Facts & Statistics

It is estimated that the risk of a male being diagnosed with prostate cancer by his 85th birthday will be 1 in 7. Reference

One in eight women will develop breast cancer in their lifetime. Reference

Over 47,000 Heart Attacks occur in Australia every year.  More than 60% of cancer patients survive more than five years after diagnosis. Reference

Over 90% of all life insurance claims in 2016 were accepted by life insurance companies, according to a joint research project by the Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC). Reference

In 2016, 8500 people were hospitalised and nine died from asthma attacks after thunderstorms tore across Melbourne. Reference

It’s nearly always better to get a life insurance policy before you get pregnant to avoid potential price hikes brought on by temporary conditions during pregnancy. Reference

1 in 2 for both men and women, will be diagnosed with cancer before the age of 85. Reference

Despite the gains of life insurance take out amongst younger people, many Aussies do not fully understand the benefits of life-related insurances or aren’t taking the next step to get the full amount of protection they need. Reference

Thanks to new technology, selfies might eventually be added to the list of data sources for insurers to draw on. The product, called Chronos, uses facial analytics and other data to determine life expectancy. Reference

Royal Australian College of General Practitioners President Bastian Seidel told the committee mental health is now the most prevalent condition in Australia, overtaking cardiovascular disease and, more recently, dementia. Reference

Like most things related to the financial planning arena, insurance can seem complicated and overwhelming at first. Seek some help from a professional you trust and don’t be afraid to ask questions. This is a big purchase and something that could seriously impact your loved ones down the road. Reference

Too many people rely on their employer-sponsored life insurance. This is the number one mistake. Why? Many people can’t take their life insurance policy with them if they quit or get fired from their job.  Reference

There are many options for structuring the ownership of the Life Insurance and Income protection cover, you may be able to claim the cost as a tax deduction, this requires a professional Financial Planner to assist you with the most tax effective structure.  Reference