A financial planner can recommend whether personal risk insurance is appropriate for you. They can help decode the various insurance policies and find the right mix of cover to suit your needs. They can outline the pros and cons of waiting periods, different insurance providers and premiums. They can also recommend an appropriate amount of cover that is tailored to your circumstances.
Simply request an appointment online to speak with a Commonwealth Financial Planning (CFP) financial planner over the phone or by Microsoft Skype/ Team video conference.
This information is general in nature and there may be other considerations that are relevant to you. It has been prepared without considering your individual objectives, financial situation or needs. You should therefore consider the appropriateness of the information to your circumstances before acting on it. You should consider talking to a financial planner before making any financial decision based on this information. A financial planner can provide you with tailored financial advice.
1 APRA expects income protection insurance providers to make the following changes from 1 July 2021: New income protection contracts to be based on protecting income based on annual earnings, not older than 12 months, at the time of claim. New income protection policies must have initial terms and guaranteed renewable periods not exceeding 5 years. Changes to occupation and financial circumstances should be considered on renewal. Benefits provided by new income protection contracts: