, then one day the unexpected happens. No one can eliminate the devastating emotional impact of serious illness, disablement or death, but if you have to deal with money problems as well, the situation can be much worse. Having money available when you need it most is what makes insurance so valuable.

​

While car and home insurance are relatively straightforward, personal risk cover can be complex, with many different options and levels of cover to choose from. We can help you decide which cover is right for you and what issues you need to consider. For example, which family members would you insure? When does it make sense to insure a non-working spouse? How should the benefits of any payment be distributed? What benefits are available within your superannuation scheme? What are the tax implications of taking out insurance? 

Your biggest asset?

Have you ever contemplated what your biggest asset is? Is it your home? Most people would think it is, but most people would be wrong.  Is it my superannuation?  Well if you are a retired person, perhaps it is. How about my car? It’s very unlikely. Give up? For the overwhelming majority of people of working age, it’s your income!

​

Consider this, according to the Australian Bureau of Statistics, in 2013 the median annual full time wage was $74,724, and was increasing at that time by 2.3% per year. So for a 40 year old earning that income who works until 65, that is worth nearly $3,300,000!

​

Now almost everybody in Australia insures their home, even most would not think twice about insuring their $10,000 car, but less than a third of Australian’s (according to the IFSA review in 2007) have adequate income protection cover.

​

We can help you get the right cover for peace of mind should you income cease through illness or injury, and help you protect your biggest asset.

​

To find out how we can help you protect your financial future, call us on 1300 807 500 or email us today.