Do you have the right insurance cover in place?  Here are 10 questions to ask yourself;

1. Does your income protection policy still reflect the income you are currently earning?

2. Will your house insurance pay you enough to rebuild your house?

3. Will your life insurance pay off all your debts and be able to support your dependants if you are no longer around?

4. Has your car been modified in any way?

5. Have you recently installed security devices or extra locking systems on your home that could reduce your premium?

6. Have you discussed the benefits of Trauma cover with your adviser? It generally pays out a tax free lump sum on diagnosis of 50 or more conditions depending on the type of policy.

7. Have you changed jobs and not informed your insurance adviser that your new occupation is less risk or you no longer perform manual work. These changes could reduce your premiums!

8. Assignment of a personally owned insurance policy into a DIY super fund is not allowed.  This ‘in specie’ transfer could render your fund ‘non complying’.

9. If you have given up smoking for more than 12 months you could change your policies to non smoking status and save substantial premiums.

10. Changing jobs, moving home, refinancing or birth of a child are some common “Trigger” events that should prompt you to review your insurance cover. There are many different choices of insurance and it pays to have a specialist analyse your needs and find the most cost-effective solution for your circumstances.

For more information, please contact us.