Myths – Number 1 -“I’m healthy, it won’t happen to me”

We all like to hope for the best, but you should also plan for the worst! An unexpected health event can occur at any time, no matter your age. Many people would struggle to say that they do not know someone within their network who hasn’t been impacted by an unforeseen illness, injury, or death. The most recent statistics released from the Australian Institute of Health and Welfare show that for cancer alone, men have a 1 in 3 chance of suffering from the illness, and women a 1 in 4 before the age of 75, with an average of 131 deaths every day. I can guarantee that a large number of these people also believed that they wouldn’t form part of the statistics. Obtaining insurance cover once a major illness or injury has occurred can prove very difficult, so the earlier you apply the greater chance you have at securing lifetime cover with no premium loadings or policy exclusions.

Reviewing your personal insurance position shouldn’t be something you continue to put off, as the consequences could be devastating. This is a complex area of financial planning that you need to get right, so I highly encourage you to seek the advice of a specialist adviser in this field to help ensure you do not become a victim of hindsight, which is summed up beautifully by the ancient Greek playwright Sophocles – “I have no desire to suffer twice, in reality and then in retrospect”.