How Can We Help You?
It is our obligation to ensure you are protected.
As Think & Grow Finance credit advisers have worked with accountants and financial planners for many years, we have seen the benefits of being protected and we fully endorse many of these strategies.
Whether it is as simple as removing the male from the title of the family home given the perceived risks he faces as a business owner, or taking out insurance cover in the event that you cannot work, they are all positive steps to take to ensure you are protected.
As you take on more debt, it is our obligation to assess what protection you have in place and if you do not have anything, refer you to the experts in this field, being your financial planner or accountant.
Income protection / lifestyle protection
Most people insure their $10,000 car but do not insure their most important asset themselves, and their ability to earn millions of dollars in income over their working life.
Lifestyle protection cover is a policy that you can take out to cover yourself in the event that you are incapacitated and unable to work. In many cases this policy will pay you around 75% of your salary, up until age 60. The policy is generally tax deductible and can sometimes even be paid out of your superannuation.
Home loan protection
Home loan protection is a policy to help you or your family meet your home loan commitments and is a rather inexpensive type of policy. In general, the policy will pay a lump sum if you are diagnosed with a terminal illness or pay a monthly amount if you cannot work due to injury, illness or involuntary unemployment
Speak to your financial planner/adviser about these policies and how they can assist you. If you do not have a financial adviser, we can provide you with a number of experts in this field.