• Insurance Basics

    Insurance Basics

    There’s no harm in hoping for the best as long as you’re prepared for the worst (Stephen King)

Insurance basics

So often we insure our possessions like our house or car but we forget about what matters most to us - our loved ones and our lifestyle.

Everybodyís circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your life. So itís also important to continue to review your insurances once they are set in place.

Personal insurance provides protection against sickness, injury and death, and includes:

Life insurance

Life cover allows you to provide financial security and peace of mind for your loved ones when you no longer can. The proceeds from life cover can assist with paying down debts, supporting any financial expenses including ensuring minimal impact to the lifestyle of those that are most important to you.

Total and Permanent Disability (TPD) insurance

TPD will pay a lump sum in the event you are no longer able to work due to injury or illness. This payment will give you better options to live a better quality of life if you are permanently unable to return to work.

Trauma insurance

Trauma (also known in some instances as Crisis Cover) generally offers a lump sum amount in the event that you suffer or are diagnosed with a serious illness. This allows you some financial relief to cover your bills and allows you to focus on whatís most important - recovering from the illness itself.

Income Protection

Income Protection provides you with a monthly income in the event you are unable to work due to an injury or illness. This means that you can continue to live your life and focus on recovering rather than having to worry about how to make ends meet.

At LFS, we can help you understand all the basics of insurance, consider what type of cover is necessary for your circumstances and how much cover you should consider. Contact us today for a complimentary and without obligation initial consultation to discuss how we can help.

LFS Advice Solutions

Life is Better With A Plan

337 Ascot Vale Road
Moonee Ponds Victoria 3000

Phone: 03 9278 5777
Fax: 03 9278 5799

clientservices@lfsadvice.com.au

PFG Global Pty Ltd

PFG Global Pty Ltd as trustee for PFG Financial Services Trust (ACN 161 691 103) trading as LFS Advice Solutions and LFS Lending authorised representative and credit representative of AMP Financial Planning Pty Ltd. Australian Financial Services Licensee and Australian Credit License 232 706

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