Other savings and investments will protect me
A combination of Medicare payments and money in the bank may assist with your immediate medical bills. Yet it won’t necessarily help if you have to completely re-adjust your lifestyle over the medium to long-term, make alterations to your home and car and undergo lengthy rehabilitation.
Insurance can support you as you are restored to health so you don’t have to access your nest egg or enter into debt. Nor do you have to start saving from scratch once you are feeling better again.
Retraining
Most people don’t have the bank savings to support them long enough to allow them to retrain or learn new skills. Insurance can help with vocational rehabilitation so you can make a smooth transition to a new career after an accident or illness.
Learn more about Myths
- She’ll be right
- Insurance never pays
- It’s too expensive and too complicated
- Savings, medicare, health insurance, investments will protect me
Did you know?
Insurance is considered by many financial experts to be a fundamental part of any sound financial plan. Insuring yourself properly adequately will mean you can cope financially if the unexpected happens to you.
Taking out insurance through super can be cheaper and tax-effective.
