If you were to ask most people what their biggest asset is, chances are they’d say their house or car. Yes, they’re important assets, but the fact is that our biggest asset is our own life.
Yet while very few people would be foolish enough not to insure their homes and cars, it’s surprising how many Australians don’t have life insurance. It would be easy to retort that you can’t take it with you. But what about the loved ones who would be left behind with mortgages and other debts – not to mention a funeral to pay for. Then there are partners or dependent children who could be left in dire financial straits without your income.
Thinking about, and planning for, our demise isn’t pleasant. But it nowhere near as bad as considering the additional trauma for our loved ones if they were left in financial difficulty while also facing the grief of loss.
Mintwell Capital has life insurance experts who can advise you on the best policy for your needs and find a premium that won’t break the bank but will give you peace of mind that your loved ones won’t suffer more than necessary if something should happen to you.