While no one likes to think that something might happen to them, or their family, it’s always best to be prepared for the unexpected.


Think about the risks that you face in everyday life. There are risks that we can’t remove entirely. However, for a lot of risks that we can’t eliminate, we can mitigate their impact by taking out suitable personal insurances.


If you don’t have adequate insurance, an unforseen death or illness could have severe consequences for you or your family. What would be the impact on your family if:

+ your income was to stop, or 

+ you were unable to work for an extended period of time?

How would you pay your mortgage and meet your other living expenses, if your income was to cease?

You could struggle to make ends meet and run down your savings very quickly.


In a recent survey, 46% of Australians admit that they live ‘pay cheque to pay cheque’ including: - 1 in 4 households earning over $150,000 pa, and 1 in 5 households earning over $200,000 pa.1


A financial adviser can help ensure you have the right insurances in place to help protect your family’s lifestyle. The first step is having the conversation.

1. Research conducted by IPSOS on behalf of MLC in August 2015 and published in February 2016 in ‘Australia today – Part 1: A look at lifestyle, financial security and retirement in Australia’.


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+You may already have insurance through your employer or your super fund. Even if you have existing insurance, it’s always good to review what you currently have, to ensure that it’s adequate to meet your needs.

+Everyone’s needs are different and the types and amounts of insurance that are appropriate for you may not be appropriate for someone else. It’s important that what you have in place is tailored to your needs, and that you review what you have on a regular basis, as your circumstances may change.

+How much will it cost? There are a range of factors that influence the cost of insurance, including your age, gender, occupation, and your medical or family history. It may be cheaper than you think.


Important information and disclaimer

This publication has been prepared by GWM Adviser Services Limited (ABN 96 002 071 749, AFSL 230692) (‘GWMAS’), a member of the National Australia Bank group of companies (‘NAB Group’), 105–153 Miller Street, North Sydney 2060. Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Accordingly, reliance should not be placed on the information contained in this document as the basis for making any financial investment, insurance or other decision. Please seek personal advice prior to acting on this information. Information in this publication is accurate as at 1 October 2017. While it is believed the information is accurate and reliable, the accuracy of that information is not guaranteed in any way. Opinions constitute our judgement at the time of issue and are subject to change. Neither GWMAS nor any member of the NAB Group, nor their employees or directors give any warranty of accuracy or accept any responsibility for errors or omissions in this document. Any case studies in this publication are for illustration purposes only. Any investment returns shown in the case studies are hypothetical examples only and do not reflect the historical or future returns of any specific financial products. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent. A138936-1017 GWM Adviser Services Limited (ABN 96 002 071 749, AFSL 230692). A member of the National Australia Bank group of companies.


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