Mental health – talking about the silent illness
Did you know?
Around one million Australian adults have depression and two million have anxiety disorders.*
One in five women and one in eight men will experience depression in their lifetime.^
Depression and anxiety are the most common mental disorders experienced by Australians – depression alone is predicted to be one of the world’s biggest health problems by 2020. #
Depression can be linked to:
Family conflict ?
Isolation or loneliness
A serious medical illness, and
Drug and alcohol abuse
Depression is an illness, not a weakness – you shouldn’t be ashamed to seek help. And you deserve to be free of financial worries while you are receiving treatment.
The importance of income insurance
Income insurance can help protect lifestyles and support people through the financial stress depression and mental health can cause.
A three-tier total disability definition is an important feature of Income Insurance Plans eligible for most clients with the bulk of most occupations. This means you can be assessed on a duties, hours or income basis, allowing more flexibility when it comes to claim time.
A waiver of premium benefit is built in to some income insurance plans. If you are receiving a total or partial benefit (except Nursing care), they don’t need to pay the premium for this or any other life, TPD or trauma plan shown on the same schedule.
Taking out tax-deductible income insurance can give you peace of mind, knowing your families are financially protected if you cannot work.
Justin McManus is a representative of AXA Financial Planning Limited, ABN 21 0005 799 977 AFSL 234663. This information has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information you should consider its appropriateness, having regard to your objectives, financial situation and needs.
^Australian Bureau of Statistics, 2008
#The Global Burden of Disease: A Comprehensive Assessment of Mortality and Disability, Injuries, and Risk Factors in 1990 and Projected to 2020, World Bank, Harvard School of Public Health, Geneva, 1996
Additional Article Source – AXA