HOW INSURANCE WORKS
Why consider Insurance?
Insurances are designed to protect your lifestyle and family as well as your business and investment initiatives. The motivation and types of insurance will be influenced by your family’s life cycle, business and career objectives. It will also be influenced by your attitude toward risk, including your perception of the relative importance of negating risks and financial exposure.
Personal insurances involve the payment of a premium so that a separate party might assume, at a cost of that premium paid, certain risks that may be too large to comfortably carry by yourself.
Are personal insurances tax deductible?
In most cases they may be tax deductible, however this will depend on certain circumstances. It is important that you set these up and structure them correctly to ensure you are gaining maximum value from these insurance covers. Our team will help you navigate through these options and assist you structure them to best suit your personal circumstances.
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