Have you ever thought about insuring your income? If no, you are not alone since many income earners tend to overlook this important type of Insurance. Your income covers your needs and some luxuries in life. If you are the sole breadwinner in the family, your income is not solely for your needs but also for the entire…
Did it ever occur to you how your family would be able to manage financially in the case of illness, injury or death? Would they be able to live the life that they are used to? How about your children – do you think they could continue with their schooling if you were no longer there or capable to…
Some people have second thoughts about protecting themselves with Life Insurance and Income Protection as they find them unnecessary, only to realise later on that it can provide them and their families with the financial assistance that they need. Life Insurance and Income Protection are two of the most common types of insurance. Sickness, accident,…
Are you the sole breadwinner in the family? If yes, did it ever occur to you how your family would survive if you were unable to work? This may not happen in the near future, but it pays to be prepared so that this will not catch you by surprise. In fact, in Australia alone,…
Why do people need to take out Income Protection insurance? It’s simple! It’s to ensure that you protect your income which services your commitments and maintains your living standards. You protect your house, your car, by having insurance coverage, but don’t you realise, that without protecting your income, any of this will not be possible?…
When it comes to income protection insurance, many people assume that the income protection provided by their super fund will be sufficient and they don’t need to take out an additional policy. Although industry super funds such as C Bus Super do offer income protection as part of their super, it is a good idea…
Whether you are just starting out or have been working as a tradesperson for years, you can never underestimate the importance of insurance. It is essential for tradies to have some form of insurance to help protect themselves against being left financially vulnerable in the face of an unexpected event such as an accident, illness…
Zurich Financial Services Australia has long been regarded as an income protection insurance provider of the highest order, as evidenced by its string of national awards. In 2011, Zurich received the Review Smartinvestor Blue Ribbon Award and the Canstar Cannex Outstanding Value award for its Term Life and Total and Permanent Disability (TPD) product. Zurich…
This report has been written as a general comparison between the Income Protection provided by Australian Super and that available through a Direct Retail Policy. It has used readily available resources in the analysis such as Product Disclosure Statements, and looks at the key differences between the policies. The core variances identified are the very…
Getting hurt is no fun, especially when your injury disables you to the point where you’re unable to work. Sure you may be covered by Worker’s Compensation if you suffer an accident in the workplace, but what if you are injured or become ill outside of work? Again your employer may provide sick leave benefits…