One of the things that COVID-19 can teach us is that no one is immune from adversity.

Insurance can be one of the best investments of your life, if it means financial protection against adversity, and a touch of certainty in an increasingly uncertain world. Now is the time to review your cover and crisis-proof your protection.

Life, TPD and Income insurance are particularly worthy of scrutinisation at this time.

No policy is the same. Factors such as age, history, income and assets come in to play. The best approach is a full tailored review of your needs. When your needs are clear, the right policies become apparent.

COVID-19 has put a lot of insurance terms into question. Does your current life insurance policy cover you for COVID? Depending on your travel history, it may not. It is likely that the current pandemic will influence a change in terms down the track too.

Insurance is rarely an ‘off-the-shelf’ purchase. A thorough approach up front, combined with regular reviews as your situation and needs change, will help give you peace of mind by ensuring you and your family are comprehensively protected.

Written by Ed Lok, Financial Planner.