Insurance
Insurance is a crucial part of every well-rounded financial plan. Having sufficient insurance means that your assets are protected – and in this case your primary assets are your earning power and your ability to care for yourself and your family.
Your insurance needs are specific to your situation and your stage in life. Although ideally your comprehensive insurance package will be tailor-made to suit your requirements, it must be reassessed for each different stage in life.
When newly married with a young family, your insurance needs may be very different to what you will require when approaching retirement. As a young family you will need the security of life insurance and disability pension to ensure that your family will be able to function effectively in the most adverse situation. Your concerns as you approach retirement are directed more towards your ability to sustain your desired lifestyle, in the event that you have no salary or employment income.
At Labinsky Financial we evaluate from a different perspective how much insurance you need, in order to plan the most effective coverage. With the right insurance you can rest assured that another part of your financial plan is in place.