Wealth Protection
Most Australians have insurance to protect their home, car and other substantial items if something was to happen, however alarmingly few people have insurance to protect themselves and their family and lifestyle in the event of an unexpected loss of income.
If your household breadwinner were injured and could not work, how much paid leave could they take? How many weeks could you support yourself on your savings? What would you do once your savings were gone and the bills keep pilling up?
These are uncomfortable questions to ask, and most people are shocked at their financial vulnerability.
But it won’t happened to me!
We hear this all the time, and unfortunately you just need to turn on the news to see that accidents happen every day, to average people. The odds are that it will happen to you, or someone you know, so it is essential to have financial protection in the event you are one of those unfortunate few.
Your greatest asset?
When asked what your largest or most important asset is, most people reply with their family home, investment property or money in the bank, but the reality is that you are your earning potential greatest asset. For most Australians, their ability to work and provide an income is worth far more than anything else.
For example the average Australian adult is 39 and earns $91,894 (ABS data Nov 2020) per year. If this person is unable to work due to illness, injury or death, their lost income will be equal to $2.573 million. This earning potential needs to be protected, especially if this person is paying a mortgage, supporting a family and is looking forward to a happy retirement.
Personalised protection
Life doesn’t always go according to plan, and it’s crucially important that your assets and income are protected from these unfortunate events.
Call 1300 62 48 37 to speak with a financial adviser today to discuss a tailored solution to meet your needs. McIver Financial can show you the safest and most cost-effective ways to protect yourself and your family with insurance strategies designed to suit your circumstances.
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Whether you have a lot of money, or you’re living week to week, speak to one of our advisers and enjoy the comfort and peace of mind of a well thought out financial plan.
Sometimes it’s just as important to protect what you have saved in a lifetime.
Growing wealth is a long term strategy and something to take very seriously. Don’t make the mistake of choosing an investment option that you do not understand. Let the experts at McIver Financial guide you and recommend a strategy for you that is tailored to you, your goals and objectives.
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