If you’re employed or self employed, you should consider lncome protection Insurance.
By using this strategy you could:
Many people insure their home and contents. even their life. Yet. all too often, they don’t adequately protect what is potentially their greatest asset – their ability to earn an income.
Think about it this way. If you are unable to work for an extended period due to illness or injury, how will you meet your mortgage repayments and other bills and expenses? Without an income, you could run down your savings very quickly and face financial difficulty.
Rather than putting your family’s lifestyle at risk, by taking out Income Protection insurance, you could receive a monthly benefit of up to 75% of your income to replace your lost earnings while you recover
Most Income Protection policies offera range of waiting periods before youstart receiving your insurance benefit(with options normally between 14 days and two years).
You can also choose from a range of benefit payment periods, with maximum cover generally available up to age 65. A financial adviser can help you determine whether you need Income Protection insurance. They can also review your insurance needs over time to make sure you remain suitably covered. If you’re in any doubt about the importance of protecting your income, the table below shows how much you could earn by the time you reach age 65.
For example, if you are currently 35 and earn $80,000 pa, you could earn around $3.8 million before you turn 65. Isn’t that worth protecting? To estimate your future earnings capacity, a calculator can be accessed at mlc.com.au
|Current income (pa)||Age Now|
|Assumptions: Income increases by 3% pa. No employment breaks. Figures rounded to nearest $10,000.|
Kirsten and I want to thank you for your effort in securing finance for our new home. You worked in a professional and timely manner and communicated clearly so that we knew exactly what we needed to do. The result has been a successful settlement and we are extremley happy in our new home. I will have no hesitation in recommending your services to friends and colleagues who are buying a new home.
Thank you so much for your advice and assistance with all the paperwork. I’m very happy in my new home. I appreciate your help.
Successful investing is not just about the allocation of your funds. It is about finding the best team to assist you get where you want to go. In mortage broking Tracey from my experience, is the best, because she treats her clients as individuals, understands their needs, and works hard for a solution. A rare breed!
I found the service excellent, nothing was too much trouble for the representative. Very friendly, helpful and explained things very well. I would recommend them to anyone looking to getting their first mortgage or make changes to their current one.
I recently registered a mortgage through you, however this is not the whole story. Being self employed it was difficult to provide the banks with all the information they ask for, as one could well imagine. LoanCom Australia made several visits to my office, some at short notice. To make things worse it appeared at the time that they weren’t going to get a deal in spite of all their efforts. Nevertheless to their credit they persisted and the mortgage was registered. I write this short letter to…
Actually you could write any wonderful thing that you would like to about LoanCom Australia and the process of obtaining finance. I have just looked over the emails that have passed between myself and LoanCom Australia over the past few weeks and my overall impression is one of their professionalism, empathy and understanding. At various times when the bank was seeking further information, LoanCom Australia was able to help us to meet the requirements. They were always patient and looking for op…
Hi, I just wanted to let you know how appreciative Hermione (Harry) and I are of all your efforts in regards to arranging our finance for our new house in Mosman Park. Thank you for taking the extra time to explain the processes with us and a huge thanks for always keeping our best interests in mind. To have someone like yourself looking after us and always keeping us informed made the transition period between houses so much easier than it could have been. Your continued support is just awesome…
Having only recently moved to Perth and being unfamiliar with the property market in WA, we found that the services provided by LoanCom Australia made the whole rigmarole of selecting and securing a loan for our property surprisingly painless. You provided us with clear and informative advice, regular communications as to progress and followed-up after settlement to ensure that everything had proceeded as planned. Overall we really appreciated your friendly but entirely professional business acu…
Please accept my sincere thanks for your assistance in obtaining car finance. As you aware, it was extremely time consuming for me to run around and compare even a few of the many options for finance available to me. Your services enabled me to obtain this information following one interview at a time and place convenient to me. I also appreciated your assistance with guiding me through the process, and answering all my questions in a prompt and professional manner. I would not hesitate to recom…
I would also like to thank you for putting us onto LoanCom Australia. We are both VERY pleased with the level of customer satisfaction and are looking forward to doing business with them again. Apart from being a pleasant to deal with, they were also very helpful in many areas that the other mortgage brokers are not.