Have you ever wondered how your family would cope financially if you weren’t around? Life throws some curved balls at us sometimes, usually when we least expect it. That’s why it’s best to seek financial advice, no matter what age you are.
In this video (2.36), Diane from AMP explains how, after becoming seriously ill, she realised how it could affect her income and her family’s lifestyle. She sought financial advice and is now financially prepared in the event that something unexpected happens to her in the future.
Similarly, Sarah from AMP shares her experience about how financial advice helped her and husband decide to increase their insurance cover. Now they take comfort knowing that their children will be financially protected, should anything happen to them.
Most of us tend to think ‘it won’t happen to me’, but according to the Financial Services Council, Lifewise/NATSEM Underinsurance Report, 2010, one in five Aussie parents will be injured, become ill or even die before they reach retirement.
That’s why it’s best to seek financial advice, no matter what age you are.
Whatever you decide, taking an active interest in your retirement strategies today will help you plan the retirement lifestyle you want for tomorrow.