Did You Know?

• For every one home lost through fire, 4 are lost through death and 48 are lost through sickness and disability.
• Most people would never think of travelling without insurance, yet nearly 95% of Australians with dependant children lack adequate life cover.
• Around 3.67million Australians are affected by cardiovascular disease.
  (Source: Australian Institute of Health and Welfare (AIHW) 2004. Heart and stroke vascular diseases – Australian facts 2004 AIHW Cat.No. CVD 27)
• For a 40 year old, the risk of having coronary heart disease at some time in their future life is 1 in 2 for men and 1 in 3 for women.
  (Source: Australian Institute of Health and Welfare (AIHW) 2004. Heart and stroke vascular diseases – Australian facts 2004 AIHW Cat.No. CVD 27)
• The number of heart failure deaths is 1.7 times higher in women than in men
  (Source: Australian Institute of Health and Welfare (AIHW) 2004. Heart and stroke vascular diseases – Australian facts 2004 AIHW Cat.No. CVD 27)
• Despite improvements, cancer is now Australia’s leading cause of death among 45-64 year olds and causes more premature deaths and overall disease burden than cardiovascular disease.
  (Source: Australian Institute of Health and Welfare 2006. Australia’s health 2006. Canberra: AIHW)
  
• It is expected that 1 in 3 men and 1 in 4 women will be diagnosed with a malignant cancer in the first 75 years of life.
  (Source: Australian Institute of Health and Welfare 2004. Australia’s health 2004. Canberra: AIHW)
• Cancer accounted for 31% of male deaths and 26% of female deaths in 2001.
  (Source: Australian Institute of Health and Welfare 2004. Australia’s health 2004. Canberra: AIHW)
• Injury is the leading cause of death for people under the age of 45
  (Source: Australian Institute of Health and Welfare 2004. Australia’s health 2004. Canberra: AIHW(
• More than 60% of Australians may be disabled for more that 1 month during their working life.
  (Source: Australian Disability Table lAD 89-93 Class 2)
• Every working Australian has a 1 in 3 chance of becoming disabled for more than 3 months before turning age 65.
  (Source: Australian Disability Table lAD 89-93 Class 2)

Insurance Statistics

Average cost of raising a child
It costs about $450,000 for the average family to raise two children from birth to age 20. For the average couple with two children today, the cost will be around $310 a week, or 23 per cent of the average gross household income of $1,324 a week.
(Source: AMP/Natsem study: The Estimated Costs of Children in Australian Families in 2005-06)

The cost of a child was found to be lowest for children in the youngest age group (at $85 a week from birth to four year olds living in middle income couple families with an average gross weekly income of $1330 a week) and highest for children in the oldest age group (at $364 a week for 15 to 17 year olds in the same middle income couple families)
(Source: Natsem Study: The Estimated Costs of Children in Australian Families in 2005-06)

Higher income families spent more on their children than lower income families (e.g. the costs of a 5 to 12 year old child were estimated at $121 a week for couple families in the bottom income quintile, rising to $291 a week for couple families in the top income quintile)
(Source: Natsem Study: ‘The Estimated Costs of Children in Australian Families in 2005-06’)

Awareness

• What can you do if you lost your income?
• Do you have a mortgage?
• Would you rather loose your home or your mortgage?
• Do you have personal loans?
• Do you have any credit cards?
• Do you have any dependants?
• Would your dependants be affected it they could no longer rely on your income?
• Would your financial position be affected if you were to suffer from an illness or injury? (remember you would need to have enough capital to fund medical expenses and the ability to take time of work to recover)
• Would your financial position be affected if one of your dependants was to suffer an illness or injury?
• Does the amount of insurance cover through your superannuation fund need reviewing?

Advantages

All you need to spend is around 2% - 4% of your annual income on the premiums for Income Replacement Insurance when you are well – to get up to 75% of your income when you are not. A small sacrifice for what is potentially and enormous benefit to you and your family.

You are covered 24/7 worldwide for sickness, disability and death. We offer a 24/7 personal service to you. We are only a phone call away.

Workers Compensation only covers you for disability and death when at work. Personal Income Protection/Replacement covers you 24/7 even when you are on holiday.