How about a Tax Deduction that protects you and your family?

How about a Tax Deduction that protects you and your family? from Pritchard Lees

By: Pritchard Lees  05-May-2011
Keywords: Accountants, Accounting Services, Accounting & Bookkeeping Services

Income Protection Insurance:

Consider the consequences on you and your family if you were not able to work for 6 months, a year, or longer !!

How do you pay the rent, service the mortgage, pay the car lease and school fees etc. ?

Remember that Workers Comp only applies to accidents that happen while at work or related to work. What about strokes, heart attacks, cancer, prolonged illness etc. ?

If you do not have Income Protection Insurance or have not recently reviewed your cover why not do so before 30 June and pick up a very handy Tax Deduction.

It would also be a great time to review some other critical issues such as:

- Trauma Insurance:
.
Pays a lump sum when there is a life threatening event such as a heart attack or cancer diagnosis.
. Take some breathing space for recover and / or a holiday.
. Maybe payout existing loans etc.

- Life Insurance: Have a professional asses:
. If you have enough cover.
. Are there better policies at cheaper rates ?
. Is your Partner covered ?

- Insurance in Superannuation Funds:
.
Should your Super Fund Own your Insurance Policy ?
. Which policies are not tax deductible in your Fund ?
. What are the tax consequences of the Fund owning the policies ?
. There are traps for the uninformed !!

We know of too many unexpected tragedies that have left families in dire circumstances due to lack of insurance !

With the end of the Tax Year approaching fast, now is the perfect time.

Phone Rob (Lees) or Doug (Pritchard) to arrange for a no obligation assessment.

Keywords: Accountants, Accounting & Bookkeeping Services, Accounting & Tax Services, Accounting Services, Auditing, Business Planning, Chartered Accountants, Income Protection, Life Insurance, Strategic Planning, Trauma Insurance, Wills & Estate Planning

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