Friday, 22 June 2012 06:29

What is your most Important Asset?

Most people readily accept the value of insuring their car and their house but do not insure their most valuable asset which is their ability to earn an income.

 

Below is a table about insurance and claims history designed to provide food for thought about what really is your most important asset.  This table highlights that the take-up rate for car insurance is 71% but only a 6% take-up rate of income protection.  The grey bars show the average claim size.  (you will need to increase the size of the table below)

 

Did you know that a car is stolen every 10 minutes in Australia and that someone is burgled every 2 minutes.  Also 1 in 6 men and 1 in 4 women are expected to suffer a disability from the age of 35 to 65 that causes a loss of six months or more from work.

 

When you think about it - how would you pay for your car insurance if you didn't have an income?

 

 

 

 

 

 

Published in Life Insurance