Next to wealth creation is wealth protection. Many people insure their homes and cars but forget to insure their most important asset, their income and ability to work. Most Sydney Financial Advisors will agree that insurance is an integral part of any financial plan. Life can change in a blink of an eye. Unfortunately, accidents, serious illnesses and death are a part of life. The purpose of insurance is to provide some protection against life’s contingencies. Having protection for you and your family is crucial. A Financial Adviser at Navado Financial Advisors can walk you through the insurance options that may help you protect your family
Some of the most common insurance types taken out by savvy investors include:
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Navado Financial Advisors Pty Ltd is a Corporate Authorised Representative of Lifespan Financial Planning. A.B.N. 23 065 921 735. AFSL 229892. This webpage (and any material or wording appearing on this webpage) is provided for information only and constitutes general financial product advice. It does not take into account your objectives, financial situation or needs and you should therefore consider the appropriateness of the advice, in light of your own objectives, financial situation or needs before acting on this webpage. When making decisions about any financial products you should obtain a copy of and consider the Product Disclosure Statement for that product before making any decision. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.
Date: Nov 29, 2011
Tags: financial planning, risk management general
Myths abound in Australia today about the insurance industry. Some of those myths are dealt with below:
Myth 1 - Insurance will never payout
On an annual basis in Australia, hundreds of millions of dollars worth of payouts are distributed by insura…
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Date: Nov 29, 2011
Tags: financial planning, risk management general
Everybody’s situation is different and so there is no hard and fast rule as to how much you should be insured for. The following are just some of the factors that should be considered when trying to work out how much you should be insured for:
Tha…
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Date: Nov 29, 2011
Tags: financial planning, risk management general
Have you ever tried to uncrack an egg? Here is a thought to consider when deciding on whether you need insurance now or if it can wait to a later date. You cannot undo an illness, an accident or a death. Without wanting to sound too philosophical, li…
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Date: Nov 29, 2011
Tags: financial planning, risk management, income protection insurance
Whether due to serious illness or injury, the financial ramifications of losing your ability to work can be debilitating, long lasting and lead to heavy financial strain. In worst case scenarios, it could lead to bankruptcy and foreclosure. Insurance…
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