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- What if Your MoneyFitt Looked Like This? 😣
What if Your MoneyFitt Looked Like This? 😣
Lacking financial protection? Here's how MoneyFitt would help address your financial needs
What if Your MoneyFitt Looked Like This? 😣
The Importance of Insurance 🛡️
Nobody wants anything bad to happen, but you never know when the worst will happen. Insurance policies help support you, your family and your assets from financial loss in any unfortunate and unexpected events.
Actionable Steps to Take 🚶♂️
Here’s a brief overview of some of the tips that MoneyFitt would guide you if you found yourself in this situation.
Estimate Long Term Commitments 🤝
Add up current and future commitments (think mortgages, dependents, emergency fund, etc.) to decide appropriate life insurance. Use online tools for long term costs like university education.
Speak to an Expert 📲
Not feeling comfortable to decide on your own? Use MoneyFitt to reach out to a trusted, licensed professional adviser. Use the filters to find the perfect adviser for you, one who can understand and relate to your specific needs.
MoneyFitt does not charge users for connecting with advisers, nor does it take any commission from action taken through experts, ensuring a transparent and hassle-free experience.
Prioritise Speaking to an Expert About Life Insurance 👨👩👧👧
Not everyone needs life insurance, though most do for peace of mind and to care for their loved ones. It should be your priority to speak to an adviser (or decide yourself) about life insurance first to see if you need it. Critical illness insurance is more important, but find out about life insurance first, as critical illness insurance coverage can be bundled into a small life policy or can be bought on a standalone basis if you do not need to prioritise life insurance.
Choose Your Plans Carefully 🧐
Your agent may advise on convenient regular savings and investment-linked plans. However, are these best for you? Understand the costs, terms, historical and guaranteed returns of these plans thoroughly by asking your agent tough questions.
Get the Right Amount of Coverage 🎯
How much coverage do you need? To help, see our content on coverage levels for both life and critical illness insurance.
What Next? 📈
After taking the above steps and updating your MoneyFitt, you’d be likely to move up one or two levels in your insurance rating. From there, you may or may not need to prioritise insurance still, depending on how you score elsewhere. It can be stressful trying to deal with everything at once; MoneyFitt helps identify areas of priority so that you can solve your financial puzzle one piece at a time.
You can find the above steps and heaps more tools to help you achieve financial freedom in the MoneyFitt app, available for free on iOS and Android here.
To learn more about MoneyFitt and join the financial revolution, visit our website at www.moneyfitt.co.
MoneyFitt™ does not provide investment or insurance advice but arms users with the knowledge they can use to address their financial needs.
Is It Time You Became a Wiser Investor? 📝
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