Bet on Long Life: Is Insurance Really Necessary?

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article. 

The uncertainty in life is what makes insurance so important.

Although we can never predict what will happen to us, with the right insurance policies we can recover from our financial losses and especially if the unexpected happens such as death then the insurance company will share the risk with us to provide the financial security essential to keep the status quo for your family.

LIFE INSURANCE

Life insurance for example, is often described as making a “bet against yourself.” You bet on a short/er life (i.e. you may die early); while the insurance company bets on a long life (i.e. you will live a long and happy life.)

INCOME PROTECTION

Also known as salary continuance, it replaces the income you lose when you cant work because of illness. The main issues are how long you can wait until they start paying and what percentage of your salary you want to receive each month. There are many different policies, each with its own definitions of disability and range of cover, including different waiting periods before they start to pay out.

Do you need more detail on this subject? Head on over to the full article HERE for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0403) 296 221.

Thanks,

Tammie