Treat or Trick? Navigating Financial Decisions
As Halloween approaches, the age-old question echoes through the streets: “Treat or trick?” While the answer may seem simple for trick-or-treaters, it’s a daunting dilemma for those navigating financial decisions. In the world of personal finance, treats can bring long-term rewards, while tricks may lead to costly mistakes. The Treats: Smart Financial Decisions Investing in […]
Total and permanent disability (TPD) cover 101
A permanent disability will change what the rest of your life looks like. It can also make life much more expensive in terms of medical care and home modifications – which is why TPD cover is so valuable. When you’re looking at TPD cover, there are 3 key things you need to understand so you […]
There are 4 main types of life insurance
There’s more than one way to protect yourself with life insurance. Here we explore the 4 main types of cover, how they can help and how much cover you may need. Life cover Pays a lump sum to your beneficiaries or estate in the event of your death or terminal illness. Allows you to pay […]
Why it pays to review your insurance cover
Your life insurance is flexible and can be adapted to your changing needs. Make sure you have a cover review with your adviser every 12-18 months to ensure you’re covered for just the right amount, paying the right amount, and getting the best value from your policy. Every 12-18 months, make sure you ask yourself, […]
Your insurance is designed to be flexible
As your life changes and your responsibilities expand, your life insurance should expand with it. And if you’re thinking that sounds like a lot of effort, think again. Most policies allow you to increase your cover without any medical checks or complicated forms when major life events occur, like having a child or increasing your […]
The cost of a comfortable retirement just went up
How much do you need to live comfortably in retirement? A little more than last year, the latest figures show. Whether you’ve already retired, or it’s getting close, make sure your finances are in the best possible shape so you can rest easy and enjoy your second half. If you’re contemplating retirement any time soon, […]
Major Aged Care Changes
New Aged Care Bill introduced The Government has introduced new Aged Care legislation to Parliament today. The new legislation includes major changes to both Home Care and Residential Aged Care including fees and charges. The new Aged Care Bill 2024 implements various recommendations made by the Royal Commission into Aged Care Quality and Safety, and […]
Do life insurers really pay claims?
There’s a common perception that life insurance companies will do everything they can to avoid paying claims. In fact, 92% of all life insurance claims are paid in the first instance¹. As long as you fulfil your duty of disclosure when you apply for cover, and you’re covered for the medical condition you’re claiming for, […]
Ways to buy and own life insurance
Insurance policies can be bought in one of 3 ways: Through a financial adviser Direct from an insurance company, or Held inside your superannuation, which is the case for most Australians No matter where you purchase it from, the core idea is the same: if something happens to you that is covered in your policy […]
Know the difference between stepped and level premiums
Life insurance premiums are predominantly based on the risk of certain events happening to you. Because health risks increase with age, life insurance premiums will generally increase over time. That’s why most insurers offer two common ways of paying for, and managing, the costs of your cover over time: Stepped premiums: when the cost of […]
