Having been in financial services for a number of years now, we’ve seen a lot. Not just in terms of different clients over the years, but all manner of reasons our clients have had to claim on their insurance policies.

Individual scenarios aside, there’s one thing that stands out every single time and it’s this: those fortunate enough to seek advice early took out Personal Protection Insurance when they were young, fit and healthy.

Typically, people tend to be reactive when thinking about insurance whereas the best thing you can do is plan ahead early! Ironically, when you’re young, fit and healthy the last thing you think about is Personal Protection Insurance. The reality is, it’s actually the best time to take it out for a few reasons, including:

  1. You’ll secure a more cost-effective premium when you’re younger,
  2. Avoid any potential health exclusions or loadings, when you are young and healthy and don’t have any pre-existing medical conditions,
  3. You will have the cover in place as you grow older and do start to experience potential health problems or suffer an accident, and
  4. Protecting your income is the cornerstone of all good financial planning.

 

Importantly, we want to stress you shouldn’t just take out any old policy. It’s important to get the right advice to ensure you have the right cover in place to protect you and your family.

Get in touch with Entourage Wealth today and we can discuss your Personal Protection Insurance options and ensure you have appropriate cover in place.