Women spend on average 33.75 hours per week on housework, shopping and looking after children. If a nominal value of $30 per hour was placed on this unpaid work around the home, a housekeeper employed to do the same amount of work would cost around $1,020 for a seven day week or $53,040 per annum.
When you took out life insurance, you were assessed on a number of factors that can impact your health. No doubt one of the questions you were asked was whether you smoke.
Anyone can get sick or injured but when it comes to protecting their lifestyle with insurance, it seems females have some catching up to do.
Over the past 18 months, Australia has seen losses on the ASX and world stock markets, with investment values plummeting more than 50%. This has forced some people to re-evaluate their financial plans.
Who will look after your finances if you can’t work due to sickness or injury? Health insurance may cover a proportion of your medical bill, but it won’t cover your rent or mortgage and living costs. With income protection insurance you can get up to 75% of your regular income if you can’t work due to disability.
