Did you know that tailored personal insurance super structuring can give you a greater choice and affordability of your life Insurance and Income Protection? If you have known about this before yet have doubts about the possible benefits, then now is the time you consider it seriously. In the past, you only had the choice [...]

Income protection offers you the financial assistance that you need in case you become incapable to work for a certain period of time due to sickness or accidental injuries. However, not all individuals are qualified to get coverage for this particular type of insurance. Insurance companies in Australia carefully consider your occupation and determine whether [...]

The Australian Prudential Regulation Authority reported significant losses in the industry. The fiscal year June 2012 was said to have suffered over $110 million in losses. This has prompted an increase in Comminsure income protection premiums and policies. However, the changes will not affect new business rates or policies that date back in 2003 and [...]

From the time Accelerated Program was launched by TAL Life Insurance in 2009, it has gone its sixth upgrade on 1 November 2012. As a proud company that pays a daily claim of $2.5 million, TAL is zealous in its life insurance provision.   Over 100 improvements were made after a review was done on [...]

An inability to earn income could risk many priorities in life and in as short as three months, even homes, a major investment, may be threatened.   A 2012 Life Risk Survey by CommInsure revealed that..   -         39% would resort to mortgage or remortgage -         32% would choose downsize their homes -         28% would [...]

Income protection is important but where is the policy best held – inside or outside superannuation?  The answer depends on several factors such as the needs of each individual. Note that in an income protection…   Cover structures inside or outside super are with tax deductibility benefits. Inside or outside super, taxes are applied on [...]

After changes made in March and May, MLC Insurance of the National Australia Bank has made more changes in its offerings and has introduced RiskFirst Rapid.   The product aims to…   -         Address needs for further income protection premium savings -         Allow quick coverage   On top of this, an additional 20% savings on [...]

During Sydney’s AIA Australian Group Insurance Summit, result of polled 32 executives from 26 retail and industry funds and related consultancies was disclosed. It showed that over 50% of Australian superannuation funds will offer default income protection for MySuper. Representatives from BT Financial Group, REST Industry Super, Rice Warner Actuaries and Chant West responded differently [...]

Have you ever wondered what would happen if you suffered a serious injury or illness which meant you were unable to work? For many people, the reality of being without the means of earning an income could mean significant financial hardship for them and their families. As an employee your employer will (or should) have [...]

Changes are about to happen to many fund members whose cost benefits have been overlooked by SMSFs. Over 20,000 clients under the self-managed superannuation fund (SMSF) who have been under-insured will be offered automatic life coverage of up to $750,000. According to AIA Australia, this is the aim of insurance groups and financial advisers to [...]