In the course of our discussions with many clients, it is usually discovered that the person responsible for the domestic duties doesn’t have adequate insurances in place.
Research shows that the ‘home maker’ puts an average of 94.4 hours of effort in each week, and the cost to replace that person if they were no longer able to do the job could amount to $124,000 a year!* They’re the babysitter, support teacher, house cleaner, laundromat, taxi driver, project manager, gardener and much more…
In addition to the wide range of accident and illness insurance policies available, some Income Protection contracts benefit from Domestic Help benefit. If the life insured’s spouse or de facto (who is a home maker or not working more than 20 hours per week) is disabled due to an accident, child minding and housekeeping costs can be paid for up to three months.
*The 8th Annual Survey of Mothers’ Market Value, by Salary.com Source: CommInsure, 2011
