The “she’ll be right” approach
It may be true for some but it’s a gamble and you may not like some of the odds. The chances of certain events may not be as small as you think. Insurance won’t reduce those odds but it can help reduce the financial impact if there is insurance in place.
Forced early retirement
Almost a third of the Australians over 45 who retire early, do so due to ill health and injury.
(Source: ABS, Retirement and Retirement Intentions Australia, July 2008 - June 2009, Catalogue no. 6238.0)
Accidental road deaths
Approximately 1,500 people die on Australian roads every year, most aged between 26 - 59 years.
(Source: Australian Government, Road Deaths Australia 2007)
One in four women
A quarter of all women and a third of males will suffer from cancer in their lifetime - 50% of whom will live longer than 5 years after diagnosis.
(Source: The Cancer Council Australia, www.cancer.org.au, April 2009)
33% chance of not working
There is a one in three chance you will need to be off work for a total of three months due to illness or injury before you turn 65.
(Source: Institute of Actuaries of Australia, 2000: Interim Report of Disability Committee)
Learn more about Myths
Did you know?
Insurance is considered by many financial experts to be a fundamental part of any sound financial plan. Insuring yourself properly adequately will mean you can cope financially if the unexpected happens to you.
Taking out insurance through super can be cheaper and tax-effective.
