Insurance - Pre-Retirees
How would you maintain their lifestyle if something happened to you?
Your children have grown up and have most likely left home and started their own lives and families, plus work is winding down.
This leaves you and your spouse/partner time to focus on the things you may have delayed or put off becasue of family commitments. You can now enjoy the lifestyle you've worked hard to achieve.
But how would your spouse and family cope if something happened to you and there wasn't the financial means available to maintain your new lifestyle?
Would you spouse need to give up work to support you? Or even go back to work. Would you need to delay your retirement plans while you recover? Or would you need help form your children?
Insurance makes it really easy to keep your plans and your hard-earned cash even if the worst were to happen.
Insurance is your most valuable asset, every day of the year
Keeping your insurance up to date with your changing circumstances and needs is the foundation of any good financial plan now and in the future.
How would your business cope if you couldn't work?
Running a business has its share of rewards but also a number of risks that shouldn't be ignored. Your daily focus is centred on building, managing and running the business to ensure growth and profitability.
However if the unexpected were to happen, such as your business partnership ending or a key person being unable to work for a period of time due to injury or even death, it could jeopardise all you've achieved and leave you and your family extremely vulnerable.
The good news is having and keeping insurance can easily reduce the damaging impact to your business when you, or key people, fall ill or can't work.
The three basic protection needs you should consider are:
- Asset (Debt) protection
- Revenue protection
- Ownership protection
The key is making sure you have and maintain the right amount of protection for the right people at the right time and stage of your business life.
If you had to stop work because of a serious injury or illness, how would this affect your retirement plans - would you still have enough?
You've worked hard to support your family over the years and built up a healthy nest egg for retirement. So the last thing you might expect is to suffer a serious injury or illness that puts your life savings and retirement plans in jeopardy.
But if this did happen, would your spouse need to give up work to support and take care of you? Would you need to delay your retirement and use your nest egg to cover your medical expenses? How would you cope?
It's important to maintain your insurance and that it's updated to reflect your change in circumstances. Our experience has shown that its when you get older that you need insurance the most.