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Wednesday 24 October 2012

What are the odds of something happening to me, or a loved one?

Although it can be a very unsettling thing to face, there is a significant likelihood of a major health event impacting on us.  The following statistics are provided to emphasise the risks we are all surrounded by.
  1. The odds of a partner dying or becoming totally disabled. Chance of a partner dying before aged 65 is 35 in 100, and of becoming totally disabled before aged 65 is 52 in 100.
  2. You have a more than 60% chance of being disabled for more than 1 month during your working life and a 1 in 3 chance of being disabled for more than 3 months
  3. There are 60,000 strokes each year, (an average of one every 10 minutes).42.5% of strokes result in ‘core activity restriction’ (disability).
  4. 1 in 5 people aged 16 –85 have experienced a mental disorder at some time in any 12 month period
  5. Around 108,000 new cases of cancer are diagnosed each year, (more than the capacity of the MCG) and there are 109 cancer  related deaths every day.
  6. Between 1982 and 2007 there was a 200% increase in the number of new cancer cases diagnosed. Over the same period the population grew around 30%.
  7. Survival rates are increasing for most types of cancer, with the exception of pancreatic, lung and brain cancers. The 5 year ‘relative survival rate’ for all cancers is around 58.4% for males and 64.1% for females.
  8. In 2007 – 08, about 3.5 million Australians had a long-term heart disease

    In 2010, a study by Lifewise found that  95% of families didn’t have adequate levels of insurance. One in five families are likely to be impacted by the death of a parent, a serious accident or illness that renders a parent unable to work. The typical Australian family will need to cope on half or less of their income as a result of underinsurance, creating unexpected financial pressures on top of a serious health event and putting significant strain at a very difficult time.

    Imagine being in a position to not have to face financial ruin if you or a loved one were to suffer a serious health problem.  Take the worry away by speaking to Mark.  Mark will review your life insurance needs with you, and provide cost effective ways to protect you and your loved ones from the perils that life can sometimes throw up.  We are happy to offer a no cost and obligation free meeting to discuss your particular needs.

    Please contact Mark Felton at Lindale Insurances on 03 9848 5933 to discuss.

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