The average cost of cancer is $47,000
Source: Cancer Council (http://www.cancercouncil.com.au/html/policyaction/submissions/downloads/submission_statebudget_fullreport20092010.pdf)
Without an adviser’s help the average person only has $97,112 life cover. With an adviser it’s $309,458. That could mean the difference of keeping or losing your home.
Source: Value proposition of financial advisory network – Update and extension. KPMG / Econ Tech January 2011
The average person has $189,000 of life insurance cover. The average needed is $431,000
Source: Value proposition of financial advisory network – Update and extension. KPMG / Econ Tech January 2011
In 2010 the life insurance industry paid $3.5 billion in claims. That’s an average of $14.3 million paid to 245 Australians every working day.
Source: The Risk Store, Industry Stats 2010, published 30 June 2011
"…the total cost in today’s dollars is $448,000 for the average family to raise two children from birth to age 20. For the average couple with two children today, those children cost around $310 a week."
Source: A recent study conducted by the National Centre for Social and Economic Modeling
200,000 children fall critically ill every year.
Source: AIHW and Australasian Association of Cancer Registries, Cancer in Australia in 2001, 2004
Every working Australian has a 1 in 3 chance of becoming disabled through illness or injury 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
Income Protection and Insurance in Mackay QLD
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