The Need for Professional Advice

Anyone can buy insurance and think they are covered BUT the big test for that insurance comes at claim time when they need the money. This is why you need to talk to a specialist in the area so when you need to make a claim it will get paid and you will have someone on your side to help you through the claims process.

At Insurance For Living we are here to help you select the best policy that suits you at the best possible price and more importantly we will be there at claim time to help you make the claim and make sure you get paid! That’s our job.

See below link about how important it is to have the right policy and having someone to help you at claim time.

http://www.theherald.com.au/news/local/news/general/warning-on-income-protection-insurance/2545307.aspx


This is why you need to talk to an expert about your insurance matters so you won't have this problem. It’s a very specialised area and you want to make sure you have the right policy covering you when you need it most, at the right price.

Insurance for the Stay-at-Home Parent

Stay-at-home parents put in an estimated 94.4 hours of domestic duty each week 1. They're the child carer, support teacher, house cleaner, laundromat executive, school project manager, taxi driver, the gardener and so much more! If illness or injury were to strike a stay-at-home parent to the point where they could no longer perform their domestic duties, how would your family cope???

According to a study released by Salary.com, a stay-at-home parent would earn nearly $124,000 a year if they were to be paid in cash for their roles at home. For the stay-at-home parent to be adequately covered, they need to ensure their insurance will cover the costs of outside help. For example;

Meal service for four people - $570 per week 2
Nanny - (based on 5 x 9 hour days) $1,125 per week 2
House cleaner - (based on 6 hours per week) $150 per week 3

I can provide families with peace of mind through a range of insurance options for stay-at-home parents.

Life Cover
A cost effective way to protect the running of the family in the event of death or terminal illness.

Total and Permanent Disability (TPD) Cover
Pays a lump sum if the client suffers from total and permanent disability, such as multiple sclerosis or loss of limb.

Trauma Cover
Provides a lump sum if diagnosed with certain medical conditions such as heart disease or cancer.

Income Care Plus Benefit
Income Care Plus pays the working parent a monthly benefit if they are unable to earn an income due to illness or injury.

I can also introduce a domestic help benefit to the Income Care Plus product. If the life insureds spouse or defacto (who is a home maker or not working more than 20 hours per week) is disabled due to an accident, you will get help to pay child minding and housekeeping costs for up to three months.

1 The eighth annual survey of mothers' market value, by Salary.com
2 As quoted on www.liteneasy.com.au
3 As quoted by dial-an-angel

Source: Update Magazine

The True Value of Life Insurance & Income Protection

A moving testamonial from a client who was recently diagnosed with terminal cancer.  He loves his family and made sure that he had appropriate insurance in place.  Mike didn't suffer from "it can't happen to me" syndrome, he wanted to make sure that no matter what happened in life to him, that he could take comfort that his family would be provided for.  Mike's decision to ensure his family would be taken care of is an act of love that will continue for years to come.

Unlike car insurance, income protection is tax deductible!

We all have some kind of plan for the future.  Whether it is to pay off our debts, buy a house, get married, have a family or travel the world, but what happens to those plans when something unforseen like an injury or an illness happens?  How do you survive each week let alone realise your goals?

Have you considered how you would pay your bills if you could no longer work?

Income Protection insurance can help by replacing up to 75% of your income if you are unable to work due to injury or illness.  It can help your replace lost income to meet ogoing living costs and generate savings to help realise your goals in the future. Income protection eases the financial stress during traumatic times so you can concentrate on your recovery.

Tax Deductible Premiums
Premiums for your Income Protection may be tax deductible making it more affordable.  If you take out a policy before June 30 and pay your annual premium you can bring forward an expense that would otherwise be tax deductible to you the following year.  So right now is a great time to look at Income Protection. Plus your cover will be in place for the next financial year!

Click Here if you would like any information about the benefits of Income Protection.