Risk Protection is Essential
It is not an optional. You probably have insurance for your home, car and other assets (like your mobile phone).
However in our busy lives we often overlook personal insurance – and this brings the risk that you or your family could struggle financially if the unexpected occurred.
It can all change in the blink of an eye
I’m too young/healthy to consider it
The earlier in life you take out cover, the more competitive the premiums. Your health will impact whether your cover is approved and the cost, so it’s better to take out cover when you’re healthy!
I’m single/I don’t have dependents
You may not have people depending on you, but do you really want to leave a legacy of debt for your family to deal with? And unless you don’t mind couch surfing, it’s wise to have a financial safety net in case you find yourself unable to work.
I have private health insurance
There’s the cost of initial treatment then rehabilitation. Some of these might be covered by private health insurance and Medicare, but there are limits and exclusions. You are likely to need serious cash to cover the gaps which could be exceeded quickly if you suffer a serious injury or illness.