#5: Income Protection Insurance – Is it really worth having?

If you were unable to work and earn a living, would you be able to cover your mortgage and living expenses? If the answer is no, then securing income protection insurance should be priority consideration.

Changes to income protection insurance were introduced on 1 October 2021, and this has resulted in significant variations to policy benefits, definitions and premium amounts. Income protection insurance is a key aspect of a financial protection strategy. Now more than ever, it requires advice that closely aligns with individual needs including stage of life and level of financial responsibility so that the most appropriate policy can be selected.

If you would like further advice about income protection insurance, I encourage you to contact our office on 07 3720 1299 or email admin@wealthfundamentals.com.au

Lane Moses Pty Ltd ABN 56 092 186 117 trading as Wealth Fundamentals and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306.

This is general advice only and does not take into account your objectives, financial situation or needs, so you should consider whether the advice is relevant to your personal circumstances. You should also read the relevant Product Disclosure Statements (PDS) before making any financial decisions.

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