It is always a daunting and emotional time when sudden death, illness or accidents strike a family member, business associate or employees. They are rarely ever expected events and as such can be devastating on the individual or the families that they leave behind.
Once the enormity of misfortune is realised, often the individual and or their dependants are left financially crippled. Having the peace of mind knowing that your dependants have financial security in place shall something happen to you is invaluable.
We spend our lives building up for a worry free retirement, in hope that we can one day own that home or that lifestyle that we had always envisaged. Many investments we make are a long term in nature and we often live day by day premised on future earnings. Without stable income we are limited in investments we can make and hence there is no question that your life’s future earning potential is your biggest asset. To lose your future earning potential prematurely stifles your ability to pay down your liabilities and hence puts you and your family’s lifestyle and livelihood at risk.
Determining the right amount of life Insurance, however, is not a simple process. Consideration must be given to current and future needs of dependants; future earning potential; amount of investment risk willing to be tolerated; taxation of benefit payment; complexity of current investment and/or business structures, and more.
At Del Castillo Investments Corp Pty Ltd, we work closely with our clients to find a policy that suits their needs at a premium that they can afford, taking into account the investments and structures already in place.
Do not leave it until something happens - contact us today to discuss how we can safeguard your financial future and protect those dependent on you!