Parents are shunning vital financial protection for their young families

NOBODY likes thinking about their own death, but when these thoughts translate into a lack of life insurance protection for their family it can have devastating effects.

This recent news.com.au article explores how parents may be unwittingly put their children at risk by failing to provide appropriate life insurance.

Planning for Prosperity’s Daniel Budreika is quoted as saying:

“Some cover is better than nothing so it’s worth at least investigating taking out a policy through superannuation.

However, automatic life insurance cover in super might only be $50,000-$100,000 and unlikely to be enough if disaster struck

“Think about the purpose of the cover rather than ‘do I want life insurance?’. Think about the outcomes it will generate for the family,” he said.

Read more in the original article by Anthony Keanne.

 

This information is general information only. You should consider the appropriateness of this information with regards to your objectives, financial situation and needs.

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