Insurance
While it might be a bitter pill to swallow, there has been a failure on to convince the majority of Australians why it’s necessary to protect their most valuable asset – their life.
The truth is, most people only take out life insurance when they buy a house and take out a mortgage, and even those that do place less importance on life insurance than they do on protecting their home or their car.
The benefits of life insurance are intangible for most people; car insurance is considered important, to protect against the possibility of an accident, while house insurance ensures that your contents are safe in case of a fire, flood or burglary.
But when it comes to insuring lives against death, serious illness and disability, Australians fall back on the ‘she’ll be right’ mentality. The broadly held perception that life insurance is not necessary only serves to reinforce that frame of mind.
Australia’s recent natural disasters showed how very real and devastating the risks are of not having adequate life insurance.
Financial advisers are in the business of selling peace of mind, a concept that is often not valued until it’s too late.
We have built strong relationships with a large number of professional insurance firms, and can provide you with specialist advice for your particular situation and type of insurance coverage required. Whether you’re after life, total and permanent disablement, trauma or income protection insurance – Ray Backhouse Financial Services can get your covered. We offer access to a range of insurance providers to get you the best value and right cover for your needs.
- Personal life insurance – pays a lump sum upon death of the insured
- Income protection insurance – pays a monthly benefit up to 75% of a person’s salary up to age 65 (after a waiting period, which can be from 14 days to 2 years)
- Critical illness insurance (Trauma) – pays a lump sum upon the diagnosis of specific illnesses (any of 40 specified illnesses, with the main ones being cancer, heart attack and stroke)
- Total and permanent disability cover – pays a lump sum upon the insured being permanently disabled
- Business insurance – a key part of business succession planning, providing cover in the event of the illness, disability or death of a partner or key stakeholder within a given business
Everyone is different. The best life insurance policy or combination of policies for someone else, might not suit you. That’s where talking to one of our advisers can help you make the right choices when you compare life insurance policies to determine which is the best fit for your circumstances.
Contact us now to find out more