Insurance ServicesPROTECT YOUR GREATEST ASSET - YOUR INCOMEWhat is your most important asset? Your home and its contents? Your car? Your boat ? Most people insure these assets. 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 aged 35 and earn $60,000 pa, you could earn almost $4m (assuming salary increases by 5% pa) before you turn 65. Isn’t that worth protecting ? Certainly worth a lot more than the family home, contents or car. At Josman Financial Group, we believe that the first step in any financial plan is to protect the foundation of your wealth creation – your ability to earn an income. Remember, we rely on our income to service debt, maintain lifestyle needs, create wealth and fund our eventual retirement. HOW DOES THE STRATEGY WORK?If you suffer an illness injury and are unable to work, income protection insurance can pay you a monthly benefit ( up to 75% of your pre – tax income) to replace lost earnings. You can choose from a range of benefit payment periods, with a maximum cover generally up to age 65.The insurance premiums for income protection policies are tax deductible, base on current tax laws. So why not transfer this risk to a large insurance company so that you can concentrate on building wealth for you and your family. Call the team at Josman Financial Group on 1300 567 626 today for an obligation and cost free appointment to ensure that you are not exposed to the threat of potential financial hardship. CRITICAL ILLNESS/ TRAUMA - THE FACTSOnly about a third of men and just over half of woman will be free of critical illness before turning 70. More than one in every three males and close to one in every four females will suffer from some form of cancer (males most common prostate and melanoma and female most common breast and cervix) before they turn 70 - of which 350,000 new cases are diagnosed in Australia each year. These are sobering facts, and they are a reminder that life can often throw in a few curve balls. No one expects an unforeseen illness occurring – but what if something did happen? How would you and your family cope financially? HOW DOES THE STRATEGY WORK?Trauma insurance pays a lump sum on the diagnosis , or occurrence, of one of a list of specific injuries and illnesses ( up to 40 different conditions) such as cancer, heart attack, stroke and coronary artery disease. The payment can be used for any purpose including paying for medical costs, provide for lifestyle changes, provide for necessary professional care at home, repay large debts such as mortgages and allow you to make lifestyle changes, such as reducing work hours , by providing additional income. For an obligation and cost free appointment, call the team at Josman Financial Group on 1300 567 626 to ensure that if you were to suffer a heart attack, you would only lose your mortgage and not your house. ELIMINATE DEBT AND MAINTAIN DEPENDANTS LIFESTYLE - ON DEATHIf you’re like most people, you’ve used debt to finance a range of lifestyle purchases, including the family home. However, if you die, the loan repayments will still need to be made, even though the salary your family has relied upon is no longer available. Your loan documents may even contain a clause that requires immediate repayment if you die or become disabled. However , sometimes this is not feasible and the only option is to “fire sale” the underlying asset to repay the lender. While no amount of money can ever replace a loved one, it can provide the surviving family members with financial security at a time when they are at their most vulnerable. Whilst debt clearance needs to be addressed, it is also important that you consider whether your family will be able to meet their ongoing expenses, including toys, school uniforms and the latest sneakers on top of the regular phone, electricity and petrol expenses. HOW DOES THE STRATEGY WORK?Life insurance pays out a lump sum upon death or diagnosis of terminal illness. It is generally used to extinguish and pay out debts and provide an asset to generate future income for your dependants. How much life insurance is needed to adequately care for your family after your gone will depend on a number of factors including :
To determine how much cover you require, call the team at Josman Financial Group on 1300 567 626 for an obligation and cost free appointment. Make sure that your assets will be passed onto your family members in the event of your premature death. Click here to contact the team for your obligation free consultation. LOCATION
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