Personal Risk Insurance – What Is It and Do You Need It?

Life insurance isn’t a sexy topic – but it’s not about you, it’s about those you care about

It’s definitely not a dinner-party conversation starter but the truth is, many of us will suffer from a major medical crisis or worse. Is your family protected in the wake of the unexpected?

With so many life insurance choices, what’s right for you?

The range of insurances available are extensive and the conditions often complex. And there is no ‘one size fits all’ solution – personal risk insurance should be worked out in conjunction with your overall financial planning strategy.

How do you know if you need income protection insurance, trauma or crisis insurance, total and permanent disability insurance, child cover or parent cover?

The list is endless.  

Where are your greatest risks and what do you really need when the unexpected strikes? This is where come in.

Just what is personal risk insurance?

Personal insurances are designed to ensure that both your family and your lifestyle are protected if something were to happen to you.

None of us know what tomorrow will bring. But we can relax knowing that, if organized correctly, you’ll be taken care of if they unexpected happens.

We insure our house. We insure our contents. We insure our cars. It’s become standard in society to insure our ‘stuff’ – but what about those who are most important?

When faced with making tough decisions about your family’s health and wellbeing, do you really want to be handcuffed? Because the last thing you want to be worried about is money.

Types of personal risk insurance

If you’ve developed a wealth creation plan , you need to put protections in place. Here are some of the basics

Total and Permanent Disability Cover, & Trauma Cover Income Protection Insurance
We never plan for medical emergencies and unplanned medical conditions are clearly that – unplanned. Associated costs can quickly spiral out of control, and insurances like Total & Permanent Disability Insurance and trauma cover can significantly alleviate the financial burden of an unexpected medical condition or emergency. Income protection insurance gives you peace of mind that, should you be unable to work for a long period of time, you’ll still receive a regular income that will cover your day-to-day living expenses. 

How many of us could survive for more than a month or two without our salary or a regular income from our business?

Life Insurance Child cover and parent cover
In the event of your death, how will your family be cared for financially? While grieving, the last thing you need to worry about is how to pay the bills. 

Life insurance can help your family to completely pay off your major debts, such as mortgage and car repayments. It can remove the stress of paying for bills and other ongoing living expenses during a challenging time.

We never want to think about losing a child or having them suffer an illness or injury. And if the worst happens, child cover insurance supports us while we grieve. 

Insurance is certainly a backup and something we never want to use. But, particularly in circumstances as devastating as losing a child, having the space to learn to live and cope again really is truly invaluable.

Total and Permanent Disability Cover, & Trauma Cover
We never plan for medical emergencies and unplanned medical conditions are clearly that – unplanned. Associated costs can quickly spiral out of control, and insurances like Total & Permanent Disability Insurance and trauma cover can significantly alleviate the financial burden of an unexpected medical condition or emergency.
Income Protection Insurance
Income protection insurance gives you peace of mind that, should you be unable to work for a long period of time, you’ll still receive a regular income that will cover your day-to-day living expenses. How many of us could survive for more than a month or two without our salary or a regular income from our business?
Life Insurance
In the event of your death, how will your family be cared for financially? While grieving, the last thing you need to worry about is how to pay the bills. Life insurance can help your family to completely pay off your major debts, such as mortgage and car repayments. It can remove the stress of paying for bills and other ongoing living expenses during a challenging time.
Child cover and parent cover
We never want to think about losing a child or having them suffer an illness or injury. And if the worst happens, child cover insurance supports us while we grieve. Insurance is certainly a backup and something we never want to use. But, particularly in circumstances as devastating as losing a child, having the space to learn to live and cope again really is truly invaluable.

Why Creo Wealth for personal risk insurance?

Because we’re people, just like you. We’re parents, children, and the family breadwinners. We know the value of life, and how much there is to lose. 

Working with us, you’ll benefit from a team committed to finding you the personal risk cover you need, and nothing you don’t. We’ll make sure you’re not under-insured and you’re not over-insured. We don’t want you paying more than you have to – our goal for you is to create wealth, with personal risk insurance designed to protect it. 

If you’ve ever thought about insurance – if you insure your home, contents or car – then today is the day. Call or email our Penrith-based team now. Because it’s time to insure what matters.

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