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Securing finance to buy a property is an exciting achievement. It can open the door to a world of new experiences. We want you to enjoy every moment of these new experiences.
It's part of our expert advice to recommend Lifestyle_ to protect your lifestyle and your assets.
The Lifestyle_ and Five Finance Partnership
Lifestyle_ is joint venture between two of Australia's most trusted insurers, Allianz and TOWER. We have partnered with Lifestyle_ because we believe protection is an essential part of making the commitment to take out a loan. We also believe the Lifestyle_ protection suite will satisfy your protection needs which are particularly unique as you go through the loan process.
We are authorised representatives for Lifestyle_ and have undergone regulatory training to gain the knowledge and expertise to offer you a tailored protection solution. For the life of your policy Five Finance will be your protection partner. For your convenience, we can answer any questions you may have and speak to your insurers on your behalf
7 out of every 10 Australians are underinsured. That means only 30% of Australians have enough protection in place.
Underinsurance means a person has protection but it is not enough to cover the full cost of the asset lost. Being underinsured can result in significant financial pressure if one of your assets were to be damaged or your lifestyle impacted by illness or injury.
With such a large number of Australians significantly underinsured, it is important to look at your own situation when you secure your property finance.
Why Protection?
Securing finance to purchase a property is a time when you'll make some major reassessments of your finances. This is the perfect time to have Five Finance look after your current protection needs and to consider new aspects of your life that may need protecting.
Purchasing a property is about building a future for yourself and your family. Lifestyle_ protection looks after your investment and effectively looks after your future. If you're an investor, you need protection to look after your ability to reach your wealth creation targets. If you're a first home buyer, you need protection to look after your ability to build a sanctuary for your family.
Some statistics
60% of Australian parents with dependent children do not have enough life insurance to look after their loved ones for more than one year if they die.
96% of women will survive at least one year after diagnosis with breast cancer, and almost 87% will survive five years or more. But survivors can experience a range of difficulties, ranging from physical limitations to psychosocial problems which may prevent them from earning an income.
1.4 million Australians can't live a full life because of disability caused by cardiovascular disease.
More than 70 cars are damaged in car park incidents per week!
Some statistics
Life & Disability Protection_ protecting yourself
Life cover_ your family or estate will receive a lump sum payment that can be used to protect their ability to continue your legacy and build upon what you've started.
Disability_ you will receive a monthly payment, protecting your ability to continue to earn money and maintain your lifestyle if you can't work because of illness or injury.
Asset Protection_ protecting your belongings
Home building_ protecting your ability to make future repairs or rebuild completely, if anything were to happen to your largest asset
Home contents_ protecting your ability to replace lost, stolen or damaged belongings in the future
Landlords protection_ protecting your ability to make future repairs and continue to build value into your investment
Car protection_ protecting your ability to go places and get back on the road fast if anything were to happen to your mode of transport
Caravan/Boat/Trailer_ protecting your ability to maintain your leisure pursuits and 'toys'
Some helpful links
Find information about the Lifestyle_ protection suite including the Product Disclosure Statement (PDS) and other relevant documents. Click Here
Learn more about protection with ASIC Financial tips and Safety Checks. Click Here
Gain financial knowledge and confidence with Investment and Financial Services Association. Click Here
Reliable, expert protection advice from Choice, the Australian Consumers' Association. Click Here
Your Health: A report on the health of Victorians, 2005. Click Here
More information about why you should have protection. Click Here
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