Why Insurance is a Key Part of Financial Planning, and Not an Add-On

Insurance is often treated as a separate decision rather than an essential part of financial planning. However, without the right cover in place, unexpected events can place significant pressure on your finances.

Income protection, life insurance, and total and permanent disability cover are designed to help protect you and your family if your ability to earn an income changes. These types of events can affect loan repayments, living expenses, and long-term plans. Therefore, insurance isn’t just an add-on; it is an integral part of your financial planning that secures your future should the unexpected occur.

Furthermore, as your circumstances change, your insurance needs can change too. Buying a home, starting a family or running a business often increases the level of protection required. At the same time, holding cover that no longer suits your situation can affect your cash flow.

Systematic revision of your insurance as part of your broader financial plan helps ensure it supports your goals and provides confidence, rather than uncertainty, and doing so in a cost-effective way.

If you would like help reviewing your insurance and how it fits into your plan, we offer free 15-minute chats with no obligation.

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