In life, timing counts. Who would care less if Jessie Ryder was out having a beer or two if it wasn’t for his bad timing – i.e. the night before representing his country?
In investing, timing matters. You don’t want to put your life savings into the market on one day, just to find a week later the markets head south and you lose it all (if you needed to sell immediately).
With insurance it’s even worse. You can only buy insurance before the disaster and you never know when one will strike. People think about a disaster as a fire or earthquake but in truth the worst disasters I’ve seen, are ones that impact on a person’s ability to work and earn on income.
Don’t put it off – take action! Once you’re covered, then you can forget about it and get on with enjoying your life – knowing that if a disaster did happen, you have the peace of mind of knowing you’re financially prepared.
John Barber