Are you adequately insured?

Underinsurance is a common issue that occurs when you have life insurance, but the coverage amount isn’t sufficient to meet all your financial obligations if the unexpected happens. This can leave you and your loved ones financially vulnerable.

 

When did you last review your insurance?

You might have some life insurance through your superannuation, but is it enough? Life changes—like getting married, having kids, or buying a home—can mean you need more coverage than before. 

Why the right amount of Life Cover matters
Having enough life insurance is essential for ensuring your family’s financial security if a life event happens to you. It helps cover daily living expenses, pay off debts, and support your dependents, ensuring they can maintain their standard of living. Life insurance can also fund your children’s education, cover final expenses, and leave a financial legacy, providing peace of mind that your loved ones will be taken care of in the future.
Seek Expert Advice  

Figuring out how much coverage you need can be challenging. An insurance specialist can help assess your financial situation, identifies potential risks, and ensure you have the right insurance coverage tailored to your needs. 

Keep Your Insurance Up to Date 

As your life changes, your insurance needs might change too. Regularly reviewing your life insurance ensures it still fits your needs and keeps your loved ones protected.

Get in Touch

Take a moment today to review your coverage and make sure you’re properly insured. Get in touch with our risk specialist advice team at SCM Insurance who can help ensure you have the right level of cover for your needs.

Nic Brian – Principal, SCM Insurance

SCM Insurance Pty Ltd is an Authorised Representatives of MBS Advice Licence Pty Ltd ABN 25 654 854 136 AFSL 536983. Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.

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