Risk Plan

Berkmans Chartered Accountant’s Risk Plan focuses on your financial security.  Would your family’s financial security be assured if you passed away? If you suffered a long-term illness or were disabled would your income be protected? If you suffered from a critical illness would you have sufficient savings to support yourself and your family?

If you answered ‘no’ to any of these questions you need to improve your risk planning.

You can do this in two ways:

1. SAVE – If you have enough funds to support you and your family in any of the above circumstances, insurance may not be essential
2. INSURE – If you are not in a position to support your family in the event of your passing away, or becoming ill or injured, your Risk Plan should include insurance

This is a fundamental part of becoming Better Financially Organised.

GENERAL INSURANCE

To protect your assets, apart from considering your business structure (see Asset Protection Plan) and the impact of taxation, your general insurance cover may need to be reviewed. We can arrange the review.

PERSONAL INSURANCE

The following are the main types of personal insurance that should be considered in any Risk Plan. Insuring your family’s cash flow is critical to being Better Financially Organised:

1. Term Life
2. Total and Permanent Disablement
3. Critical Illness
4. Income Protection
5. Health

Prior to purchasing any insurance product it is a requirement that you should seek advice from an authorised adviser. We can introduce you to someone whose services we recommend.

Purchasing any insurance product following appropriate advice should enhance your financial security and contribute to you being Better Financially Organised.

Contact Us at Berkmans Chartered Accountants to obtain your personalised and effective Risk Plan.

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