A lot of Australians who buy homes don’t think it’s necessary to buy home loan insurance or any other life insurance package. For many, it turns out to be a tragic mistake.
At Smartline Rockingham, we work with a lot of young families to help them obtain home loans and help them protect their families with various forms of life insurance. When we are young, it is natural to think that the unthinkable is never going to happen to us. If you feel that way, you are not alone. By some industry estimates, Australia is the most underinsured country in the industrialised world.
However, we think life insurance is the most important thing you can ever do to protect your family. Some people think they have enough insurance in their supers to get them through. According to some research, though, the average Australian only has 14% of what they need to fully protect their families through their super.
Think of what would happen to your family if you were to die suddenly or receive a diagnosis of a terminal illness. Ask yourself the following questions. Are you the primary breadwinner in your family? Would your family be able to come up with loan repayments if you were suddenly gone? How much protection do you have in your super? Are your family members protected right now?
We Can Protect Your Family
Our mortgage brokers at Smartline Rockingham have a lot of experience in helping people protect their homes and their families. We have a selection of wealth protection products that can make sure your family is taken care of if you suddenly find yourself unable to do so.
Life insurance pays your family a lump sum if you pass on or receive a diagnosis of terminal illness. Income protection insurance can pay up to 75% of your income if you find yourself unable to work due to illness or injury. Total and Permanent Disability (TPD) insurance provides your family with a lump sum if you are disabled. Trauma Insurance, also called Critical Illness Insurance, pays you a lump sum if you are diagnosed with a covered illness such as stroke, cancer or heart attack.
To learn more, call us today: (08) 9527 1800.