Life can be risky… you just never know what’s around the corner. Unfortunately that sometimes involves unexpected illness, injuries, major health catastrophes and death. And while we may not like to think about any of that, it can help to plan for it – with personal insurance. While this can be a confronting subject, it’s a vital part of risk management and planning for your and your family’s financial security.
Personal insurance provides you and your family with financial protection in the event of illness, injury or death. These types of events inevitably cause both personal and financial stress. Personal insurance can at least take care of the financial problems that can arise.
If tragic circumstances arise, you’ll need to consider:
- How much time can you afford to take off work?
- How will you pay your bills, debts and mortgages if you can no longer work?
- How can you afford medical and rehabilitation costs?
- How can you afford modifications to your home if necessary?
- How will your lifestyle be affected?
Protecting your family is of huge importance to most people, and you may already be convinced that personal insurance is a good idea. But what you might be finding difficult is understanding what type of cover you need; how much is needed; and, which insurance company will give you the best cover for your individual circumstances.
There’s a lot to consider and of course you want to make the best choice when it comes to something this important. We can help you there.
Our expert advisors at Opal Advice can help make the process of taking out personal insurance cover easier, with in-depth guidance to help you navigate the complexities of the process. Personal insurance should be a consideration in any comprehensive financial plan, and we can help make sure you choose effective cover. We can assist in determining the appropriate type and level of insurance so that you and your family are thoroughly protected in the event of accident, illness, disability or death. We can help with:
- Deciding what type of cover you need
- Deciding whether you need income protection
- Ensuring your family’s financial future is secure
- Choosing the most cost-effective insurance provider
- Protecting your assets through a personal insurance strategy
- Maximising the tax deductions on insurance premiums
- Minimising tax on insurance payouts and future earnings
So, with our help, you don’t have to spend a lot of time thinking about this subject. Just plan for it and then get on with enjoying your life with the peace of mind that personal insurance brings.