If you were to die unexpectedly today, would your family be able to pay off the mortgage and live comfortably in your absence?
If the answer is NO, you need to review your current situation to ensure you and your family are adequately protected from an insurance perspective.
Did you know that more than 81% of the Australian population has inadequate levels of life insurance cover?
It is crazy that we go out and acquire assets, generally using bank finance, without considering the consequences of not being able to service these liabilities in the event of an unforeseen traumatic event taking place.
So what type of insurance should you have? Life and/or Total Permanent Disability Insurance can provide a lump sum to you or your beneficiaries if you are seriously disabled or die. This can be vital if you have a family or a mortgage to look after.
Then there’s Income Protection Insurance which typically covers up to 75% of your income if you can’t work temporarily because of illness or injury.
If you’re self employed or run a business you can also cover your fixed business expenses in case you’re unable to work temporarily because of sickness or injury.
There are many ways insurance can be structured to suit all budgets.
Don’t leave it to chance! If you feel you don’t have adequate insurance cover in place and want to review your situation, please contact Paul Baggetta on 9317 7300 for an obligation free meeting to discuss your personal situation.
June 21, 2017
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January 30, 2017
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For more information about the services we provide, or to find out if you are eligible for a free no-obligation consultation, call us now on 9317 7300.
The information provided on this website, including the material and contents provided in the website publications, are informative in nature only and you should not act specifically on the basis of this information alone. It should not be used as a substitute for legal, business, accounting, tax, financial planning or other professional advice. If expert assistance is required, professional advice should be obtained.
Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.
Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.
Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.