Many of our clients would have heard this story from Brendon’s (Dad’s) perspective; however, here’s my perspective, his daughter. When I was 13 years old, with a 10-year-old sister and 7-year-old brother, Brendon (our father) had open heart surgery. A surgery that took him out of the workforce for months. Unbeknownst to us kids, Mum and Dad had decided, following a consultation with a financial advisor, to protect their most significant asset, their ability to earn an income! The 3 of us were in private school, me at St Rita’s College and my siblings at St Dympna’s Primary School, when Dad was booked in for open-heart surgery. Mum was still working part-time, predominantly during school hours. They had a mortgage and the usual bills to pay (given he was still under 40 years old at the time). None of us expected this, and I still remember the day Mum and Dad sat us down and told us that Dad was having heart surgery. They had even been given one of the surgeon’s heart models to explain to us what was happening.
Firstly, you’re worried about Dad getting through surgery, even at that age, you know, heart surgery is big! But then the reality of everything else sets in, we knew how hard Dad worked, and that was what paid the bills. What was going to happen with the house, bills, and school?
This is where the insurance came in! Dad was paid a trauma payout, which covered the out-of-pocket medical bills that health insurance didn’t cover and gave them a little extra savings. Then there was the income protection; months of rehab for Dad gave them peace of mind that he still had an income coming in to support our family. It is for this reason that we partner with Fast Track Wealth Services to offer this same guidance and service to our clients.
You work hard to build up a house and lifestyle for yourself and your family. Let’s protect it together!