Blog Post

ARE YOU UNDERINSURED?

  • By Wayne Lennan
  • 12 Oct, 2020

Underinsuring yourself could have serious consequences for you and your family

According to research by RiceWarner, Australians are chronically underinsured.  For total and permanent disability (TPD) the level of underinsurance is more than $8 trillion and Income Protection alone is more than $600 billion.  Overall, the level of insurance held by Australians is less than 20% of their required insurance level.  

Each year hundreds of thousands of Australians suffer injuries while at work with a large majority having partners and dependants to support.  Thousands of these people are unable to return to work due to these work related injuries or illness and the financial impact upon themselves and their families is significant.

It's impossible to predict our future and our safety in our workplace.  Life insurance, TPD and Income Protection allows us to take control of that future should the unexpected happen.  Don't leave it to chance, make sure you have sufficient insurance to cover your income, expenses and debts should you be impacted by the unexpected.  

If you think you are underinsured, give Wayne at Insurance For Living a call on 0412 49 42 43 or go to our website to book a free consultation www.insuranceforliving.com.au 
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