INSP021.docx
This more detailed article takes the reader through each decade of life and discusses what type of personal insurance might be appropriate for each stage.
Personal risk management is a critical foundation stone of any financial plan. The key personal insurances are:
• Life insurance.
• Total and permanent disability insurance (TPD).
• Income protection (IP) insurance.
• Trauma insurance.
Each of these insurances plays an important but different role in protecting you and your family from the financial consequences of death or disability, and the appropriate mix of cover depends to a large extent on where you are on your journey through life.
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