Before answering the question, consider the following facts:
Research has indicated that there is a greater number of accidents occurring outside of work than inside of work – 75% compared to 25%. If you heavily rely on your income to pay for your expenses, you should really consider getting Income Protection.
While putting your money in your bank and receiving interest seems to be a good idea, there are actually much more investment options out there that can provide you with a better return. At Wealth Edge Financial Services , we can guide you by exploring different investment options, and we can build an investment portfolio for you based on your investment attitude and needs.
Generally, there are four main asset classes of investment: cash, fixed interest, property and shares. Cash and fixed interest are considered defensive assets as they are less volatile. Property and shares are considered growth assets as they produce great returns over the longterm but are volatile in the shortterm. Great returns are accompanied by great risks.
Although Group Insurance is generally cheaper, it does not mean it is better than Individual Insurance. It all depends on each individual's circumstances. While holding a Group Insurance policy, it is important to acknowledge the following disadvantages:
While Industry Super Funds generally have lower fees, they usually do not have the amount of investment options that Retail Super Funds offer. This means the member has fewer investment choices. It is also generally more difficult to access independent financial advice through an Industry Super Fund. Retail Super Funds are usually able to provide insurance packages that are more comprehensive.
Wealth Edge Financial Services provides specialist financial advice in areas that include superannuation, investment, retirement planning and insurance to personal and business clients. The expertise and strategies we use are invaluable in assisting you to move from where you are today