Insurance Basics

Do you really have enough Insurance?

Why bother with Insurance ?

• About 20% of  Australians had cardio vascular issues in 2001.
• Cancer causes most deaths in females ages 25-44 years
• Over 2 million in Australia suffered from a long term health condition in 2001 because of an injury
• You insure  your house valued at say $500,000 by choice. Some however, will not insure their income even though they may have 30 years to retirement. Eg Assume you are at age 30 on a  salary of  $70,000pa  fixed to age 65 ,  An immediate inability to earn to retirement puts $2.45million of income at  risk. Obviously, the figure would be much higher as subsequent income levels increase.

Are you prepared to take that risk?