Don't Forget Mum.

Quite often the Mum’s out there take time off from their professional careers to help raise the family. Of course, this is also the case for many Dad’s out there. As this weekend is Mother’s Day, the focus should be on Mum. Being properly insured whilst working is one thing, but what about when you’re taking time off to be at home? Many insurance companies recognise the importance of “stay at home Mums” (or Dads) and essentially treat the role as a recognised occupation. And so they should. It’s one of the hardest occupations we can undertake. Being insured while you’re at home is important. Why? What if you become disable, or worse? What happens financially for you and your family then? These are things that should be considered in an insurance review. A consequence of having time off may be that returning to work may mean starting a new job with a new employer. In fact this can happen to anyone over the course of their career. One of the outcomes is a number of different superannuation funds maybe set up by various employers. This has a host of ramifications including inappropriate fund selection, doubling up on insurances and not to mention simply keeping track of them all. Part of any review process should include possible consolidation of your funds into one appropriately invested, cost effective fund. Insurances you may need are another opportunity to discuss and consider with a Financial Adviser. Be informed. Be curious. Be ready for the future you.