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Small Talk - You're the real asset - Big Sky Financial Solutions

Small Talk – You’re the real asset



There are those little things in your life that you perhaps didn't think were important to your finances. Or didn't realise they could make a difference to your situation, with a little piece of advice.

If you read one of these articles and want to know more, you should call us. Having an obligation - free Small Talk with one of our financial advisers could help you make a small but important decision. The size of the issue isn't important to us; making an impact on your life is what matters.

You’re the real asset


This month, it seems like a good time to talk about insurance. Given the widespread, unexpected natural disaster that has unfolded across a number of States, we can only hope that flood - affected people are adequately covered.

The impact from unplanned events can be big – for you and your family. And while your home and contents are significant assets you definitely need to cover, there’s an even bigger asset to consider - you.

Your ability – and perhaps that of your partner - to earn an income is your greatest asset over the term of your working life. If you don’t believe this, just look at what happens to people who are forced to stop working – through illness or injury – and who have no other way to continue their lifestyle.

Your small decision


One small decision you can make to protect this real asset is through a type of insurance called ‘Income Protection’. Premiums are generally tax - deductible, or they can be paid for out of your super. The cover pays you up to 75% of your current gross income.

More importantly, it allows you to maintain your current lifestyle and pay your usual debts so you don’t have to dip into savings or compromise your investment plans. It’s a small decision that could save you big time.

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