Insuring your greatest asset

You’ve weighed up whether a plasma TV will fit in your bedroom, and pondered how good you’d look in a ‘67 Mustang. But isn’t it time you talked to an adviser about how you’d maintain your lifestyle if you couldn’t work?

Meet Jeremy

He’s just changed jobs and is getting serious about his finances and his future. And while he’s argued the benefits of a diversified portfolio and talked up his golf swing, he hasn’t spoken to anyone about securing his financial future if something happened to him.

And while he had some insurance in his super from his previous employer, he hasn’t checked whether he’s still covered.

There is a lot at stake.

If you added up his $80k salary, he’s looking at making $5 million before he retires!

He’s insured the car and contents of his apartment, but his biggest risk is losing his greatest asset – his income.

What’s more, if he’s serious about beginning to grow his wealth, he’ll need to make sure he’s protected his ability to continue generating an income.

By giving an MLC adviser a call and talking about insurance, it’ll help him to stop worrying about what’s around the corner. And it may be cheaper than he thinks, because if he gets serious about his finances while he’s young, it’s possible to lock in a lower rate of insurance until he retires.

Have you considered…

• How much you will earn in your lifetime?
• That insurance in corporate super usually provides limited cover.
• What would happen to your lifestyle without your income?

Check out how much you and your family might need using our insurance gap calculator and future earnings calculator