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Here are some interesting statistics:
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. (Australian Institute of Health and Welfare 2004. Australia's health 2004. Canberra: AIHW)
Cardiovascular disease is the leading cause of death and disability in Australia, accounting for 38% of all deaths. (Heart, Stroke and Vascular Diseases. Australian Facts 2004, Australian Institute of Health and Welfare)
Every working Australian has a 1 in 3 chance of becoming disabled for more than 3 months before turning age 65. (Calculations based on data from the Institute of Actuaries of Australia 2000. Interim Report of the Disability Committee. IA Aust: Sydney)
So you think it will never happen to you....but what if it did, are you and your family protected?
Important Information
The above information provides an overview or summary only and it shouldn’t be considered a comprehensive statement on any matter or relied upon as such. The above information doesn’t take into account your personal objectives, financial situation or needs. It’s important for you to consider these matters before making any financial decision and I recommend you seek help from a financial adviser.