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    • 1 Post By Andrew from Vista Financial

    Thread: Would you insure this Money Making Machine?

    1. #1

      Senior Member
      Join Date
      May 2008
      561 times

      Would you insure this Money Making Machine?

      It produces a $5 note every 15 mins and works 8 hours a day, that’s $58,400 a year!!

      It has a working life span of 30 years, that’s $1,752,000 ($1.75 Million) !!!!

      Insurance for this money making machine costs you just 1 of those $5 dollar notes each day (it produces $160 daily).

      Having the insurance means that if the machine breaks down its fixed and if it stop’s working completely its replaced so that it lasts the full 30 years.

      Who wouldn’t insure it right?

      Money Machine.png

      Now imagine that the money making machine is you, how much do you produce a day, a year over your working life???

      Do you have insurance in place to protect and replace your income if you stopped working?

      We seem to have an obsession with insuring machines/objects yet seem to put less/no emphasis on insuring ourselves.

      Things that prevent loss of income can and do happen Life insurers in Australia paid out over $5 billion in claims in 2012!

      Last edited by Andrew from Vista Financial; 22-02-2013 at 02:56 AM.
      coolerking likes this.
      Director - Vista Financial Services - Financial Advisor and Mortgage Advisor for Poms in Adelaide - UK Pension Transfers / Financial Advice / Mortgage Advice
      Andrew@vistafs.com.au FPA & MFAA Member, Adv Dip FP www.vistafs.com.au Ph: 08 8381 7177

    2. #2

      Join Date
      Oct 2012
      Flagstaff Hill
      19 times
      I have to agree with you. Only for income protection we'd be in serious trouble now.....



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