Just imagine if the primary care provider, mum or dad, was no longer there, how would your family cope?
Spouse Insurance cover provides a lump sum payment to the surviving spouse – even if they are not working outside of the home. It’s usually a combination of both the Death and Living Insurances.
It is as important for you to consider insuring the person who looks after the majority of domestic duties, as it is for you, the breadwinner.
Did you know?
The Financial Services Council estimated it would cost the average family around $75,000 per year to pay for just the basics of the work that a stay-at-home parent performs.
Key considerations for determining the amount of cover required include:
Potential childcare costs
Housekeeper and house cleaning costs
Garden maintenance costs
Meal service costs
To discuss your protection requirements contact Kevin Bettman or book an appointment.
This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.
PrimeWealth Pty Ltd is a Corporate Authorised Representative and Corporate Credit Representative of Securitor Financial Group Ltd
ABN 48 009 189 495 AFSL 240687
ACL 240687
275 Kent Street, Sydney NSW 2000