What’s your most valuable asset?

Many people may say their house.

However, how does that compare to 20 or 30 years of your income lost due sickness or death?

If you are 40 years old and currently earn $80,000 a year and intend or need to work to age 65 you would have earned $2.0 million (or $1.6 million to age 60). This simplistic calculation doesn’t factor in any pay rise, promotion or even cost-of-living indexing. Financially, to your family your life is worth $2.0 million.

When you are single and young insurance seems irrelevant.

However, if you have a family with young children and even more so if you also have a mortgage the effect of losing breadwinners or carers to the family due to death or incapacity to work, is likely to result in great financial hardship for the family. Who will pay the mortgage? What about the private school education or other opportunities that you planned for the kids?

You wouldn’t dream of not insuring your house or your car, so why would you not insure your most valuable financial asset – you?

Griffin Financial Advisory Pty Ltd are professionally trained to advise on your personal insurance needs covering income protection insurance, life insurance, TPD insurance and Trauma insurance.

We can also offer Financial Planning services that includes

  • Debt      Management through access to very competitive rates: Current variable home loan rate is 4.68% as at 25 October 2013 from a 100% owned NAB white label brand
  • Wealth Creation
  • Retirement Planning for the long and satisfying third stage in your life
  • Estate Planning to ensure the right assets move to the right hands at the right time tax effectively

For more information phone Kevin Griffin on 02 8901 4885 or 0419 998 655.

The first meeting is at our costs. It provides us with an opportunity of understanding your situation and how we can help you with your family financial goals.

For more details see our website at www.griffinfinancialadvisory.com.au