01 Jun Calculate the essentials of protection
[blue]Article by Jason Clout - The Age - http://www.theage.com.au/money/calculate-the-essentials-of-protection-20120526-1zbia.html [/blue] Imagine that you had a machine that pumped out $100 notes. Would you insure this miracle device? You'd be nuts not to. Well, that is analogous to what the main breadwinner in a family does, points out Jordan Hawke, executive general manager at Asteron Life, "yet they often won't insure themselves". Industry research suggests that protecting the family's lifestyle after death or permanent incapacitation - or even protecting the weekly wage while off work for a shorter term - has not been a priority for many. And that's because Australians traditionally have been ''more interested in accumulating wealth than protecting it", Hawke says. <iframe id="dcAd-1-3" src="https://ad-apac.doubleclick.net/adi/onl.age.money/money;cat=money;ctype=article;pos=3;sz=300x250;tile=3;ord=1.9637659E7?" width='300' height='250' scrolling="no" marginheight="0" marginwidth="0" allowtransparency="true" frameborder="0"> < /iVALUE YOURSELF Actuaries at Rice Warner calculate a young couple aged 35 with children needs $500,000 to provide even the bare minimum...