Whilst I'm on a roll..
- Australian's are the great uninsured.
- We're happy (or at least see the value) to insure our houses and our cars.
- We even begrudingly pay health insurance premiums.
- We also seem to believe we're immortal.
Here's the reality:
- You have a more then 60% chance of being disabled for more then 1 month during your working life and a 1 in 3 chance of being disabled for more then 3 months (1)
- There are 60,000 strokes each year (2) - an average of one every 10 minutes. 42.5% result in disability
- 684,000 people are estimated to have chronic heart disease (2)
- Around 108,000 new cases of cancer are diagnosed each year and 109 people die due to cancer related illness each day (3)
- 1 in 5 people aged 16-85 have experienced a mental disorder at some time in any 12 month period (2)
and there's much, much more.
Life/TPD, Trauma and Income Protection Insurance are the most important investments you can make.
1 - Interim report of the Disablity Committee - Institute of Actuaries of Australia 2000
2 - Australia's Health 2010, Australian Institute of Health and Welfare, December 2010
3- Cancer in Australia, an overview, Australian Institute of Health and Welfare, December 2010
Kerrianne Hebinger
Financial Planning Essentials
w: www.finplans.com.au
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