Have you got enough insurance to protect your family and lifestyle?

Merlin Risk Wiz. Insurance Guide

With insurance, it’s good to know you and your loved ones will be financially sound if the unexpected happened.

Why do I need insurance?

The one thing you can count on in life is that things won’t always go according to plan.

So why not protect yourself and your loved ones?

Having the right insurance to cover you and your family is the cornerstone of any financial plan. It gives you certainty when you need it most.

Protecting your lifestyle

Taking out insurance – or even reviewing it – may not be a high priority for you just now.

But imagine what you could lose if things go wrong.

What if you suffered an injury in a road accident or an illness such as cancer, how would you cope then?
You may think your existing insurance inside super is enough, but it might not be.

The right insurance allows you to keep your plans, and all your hard-earned cash, even if the very worst happens.

We will help you work out the right level and types of insurance for you.

How much is enough?

When choosing the types of cover and amount of insurance, you should think about how much you actually need for your day-to-day living – now and in the future.

How much do you need to:

pay your mortgage or rent?
make credit card and loan repayments?
pay mobile, car, electricity and gas bills?
cover your child’s education costs?
pay for groceries?
pay for medical expenses?
provide an income for your family if you’re no longer around?

How much insurance do I need?

Protecting what matters most — calculate your insurance needs

Insurance Needs Calculator

Changing circumstances

One of the amazing things about life is how quickly things can change. And when they do, it’s important to reconsider your financial plans.

Whatever your new circumstances may be, there’s a good chance your insurance needs may have changed as well.

So, whether you’ve had a baby, moved home, been promoted at work or are preparing to pay your kids’ education costs, talk to an adviser about the best way to revise your insurance strategy.

Next Read: About Income protection