First Financial Services can help you plan for the financial side of becoming a parent. Contact us in Cairns on 07 4038 3333

As you move from one life stage to another your personal insurance needs will vary, change and evolve. There is nothing stronger or more compelling than the natural instinct of a parent to protect their family.

The first step in addressing your family’s financial security is to become aware of the risks you and your family are exposed to. One of the greatest risks you may face is losing your ability to provide a secure and comfortable lifestyle and future for your family.

As a ‘young family’ you have a natural instinct to care, nurture and protect those you are now responsible for, it isn’t just about you any longer. It is about your responsibilities and knowing that your family is secure in your care. You are thinking about the things you are currently providing but more importantly you are already planning what you want to provide in the future, such as:

  • educational opportunities for your children;
  • a safe and comfortable home;
  • providing a steady flow of income;
  • providing family holidays and recreational activities so that you can enjoy time together as a family; and
  • growing your savings to ensure your children have the best start in life they deserve.

As with all life stages you like to think that you will always be there for your family, you will always be able to work and provide a steady income.

It’s worth taking a moment to consider what would happen if an extended illness or injury or premature death stopped your ability to work and provide an income. This could have a devastating impact to your family’s financial security and long-term lifestyle choices. It’s hard to imagine losing your health and your ability to go to work or even to imagine losing your life but it is easy to imagine the practical impact the lack of an income would have.

The advantage of having a personal insurance plan is that you can make relatively small payments but instantly put into place a protection plan that can provide financial security that will avoid you relying on:

  • Your savings, investments and assets;
  • Government benefits which may provide relatively small levels of income; and
  • Your relatives to provide long-term financial help.

Protect what’s important. Call First Financial Services today.

What to do next

First Financial Services can help you plan for the financial side of becoming a parent. Contact us in Cairns on 07 4038 3333

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