The average Australian family only has enough financial reserves to survive 3 weeks without an income if they were to suffer a disability either through and accident or illness.
An Trauma event on average costs between $150,000 to $200,000 in medical expenses, lost wages for both the patient and the family member that needs to care for them, travel costs, rehabilitation.
If you unexpectedly die or become permanently disabled all your future earning potential disappears.
For every home lost in Australia through either a fire or flood, 4 homes are lost through a death in the family and 48 are lost through the inability to earn an income due to an injury or illness.
5%%
THE MOST FRIGHTENING STATISTIC IS THAT: Only 5% of Australians have their policies set up properly!