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“Money doesn’t grow on trees.” Did your parents have to repeatedly remind you of this when you were coming up?
As children we somehow believed it was all too easy for our parents to buy everything from clothes and our education to food and still have enough left over to take fortnight-long holidays.
The big secret that awaits us all as we mature is that both earning and saving money is anything but easy. Having a good education and a solid career are only half of the equation.
Understanding how to protect the hard-earned money we make isn’t something taught at university. Whether it’s income, your property—whether your residence or an investment, your family or a business you own, protecting your family and you in the event of both the expected and unexpected is something all of us should consider doing.
There are many types of Protection policies available, however at Synergy Finance, these are the three we specialise in:
Income Protection
Life … happens. Some things are well within our control, but oftentimes events can blindside us, such as an accident, unplanned surgery or a long-term illness. Worry over money whilst you’re unable to work should be the very last thing on your mind. With the Income Protection policy, up to 75 per cent of your salary is safeguarded and available when you need it most. Don’t let life’s unexpected turns allow you to fall behind in your mortgage, utilities or any of your day-to-day expenses.
Ask us about our Income Protection and put your mind at ease.
Mortgage Protection
Young, middle-aged or later in life, owning a home offers not just a roof over your head but security for you, your spouse and/or family. For many, owning a home “free and clear” isn’t an option.
Prior to obtaining a mortgage, many banks require buyers to obtain a mortgage protection policy. This eliminates the outstanding balance in the event of death, loss of job, unexpected hospitalisation or illness, which in turn leaves survivors with a house that’s fully paid for.
Once very costly to buy a mortgage protection policy, over the last five years prices have come down considerably. If you already own a home and have a policy with another company, a thorough review of your policy may yield significant savings. If you are a first time buyer, we can discuss the best way to protect you and your family for whatever the future may hold.
Life Insurance/Protection
Although a very uncomfortable topic of discussion, death … happens, leaving survivors to grieve. Whilst this is inevitable, adding to their inextricable pain is the last thing any of us wants to do. By purchasing life insurance, you can consider this your last parting gift. Allow your loved ones to pay off debt, outstanding college loans and/or tuition or take a leave of absence to help ease the suffering—without worry about accumulating more bills.
We can never know what lies around the next corner, but we can protect what we have and leave our loved ones comfortable and worry-free.