Your most valuable asset is your ability to earn an income that allows you to maintain your lifestyle. In your lifetime you will earn a small fortune - it therefore makes sense to protect it.
If you find it hard to believe that you will earn a small fortune check out the graphs below. They are based on earning an average full-time income1 and take into account a 3% increase for inflation each year. You may very well be surprised by just how much you can earn over your lifetime2.
Then compare the blue bars with the green line which shows the maximum rate of Disability Support Pension3 received by a single person aged over 21 (again this takes into account a 3% increase per year). You’ll see that there’s a big difference between the two.
Insurance can help preserve your earning potential and protect your lifestyle.
To calculate your own lifetime earning potential
click here.
| Chart 1: Lifetime income potential for a 25 year old male is around $4.1m |
 |
| Chart 2: Lifetime income potential for a 35 year old male is around $2.5m |
 |
| Chart 3: Lifetime income potential for a 45 year old male is around $1.8m |
 |
1ABS, Employee Earnings, Benefits & Trade Union Membership, 6310.0, Aug 2007
2Based on a retirement age of 65
3How much Disability Support Pension do I get? www.centrelink.gov.au, correct as at March 2009