Protecting the lifestyle you have is as important as building your assets to support it.
If you have something you can not afford to lose then you should take steps to protect yourself against its loss. You probably insure your house and your car, so why not your income and assets?
Unfortunately up to 74% of Australians have not taken adequate steps to protect themselves and their loved ones against premature death, disability or serious illness. (2008 survey by the Australian Institute of Superannuation Trustees (AIST) and Industry Funds Forum (IFF). Are you one of the 74%?