Protecting your most valuable asset – Your ability to earn an income!
As an insurance specialist, I certainly didn’t need to be reminded, but a back injury I suffered in early April reinforced again the fact that one’s health and ability to earn an income is your most valuable asset.
Income insurance works when you can’t
For a period of over four months, the pain was at times, excruciating. The fact that I was still able to function gingerly, meet clients, prepare reports and continue my insurance business and earn an income – helped by painkillers – was a blessing.
But if I was employed in an occupation that required physical labour, involved climbing up ladders, painting on trestles, installing TV aerials, panel-beating or mechanical repairs, carpentry and the like, there is no way that I would have been able to function. And that would have meant no income for over four months.
Could you survive without any income for four or more months?
Income insurance covers illness, ACC doesn’t
Some people might suggest that “It’s OK, ACC will cover me if I can’t work.” ACC may cover you if you are incapacitated as a result of an accident (and ACC accept your claim), but it will NOT cover you for illness. For this reason, it is essential to give serious thought about protecting your ability to earn an income before an event happens which stops you from working for an extended period of time. There is a wide suite of suitable insurance products that can provide protection when you can’t work.
Insurance specialists tailor a plan for you
This is where the benefit of working with an insurance specialist comes through. We have an in-depth knowledge of the insurers and the range of products available in the market. It’s our job to work with you to come up with a plan that provides you with security and peace of mind for you, your family and your business.
Keep in mind also that, over time, one’s personal situation, risk exposures and family protection needs can change. If you presently have insurances in place, a periodic “warrant of fitness” insurance review is an important way to identify such changed needs and to make any appropriate amendments to one’s insurance covers.
We’ll find your sweet spot
All insurance companies have their specific “sweet spots” – it’s the insurance specialist’s job to find the best “sweet spot” for you in terms of the type, quality and level of cover, as well as – of course – competitive cost!
It’s what I do!
Theo Simeonidis is a Registered Financial Adviser, living and working in Millwater, and specialising in personal and business insurances. He is also able to provide a one-stop-shop for fire and general insurances. For assistance on any personal or business insurances, Theo can be contacted on 027 248 9320 or 09 528 8724 or email email@example.com. Any such assistance is provided on a free, no-obligation basis. A disclosure statement is available free of charge on request.