Do you have your protection portfolio in place?
Wait, what is a protection portfolio??
I was just like you
The 4 pillars to a protection portfolio foundation
-Life Insurance
-TPD (Total and Permanent Disablement)
-Trauma Insurance
-Income Protection
You may have some of these already in your superannuation (Australia) but the actual figure may not be enough.
Like I said, I was just like you. I didn’t really check if we had enough or any cover if I were to pass away or unable to work. My wife would struggle with bills and repayments such as the home loan, personal loans, car loans, credit cards and others you may not think of such as you children’s education for the next 12 years....