How do you know if you need life insurance?

Hi Tom, the short and sweet answer is...Do you have loved ones that you need to protect? Typically those who start to think about Life Insurance have either just got married, bought a home (so now have debt) or may have just had a baby. All three of these things can change the mind set of people (well you'd hope so to some degree).
If this is you, yes you need to look at protecting yourself.
Feel free to contact me on 0418778899 to have a further chat.

Regards,
Mark Butler
Safeguard Life

Tom, there are a range of different insurances available for different purposes. The best think is to get advice from an insurance agent or financial planner. You may require general insurances and/or advice products to create a solution best suited to your circumstances.

Let me know if you need any help. We are aligned with the QBE range of products.


John J Maxwell
Cocalex Holistic Mortgage & Finance Consulting
0434 544 225
john@cocalexconsulting.com.au

Hi Tom,

Insurance needs are different for each individual and it comes down to what position you want to leave your family in if something was to happen to you. Things to consider when choosing insurance coverage include overall debt, dependents, income, living expenses, education expenses and other factors.

You may decide to change your level of cover based on changes to your lifestyle every year. For example, if you have children and a large mortgage you may decide you need more cover. Alternatively, if you've paid off your mortgage or no longer have financial dependents you may decide that a minimal amount of cover is appropriate.

A financial Adviser will work with you to identify gaps in your current situation and make insurance recommendations on what they see may be appropriate. As mentioned at the end of the day it is up to you to decide how much you want to leave your loved ones.

If you would like a further chat about this and a complimentary risk review, please contact me on the below details.

Ronald Pratap
Principal Financial Adviser
RP Wealth Management
T: 0434 502 079
E: ronald.pratap@rpwealthmanagement.com.au
W: www.rpwealthmanagement.com.au
F: https://www.facebook.com/RPWealthManagement