The Real Value of Life Insurance

We all know someone who has had breast cancer, or had a friend or family member suffer a serious injury, or die in a car accident. The emotional and financial impact of the event is profoundly traumatic, life changing and heart breaking.

My many years of experience in the Financial Services Industry has proven to me that insurance is an integral part of your Financial Planning.

Several years ago, I rang a client to tell her that MLC were crediting her account that afternoon with a considerable benefit amount for her Critical Illness claim for breast cancer. She burst into tears and shared that the benefit had given her the will to live. The financial worries of her disease would be taken care of. I put the phone down with tears in my eyes.

This beautiful lady was a wife, mother, grandmother, and a friend to so many in our community. I’m happy to share that she currently enjoys a full healthy life and has been cancer free for more than 5 years now. A great result.

I am privileged to be a part of people’s lives when they’re at their most vulnerable and recognise that the journey starts in our very first appointment together. Most people question the value and cost of Life Insurance, yet those very same people have insured their cars and houses, before insuring themselves. What value do we put on our own lives? What value do our loved ones place on our lives? And, What value do we place on our loved ones lives? These are emotional questions as much as financial questions. There are many more questions to be asked, and a good Financial Planner will help you work through the issues to be considered.

Whatever you do, don’t put off the conversation about your needs in the event of a health or life crisis. Make an appointment to discuss your options. Financial Planners have a Duty of Care to recommend your required level of cover, but also to balance that recommendation with consideration for your capacity to afford the associated premium.

Always remember, a little bit of insurance is better than no insurance at all.