With so many health insurers in the market place, and premiums increasing every 12 months, Brisbane Money Management are able to offer our client’s a health insurance review service.
This is a free and confidential service that will help answer all of those questions we ask ourselves every time premiums go up, we pay a medical bill, or we make a claim to our health fund:
- Am I paying too much? Or paying for things I don’t need?
- Have I got the best policy for my needs?
- Are there other funds paying bigger rebates for what I am using?
If there’s a better policy for your needs and budget, you’ll find out. Best of all, if you’ve already got the right policy at the right price – you’ll find out! You can’t ask much more than that.
Personal Insurance - funding your family's needs when you can't
There are 60,000 strokes each year, (an average of one every 10 minutes). 42.5% of strokes result in ‘core activity restriction’ (disability).
Cancer is the leading cause of death amongst males of all ages1 (32.3%). The leading cause of death for males aged 25–44 is accidental injury/poisoning and for males aged 45–64 is cancer.
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.
61% of adults are overweight or obese. Obesity increases the risk of many conditions, including cancer, heart disease and diabetes.
The prevalence of diabetes has trebled over the last 20 years. There are estimated to be over 800,000 diabetics in Australia. Diabetics are 5 times more likely to have a stroke and 10 times more likely to have a heart attack.
What about your family home?
Have you thought about who’ll own your home if something happens to you? Do you think “she’ll be right? I’ve got insurance in my superannuation and those ads on the TV tell me how great my fund is.”
The average mortgage in Queensland is $328,000. The average insurance in a superannuation fund is $70,000. Who’s going to make up the shortfall? Will your partner have enough income to keep up the repayments?
Have you thought about how high the pile of bills will get if you’re unable to work because you’ve injured yourself or you’re too sick to go in for more than 3 months? And, please don’t think “it will never happen to me” – 1 in 3 Australians will be unable to work for more than 3 months before they reach the age of 65.
How about if you discover you or your partner has cancer? Would you like to be able to afford to have time off work so that you can have the proper treatment or support them while they go through the treatment? If you think that the insurance you have in your superannuation will cover you for this – it won’t! This sort of cover is called Trauma insurance and is not generally provided by superannuation funds.
- Australian Finance Group (AFG) 2010
- Calculations based on data from Institute of Actuaries Australia (2000) Interim Report of the Disability Committee