8 alarming statistics that show you need wealth protection!
Many Australians think that they are invincible and that it will never happen to them. The frightening statistics show that it unfortunately could happen to you… see what we mean below.
(Stop pretending that you're Superman... You're not Superman)
Most people have insurance for their home (50.1%) and motor vehicle (70.5%), but fail to cover their most valuable assets – their life (17.4%) and their ability to earn income (6.9%) over the long term.
Of the working population in Australia, 1 in 6 men and 1 in 4 women are expected to suffer a disability from the age of 35-65 that causes a loss of six months or more from work.
The risk of being diagnosed with cancer by the age of 75 is 1 in 3 for males and 1 in 4 for females.
In 2016, it was estimated that the risk of an individual dying from cancer by their 85th birthday would be 1 in 5 (1 in 4 for males and 1 in 6 for females).
The typical Australian family will lose half or more of their income following a serious illness, injury or loss of one parent as a result of underinsurance.
The estimated number of new cancer cases diagnosed in 2016 was 130,466.
The estimated number of deaths from cancer in 2016 was 46,880.
2.2 million Australians of working age (15 – 64 years) have disability. People with disability are twice as likely to be in the bottom 20% of gross household incomes.
Talk to a Financial Planner at Verve Group today to prepare for the unexpected. Call (08) 8120 4877 or email email@example.com to book a complimentary initial consultation.