Our office recently received an email with some surprising statistics in relation to the financial planning status of an average Australian, being:
Only one in fifty small to medium Australian businesses have a business Will (succession planning etc.) and many self-employed people not having income protection in place
One in five working Australians have a personal Will and those people who do, generally haven’t updated it when circumstances change
The average life cover of working Australians is only $80,000 – very under-insured
Around 89% of people rely on their income to survive, with no investments in place
Financial planning is extremely important and you don’t have to be “old” to start organising your Will and have adequate insurance cover for when the un-thinkable happens.
The first step in ensuring that you and your family are protected is to contact your financial adviser. If you would like to speak to one of our advisers please call 07 5574 0667 to make a consultation appointment.