facebook

Getting Income Protection Insurance was a life changing decision for this local footy legend.

financial plan for the Barretts

“I was a new business owner, and initially went in to see Julie about insurances… what I needed, what our family needed, and what was best for our future.”

Julie Nipperess drew up a financial plan for the Barretts, and set Chris up with insurances, including Income Protection Insurance.

It was a life-changing decision.

Because just a few months ago, this 31 year old father of a toddler and a new baby had an horrific accident while subbing for the local footy team. It has meant at least six months off work, perhaps longer, which could have been catastrophic financially.

financial plan

Except that Chris was insured, with his policy kicking in after the first month.

“Julie was incredible. She handled the claim for us, and ensured we didn’t have to wait an extra month for my payments to go through. It was the best thing I ever did, going to see Julie. If I hadn’t, I’m not sure what our financial position would look like right now.”

As a new business owner, Chris was initially concerned about the amount of money going out of the business on insurances. His level of financial literacy was ‘okay’ (his word) but he wanted to make sure the decisions he made were the right ones, and he needed to know he could afford it.

financial planner

“Yes it was frightening (starting the business)… I knew I had a month’s work, and I was confident in our success, but it was still nerve-wracking. I was uncertain about getting all the insurances and not being able to feed my family at the end of the day.

“As it was, had I not had the insurance, I wouldn’t have been able to feed my family.”

An injury a year into launching a new business wasn’t ideal, especially when the business was just starting to gain some traction.

“It was a big kick in the guts, not being able to work. I’ve had to subcontract work out to other local builders. I had started to get a steady constant flow of work and get my name out, but because of the injury it’s hurt the business name. When I’m back, I’ll have to start at the bottom again.”

financial planning

Not that he minds too much. With a wife, a toddler, and a new baby, Chris is far more focused on his family, and getting his arm strong again.

As while Julie was instrumental in making sure all Chris’s insurances were in place for the future, she also consolidated all of the Barrett’s superannuation… rolling over into a fund that costs far less in fees, and achieves much greater growth.

Chris is confident about their future, and knows that while he’s suffered a small setback with injury, he’s in a winning position.

…And he wakes up every day knowing he’s able to support his family, and that’s a great place to be in. But he’s pretty sure he won’t play footy again.