Smart Strategies for Protecting Business Owners: Reduce the long-term cost of your insurance In this eighth and final part of the series which we began in April 2011, we look at options to reduce the long-term cost of your insurance. The key to good protection is to ensure that the right amount of cash is paid to the right people at the right time because statistically before the age of 70: | • 21% of men and 20% of woman will be diagnosed with cancer | | • 12% of men and 4% of woman will have a heart attack | | • 4% of men and 3% of woman will suffer a stroke | | • 15% of men and 14% of woman will suffer from another critical illness | | • 7% of men and 1% of woman will die from something other than a critical illness | | • 41% of men and 58% of woman will not have suffered a critical illness |
According to Munich Reinsurance Group statistics for Australasia in 2009. In short, if you are a male you have less than a 50/50 chance of getting through to age 70 without suffering some major trauma event. Insurance is the cornerstone of a comprehensive financial plan and can help to minimise the financial impact of events beyond your control. At Newealth we are always looking to innovate and improve our ongoing services wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
1st-August-2011 | 
