frustrated man in hospital gown looking at you
Life and living is risky - thats 'normal' - not having a backup plan in place to manage that risk - that's 'crazy'

Let's be really honest here. It doesn't take long to realise that life never quite works out just the way we planned.

To suggest it's unpredictable - is an understatement.

Call it chance, accident, fate or even serendipity; sh!t happens. Ok now that's out in the open and we're being honest, the point we're making is life just happens to us all and some things catch us all off guard. How we deal with hard times makes us human; how we plan for those potential hard times makes us successful. To Protect and Provide is the very essence of being human – and we think its one of our most endearing traits.

When hard times happen remember it's not personal - its just the statistical realities; its the numbers of life

How to plan for the reality of risks in our life

When hard times happen, you can't take it personally as if it's directed solely at you and your family or even your business. The statistical reality is that we all suffer ups and downs in ways we never expected. That's why we use life insurance products as a safety net, just in case.

Obviously, everyone's circumstances are very different. People who drive cars are more at risk of being in a car accident than those who don't drive. If only life was that simple and predictable — it isn't. In 2016 sadly 176 pedestrians were killed in traffic accidents in Australia.

Time for a straightforward conversation about the numbers

We believe that the core to protecting and providing is having an honest understanding of the numbers of life so we can all have the opportunity to put a backup plan in place if something unexpected happens.

Drew's Rant Alert.
Now if you're the type of person who upon hearing this immediately reaches for an anecdotal story 'about a friend's grandmother who's still alive at 95 and still smoking a pack of unfiltered cigarettes a day' smoking really isn't a risk to anyone like we're told...' we probably aren't going to get along so please click here to go somewhere more appropriate.

The good news is (if you're still reading) you do have the opportunity to help prepare for many of life's ups and downs so that when the hard times arrive you, your family and even your business are able to survive them.

We all face the statistical risks of The Numbers of Life

Because these are statistical risks we all face, they cannot be avoided, merely managed with insurance. This also means they cannot be ignored.

Chances of you needing to claim on your life insurances policy

What are the chances of you needing to claim on your personal insurance policy in Australia?

  • 1 in 3 chance of needing to claim for Critical Illness insurance
  • 1 in 4 chance of needing to claim for Income Protection insurance
  • 1 in 10 chance of needing to claim for Life insurance or Terminal Illness
  • 1 in 20 chance of needing to claim for Total and Permanent Disability (TPD) insurance

Jump to facts about:

What does this mean for Australian families?

In 2014 there were 11,237 unexpected deaths of married people between 15-64.

  • This means 31 families per day unexpectedly lose a family member
  • Given that 48% of families have at least 1 dependent child, this means 15 families every day with a dependent child, will lose a parent

What are the chances of you winning Lotto or Powerball?

  • Chance of getting 6 winning Lotto numbers 1 in 8,145,060
  • Chance of winning Powerball 1 in 76,767,600

What are the leading causes of insurance claims?

Of the 4 classes of personal insurance available, Life insurance, Total & Permanent Disability (TPD), Medical Crisis, and Income Protection, below are the leading reasons for insurance claims being made.

The leading Causes of Insurance Claims
Death Total Disability Medical Crisis Income Protection
Cancer Musculoskeletal Cancer Musculoskeletal
Heart Disease Cancer Heart Disease Mental Illness
Respiratory Disease Mental Illness Neurological Disorders Cancer


Diabetes in Australia

Here are the current undeniable health statistics for Australians 

Today, 1 in every 4 hospital beds in Australia is taken by a diabetes-related condition, and 275 Australians develop diabetes every day.

  • 56% are males, and
  • 44% are females
  • Around 92% of people with Type 2 diabetes were 45 years old or more
  • 45% were 65 years or older

The additional risks for Business Owners working with multiple people in business

statistical risks for business partners working together

author pic drew browneDrew Browne is a specialty Financial Risk Advisor working with Small Business Owners & their Families, Dual Income Professional Couples, and diverse families. He's an award-winning writer, speaker, financial adviser and business strategy mentor. His business Sapience Financial Group is committed to using business solutions for good in the community. In 2015 he was certified as a B Corp., and in 2017 was recognised in the inaugural Australian National Businesses of Tomorrow Awards. Today he advises Small Business Owners and their families, on how to protect themselves, from their businesses.  He writes for successful Small Business Owners and Industry publications. You can read his Modern Small Business Leadership Blog here. You can connect with him on LinkedIn Any information provided is general advice only and we have not considered your personal circumstances. Before making any decision on the basis of this advice you should consider if the advice is appropriate for you based on your particular circumstance.

Get Prepared for Life

Protect your Family (& the Small Business that supports you) from the statical realities of Life, Love and Business we all face.

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