Does my personal insurance need a check up?

If you score “Greens” for 1-3 questions – some of your financial affairs appear OK – good to have a general check with us. If you score 4 “Reds” or more – RED ALERT – you and your family appear exposed.

• I have drafted a Will to distribute my estate to my loved ones
• I have full faith that the public hospital system will be able to provide full care for me when I need it
• I have hospitalisation and surgical insurance coverage that can provide for my hospital bills without any out-of-pocket expenses
• I have funds (i.e. assets/cash equivalents/income protection/mortgage repayment insurance) to provide for expenses if I can't work for 6 months
• I am able to manage my expenses for at least six months if I were to have a trauma such as a heart attack or cancer
• My day-to-day living expenses and ongoing bills would be taken care of if I suffered a disability and could not work again or for a few years
• My house will be fully paid-up in the event of my death or disability
• I have life insurance and disability insurance coverage of at least 10 times my gross annual income

Does my business insurance need a check up?

If you score “Greens” for 1-3 questions – some of your financial affairs appear OK. – good to have a general check with us. If you score 4 “Reds” or more – RED ALERT – you and your business appear exposed.

• My business will continue to trade if I become sick, disabled and unable to work
• My personal guarantees for business loans and overdrafts are covered if I am unable to work
• My business has emergency funding to recruit replacements for our key people if they are unable to work
• Future control of the business will stay with those I choose /in the business if one /more of the shareholders becomes disabled
• My income is covered if I become unable to work