Posts Tagged ‘Insurance’

The power of planning

Ahhh, being financially independent is on the horizon… the lure of days with no pressing agendas, pared-back responsibilities and the ability to choose whether you’ll read the paper from start to finish now, or maybe later.

But what if you got a phone call to say that your teenage (or any age) child had suddenly become disabled. Just leaving aside the obvious emotional pain, would your financial planning allow you to financially cope? (more…)

Why trauma insurance in business can’t ‘come later’

‘Too expensive’, ‘too unlikely’, too many ‘what-ifs’ and ‘how will it work?’ are just some reasons SME owners avoid trauma insurance. But think about this: for 4 male partners, aged 35, 45, 50 and 55, there’s only a 52.4% chance that all will remain healthy in the next 10 years. What impact will that have on their business? It’s time to rethink the need for trauma insurance. (more…)

Handling insurance in uncertain times

“Times are a bit tough right now, so we’re cutting back on the non-essentials. I’m thinking of dropping my life insurance – because I hope I don’t need it! – and picking it up again when times are better.”

While it’s tempting to think of life insurance as a “non-essential”, it’s not. If you think you can’t afford the premiums, look at it this way: you are so reliant on the income you do have, that you need to sustain it! That means, your life insurance premiums are essential, not discretionary spending.

Having life insurance doesn’t mean you’re going to use it; but if the worst does befall you, your family’s future won’t crumble. (more…)

Convenience at a high price

Direct life insurance can cost up to 8.5 per cent more and offer less.

Insurance companies are taking advantage of the more cautious mood of consumers and their underinsurance to crank up the marketing of direct life insurance but the explosion of choice makes it difficult to work out if that special offer you receive in the mail or see on television provides value for money. (more…)