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Financial Advice – why getting insurance advice is an insurance in itself


Many people see getting advice on their insurance as a luxury or and added expense in their already bulging budgets. Statistics show however, that successful claims are made up more of claimants who got advice on their cover than not. Here’s why.




Our future earnings are worth considerably more to us than any of our other assets, so protecting them is essential. Without insurance, your family might need to sell their home or other possessions to cover the costs of illness or continue on after your death.


Choosing and managing appropriate cover isn’t straightforward. An Adviser can guide you through the important steps of establishing, reviewing and claiming on your insurance.


Set up - Dealing directly with insurers can be confusing. Because they do it all the time and understand the ins and outs of the terminology and fine print, an Adviser can ensure you have the right amount of cover and engage with insurers on your behalf, to get the best cover for your own circumstance at the right price.


Review - An Adviser will ensure that you are continually covered by the most appropriate policy by reviewing your policies at times of changes in your circumstances or industry reform.


Claim - You need to claim on your policy when a negative event occurs. During this likely traumatic time, an Adviser can guide you through making a claim during this stressful period for you and your family, when the value of your insurance comes to the fore.


CoreData market research recently commissioned by Certified Practising Accountant Australia, showed that receiving professional advice on insurance resulted in benefits to clients’ physical and mental health, relationships including family and social life, as well as work satisfaction.


It’s important to know where your insurances currently stand, especially with major insurance industry changes coming in late 2021, which will severely limit life and income insurance policy flexibility and pay-out generosity. To get advice on your own insurance situation, click here to speak to one of our Advisers.

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