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New England Life Insurance Pty Ltd ABN 34 541 763 742 (t/a farmercover) is a Corporate Authorised Representative (No. 417493) of Aon Hewitt Financial Advice Limited ABN13 091 225 642 Australian Financial Services License No. 239183 Aon Hewitt Head Office: Level 33, 201 Kent Streeet, Sydney 2000 © farmercover 2015

For more information, please call us on 1300 676 290 

The information contained on this website may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain the relevant product disclosure statement before making any decision to purchase that financial product.  

General population statistics

18 year old male

The life expectancy age of an 18 year old male non-smoker is 80. The chances of them dying prior to age 70 is 1 in 6. The chances of suffering a major illness or injury before age 70 is 40.63%. This percentage may by broken down into the following causes:    6.31% - heart attack 12.31% - cancer  2.91% - bypass surgery  2.93% - stroke  9.84% - angioplasty  6.31% - other For an 18 year male smoker, the life expectancy age is 74, with the chance of dying prior to age 70 being 1 in 3. 79.84% will suffer a major illness or injury prior to age 70, broken down as follows: 12.57% - heart attack 24.27% - cancer  5.88% - bypass surgery  5.73% - stroke 19.69% - angioplasty 11.70% - other

18 year old female

The life expectancy age of an 18 year old female non-smoker is 84. The chances of them dying prior to age 70 is 1 in 9. The chances of suffering a major illness or injury before age 70 is 30.3%. This percentage may by broken down into the following causes:    2.65% - heart attack 15.32% - cancer  0.92% - bypass surgery  2.38% - stroke  3.31% - angioplasty  5.72% - other For an 18 year female smoker, the life expectancy age is 77, with the chance of dying prior to age 70 being 1 in 4. 66.99% will suffer a major illness or injury prior to age 70, broken down as follows:  6.10% - heart attack 33.34% - cancer  2.15% - bypass surgery  5.27% - stroke  7.66% - angioplasty 12.46% - other  

Farm statistics

1. Farms are regarded as Australia’s most dangerous workplace. Only 1 in 10 workplaces are farms, but account for 25% of all work-related deaths. 1 2. Farms make up 4% of the Australian workforce but account for approximately 20% of work-related injury. 2 3. In 2014, 12.9% of deaths and 9.5% of non-fatal injuries on farms reported in the Australian print media, were attributed for chlldren under the age of 15. 3 4. Quads are the leading cause of death and injury on farms. 4 5. Farm machinery accounts for 35% of traumatic deaths. 4 6. More than 60% of farmers have significant hearing loss. 4 7. Up to 20% of farm injuries presenting to hospital emergency departments are caused by farm maintenance work. 4 8. Falls are the most common cause of farm injuries for people over 55. 4
Source: 1 State Government of Victoria, Department of Health, website 2 FarmSafe WA, website 3 Australian Centre for Agricultural Health and Safety, January 2015 report 4 National Centre of Farmer Health website 

Statistics

“It wont happen to me....”

While it is common to hear the comment above, many young adults consider themselves ‘bulletproof’ and believe they will live forever. The statistics unfortunately tell a sad tale and while most will insure material items such as plant, machinery and other general items, some take less notice about who for example, is operating the machinery or driving the vehicle. What happens to the mortgage and other debt, if payments are missed for either the short or long term due to sickness or accident ? Or how does the family survive without an income and particularly in rural areas, what is the cost of medical and other expenses if care is required in a major city ? Also important is the spouse if injury or accident happens to them. While greater emphasis tends to be placed on insurance for the main breadwinner, who will provide ongoing care for the spouse in recovery, and does the main breadwinner need to reduce hours (and therefore income), to look after the house, and provide care for the children. There are many ramifications that need to be considered, which includes establishing a personal insurance strategy. 

The odds of winning ‘Tatts’

Many people like a ‘flutter’, with the common advice being “never gamble more than you can afford”. It is also highly likely that you don’t bet to win the minor prizes, but to chase “the big one”. Here are the odds of winning the grand prize, hoping of course no one else shares the same numbers ! Obviously you can divide the odds by the number of games you play in any draw. Powerball (6 winning numbers + the Powerball) 1 game: 1 chance in 76,767,600 12 games: 1 chance in 6,397,300

Oz Lotto (7 winning numbers)

1 game: 1 chance in 45,379,620 12 games: 1 chance in 3,781,635

Mon / Wed Lotto, TattsLotto (6

winning numbers)

1 game: 1 chance in 8,145,060 12 games: 1 chance in 678,755

The Pools (6 winning numbers)

1 game: 1 chance in 2,760,681 12 games: 1 chance in 230,057 Source: Tatts website
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The information contained on this website may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain the relevant product disclosure statement before making any decision to purchase that financial product.  
New England Life Insurance Pty Ltd ABN 34 541 763 742 (t/a FarmerCover) is a Corporate Authorised Representative (No. 417493) of Aon Hewitt Financial Advice Limited ABN13 091 225 642 Australian Financial Services License No. 239183 Aon Hewitt Head Office: Level 33, 201 Kent Streeet, Sydney 2000 © farmercover 2015
We’re about family

Statistics

“It wont happen to me....”

While it is common to hear the comment above, many young adults consider themselves ‘bulletproof’ and believe they will live forever. The statistics unfortunately tell a sad tale and while most will insure material items such as plant, machinery and other general items, some take less notice about who for example, is operating the machinery or driving the vehicle. What happens to the mortgage and other debt, if payments are missed for either the short or long term due to sickness or accident ? Or how does the family survive without an income and particularly in rural areas, what is the cost of medical and other expenses if care is required in a major city ? Also important is the spouse if injury or accident happens to them. While greater emphasis tends to be placed on insurance for the main breadwinner, who will provide ongoing care for the spouse in recovery, and does the main breadwinner need to reduce hours (and therefore income), to look after the house, and provide care for the children. There are many ramifications that need to be considered, which includes establishing a personal insurance strategy. 

Farm statistics

1. Farms are regarded as Australia’s most     dangerous workplace. Only 1 in 10     workplaces are farms, but account for     25% of all work-related deaths. 1 2. Farms make up 4% of the Australian     workforce but account for approximately     20% of work-related injury. 2     3. In 2014, 12.9% of deaths and 9.5% of     non-fatal injuries on farms reported in     the Australian print media, were     attributed for chlldren under the age of     15. 3 4. Quads are the leading cause of death     and injury on farms. 4 5. Farm machinery accounts for 35% of     traumatic deaths. 4 6. More than 60% of farmers have      significant hearing loss. 4 7. Up to 20% of farm injuries presenting to     hospital emergency departments are     caused by farm maintenance work. 4     8. Falls are the most common cause of     farm injuries for people over 55. 4
Source: 1 State Government of Victoria, Department of Health, website 2 FarmSafe WA, website 3 Australian Centre for Agricultural Health and Safety, January 2015 report 4 National Centre of Farmer Health website