Life has a way of trying to get away from us, and if youíre busy making plans, details can get overlooked. Although you may think that you donít need to visit insurance brokers, Perth professionals advise that it is actually important at every stage of life. So, here weíll explore why you may need to schedule an appointment to visit your local insurance brokers.
Young and Single
When youíre young and single, you may feel like the world is at your feet, but life can throw a spanner in the works when you least expect it. At this stage, you need to achieve your financial independence and cast a financial safety net.
While you may not have a partner or children relying on your income, youíre likely to have credit card debt, car loans, student loans or even a mortgage, which could all place financial strain should you suffer an accident or injury.
Life insurance during this stage will help you to maintain your independence is you develop a disability or serious illness and gain peace of mind should you be diagnosed with a terminal illness. Your Perth insurance broker can also arrange coverage to provide financial relief for your family should you suffer an injury or pass away while helping you to save on premiums.
Today, Australian couples spend $31,000 on average for their wedding. When this is added to taking the first steps of buying a first home and establishing a future together, it can lead to massive strain should something unexpected occur. Experienced insurance brokers can help you to manage debt and protect your family financially should you suffer an accident, illness or fatality. You can also discuss whether you need separate policies or joint cover to provide protection for any future costs the surviving partner may face.
At this stage, it seems logical to visit an insurance broker, as you need to protect your new family. 91.3% of Australian parents agree that insurance cover can ease the burdens of a worried mind. Your coverage can be arranged to provide financial benefit for future costs such as mortgage, credit card debt or even household bills with only one parent.
At this stage, youíre likely to have spent years working hard to build the lifestyle you want for your growing family. Even if youíre getting on top of your financial commitments, you may need to find a little more to pay for your childrenís education expenses. Half of 18-24 Australians havenít left home, so you need to ensure that your partner and children are secure in the event of a problem.
Once your children have flown the nest, youíre likely to be thinking about retirement, but things donít always go according to plans. In 2015, Australians age 65-80 still had an average of $158,500 on their mortgages, so you need to ensure that youíre covered, so you can focus on building your savings.
If youíre unsure about how you may benefit from visiting insurance brokers, Perth based GSK is here to help. We are established Perth insurance brokers, and our team is available to answer any queries or questions you may have to ensure that youíre fully protected.