Insurance

Personal insurance refers to insurance policies that you take out on yourself, your life and your ability to earn an income. It provides protection and peace of mind against events like sickness, injury and death and is designed to ensure that you will continue to be able to meet your financial commitments and lifestyle requirements.

MBC Wealth will work with you to determine your life insurance requirements and ensure the right solution for your situation. There is no one product or solution that suits everyone. Every situation is unique and we will work with you to accurately assess your insurance needs. We will provide you with a number of options to meet your current and future financial goals.

Life insurance needs to be an integral part of your financial strategy. If one thing in life is certain, it is that nothing is certain. Life can change in a matter of seconds which is why it is so important to have the life insurance coverage that you and your family need - for now and in the future.

Everybody's circumstances are different. Just because you are young or single, does not mean that you can ignore your insurance needs. Insurance needs will change as you move through life stages - the amount you need will change as your life changes.

Types of insurance

  • Life insurance 
  • Total and permanent disability insurance 
  • Trauma insurance 
  • Income protection

How much cover do I need?

  • Things to consider include: 
  • Your current level of income; 
  • Your current and future expenses, including education and medical; 
  • Your current level of debt; 
  • Whether you have assets to sell;
  • Married or de facto, number of dependents

Seek professional advice

Professional advice will ensure that you get the right amount of cover. It is a common mistake to get too much, or too little and the result can be devastating. Your insurance professional can also assist in determining your current and future financial needs.