John, 49 years old, was a company director of a jewellery manufacturing business he owned. While on business in Perth, Australia in February of 1995, John suffered a right-sided stroke and has since been unable to work. At this early stage it seems he may never return to full employment. His income, as confirmed by his accountant, was $70,000 per annum.
Although he would normally have had to wait four weeks before receiving the first benefit payment, because he was confined to bed John qualified after only three days for a payment under the Bed Confinement/Hospitalisation benefit.
John currently receives an inflation-adjusted Income Protection payment of $55,106 per annum, by direct credit on a monthly basis.