Wednesday, November 11, 2009

Do you have appropriate insurance cover to meet your family needs if anything happens to you?

By world standards, Australians are financially sophisticated. Between us we have almost one trillion dollars invested in superannuation and one of the highest rates of share ownership in the world.

But did you know that:
- In 2009, over 9,000 Australians will be diagnosed with leukaemia, lymphoma and myeloma. That’s one every hour
- Every year, 8,000 Australians discover they have melanoma, and 1,000 die each year. Australian five year survival rates are the highest in the world
- Yesterday, 32 women were told they have breast cancer. 32 women will be told today…and tomorrow...Approximately 88% will survive
- Heart disease affects 2 out of 3 families
- 400 Australians are paralysed by spinal cord injury each year. Their average age is 25. Long-term care costs exceed $500 million annually
- An estimated 106,000 new cases of cancer are diagnosed each year
- Each year, around 4,400 parents with dependent children die
a stroke occurs in Australia every 11 minutes, resulting in 48,000 strokes each year

    Unfortunately, many Australians don't think that any of the above could apply to them. Studies have found that around 80% of Australians are underinsured. Don't take the risk. If you had an accident and were not able to work, or if you died due to some unforeseen event, your partner and family would be faced with the burden of debt.

    Research on Australian attitudes to life insurance also revealed some startling information about the Aussie psyche.
    • 41% would sell the family home
    • 47% would look to the broader family for financial support.
    • 49% said that their partner would have to go back to work or continue to work
    • 63% would use their superannuation

      Don't take unncessary risks and make sure that your family is adequately protected. You can speak to the financial advisors at Intellichoice about our range of insurance policies, including car insurance, home contents and landlord insurance, life insurance, and insurance for your business.