Financial Newsletter Sunshine Coast
Welcome to Unique Financial Partnerships, keeping you up to date with all financial planning, self managed superannuation funds, tax minimisation, life insurance, on the Sunshine Coast and around Australia.
The information in this newsletter is current at the time of printing. Contact us for updates.
ARE YOU WASTING MONEY ON INSURANCE?It’s the middle of the night and you’re jolted awake by extreme pain in your chest. You feel like the life is being crushed out of you ... you immediately realise you’re having a heart attack. Your partner frantically phones 000 and as you lay clutching your chest waiting for the ambulance to arrive, all you can think about is how your family will be supported if you die. The pain intensifies. Income protection (or "salary continuance") insurance policies usually provide up to 75% of your salary or business income in the event that you cannot work due to illness or injury. Of course, you might have sick leave, other compensation arrangements or perhaps a cash reserve to rely on for a while, but what happens when these run out? |
Newsletter Archive
What does a financial adviser do? June 2010 Federal Budget 2010 - 2011 May 2010 Henry Tax Review May 2010 End of year tax tips April 2010 Wasting your money on insurance? Summer 10 Financial Planning Summer 09 Financial Planning Spring 09 Investment Returns In Perspective September 09 Retirement planning August 09 Financial New Year's Resolutions August 09 Financial Planning - Budget, Tax Tips, Stock Market Winter 09 Age Pension and Superannuation Federal Budget June 09 Economic and market highlights June 09 End of Financial Year Tax Tips 09 May 09 Investor Newsletter Autumn 09 Investor Newsletter March 09 Superannuation Newsletter Summer 08 Retirement Newsletter Spring 08 Tax Minimisation Newsletter Winter 08 Superannuation Newsletter Autumn 08 Superannuation Newsletter Summer 07 Financial Newsletter September 07 |
TRANSFER THE RISK
Just like any other insurance, protecting your income is about transferring risk to someone else. By paying a premium each month, you have the security of knowing that should anything happen - your car is stolen, your home damaged by fire or you suffer a serious illness or accident - your financial loss will be minimised.
Interestingly, almost 90% of Australians consider the cost of car insurance worth having, yet only 6% of us
insure our income.
And what about the apparent contradiction that when you buy insurance you hope you never actually have to
use it? Does this mean it is a waste of money?
Why take that risk when having peace of mind is worth far more than dollars? Once you have insurance in place, you can get on with enjoying life, and if you do get sick or badly injured, money will be one less thing to worry about.
Futuro would like to thank Commonwealth Bank for contributing to this article.
DISCLAIMER:
This is general advice only. It does not take into account an individual's objectives, financial situation or needs, which are necessary considerations before making any investment
decision. Opinions constitute our judgment at the time of issue and are subject to change. This report was prepared by Futuro Financial Services for the sole use of the intended
recipient. Its contents should not be disclosed, in whole or in part, to any other party without prior consent in each case. To the extent permitted by law, Futuro, its employees,
consultants, advisers, officers and authorised representatives are not liable for any loss or damage arising as a result of any reliance placed on the contents of this report. Please
contact us directly should you have any queries in relation to the information provided in this Report on 07 3018 0400.
Disclaimer
All representations and information contained in Futuro in Focus are made in good faith and are believed to be correct at the time of preparation. Articles are of a general nature and they do not purport to be specific investment advice. Individual needs or other considerations have not been taken into account, thus information contained herein should not be relied upon as a substitute for detailed advice. Futuro Financial Services will receive fees or brokerage from the provision of advice or placement of investments. You may, by contacting our Privacy Officer on 07 3018 0400 or by writing to Futuro Financial Services Privacy Officer GPO Box 942 Brisbane QLD 4001, request not to receive further editions of Futuro in Focus.
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