Borrowing money to buy quality assets without adequate Risk Insurance has weakened the foundation of many family empires – resulting in its collapse
Tip 11 – Personal Insurance
- Obtain independent advice from an experienced risk advisor prior to arranging the finance for your next property purchase.
- No matter how informed you are, and that your risk insurance is already organised, obtain a second opinion from an independent and experienced risk advisor.
- Personal Insurance provides financial protection for illness, accident, disability or death.
- The likelihood of an unwanted event during your working life is more probable than you think. Where your capacity to earn income is affected, your financial plans can quickly unravel due to the forced sale of property.
- You need to be financially secure when an unwanted event occurs, as it does every day to far too many unprepared Australians. Such insurance is mandatory in some countries