Based on a report released by Rice Warner, the leading independent voice in the Australian financial services industry, underinsurance gap is seen narrowing. And this can be attributed mainly to the provision of default insurance provided by superannuation. This proved to be very successful in providing a more affordable life insurance cover, often without [...]

In a poll conducted by TAL, it appeared that majority of Australians do not prioritize life insurance. They would choose to grow their savings than to improve their life insurance policies. TAL’s chief executive Jim Minto said with GCF still the consumers’ priority, it is clear that there is deleveraging going on. The result of [...]

For parents, a child is a priceless gift. When the children get sick or are hurt, parent feel twice the agony and they do what they can to ease whatever their children feel. That is, if there is something they can do. What if it is a critical illness or a serious accident? In cases [...]

What’s the most important thing in your life? Is it your career? Or is it your very own family? If you answer yes to the latter, well you’re just one of the millions of people who regard their family as the most important part of their lives. Without family, their world seems to be lifeless, [...]

Not all insurance companies are created equal as the recent announcement of TAL (formerly Tower) as the 2011 winner of the Plan for Life/AFA Life company of the year award demonstrates. This is the second year running that TAL has taken this prestigious award after a thorough evaluation process which also takes into consideration feedback [...]

Life and TPD insurance are both designed to offer financial protection to dependents in the event of a policyholder’s death or permanent disability. When choosing a life or TPD policy, the array of products and features can be extremely confusing, so it is important to get professional advice when you are choosing a policy. Finding [...]

An amendment to the Exposure Draft Superannuation Legislation was released by the government in December 2011. Known as the Exposure Draft Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012, this amendment added a number of covenants to the existing legislation document and increased the scope of obligations for trustees and licensees of superannuation [...]

Self-managed super funds (SMSFs) give people more control over their superannuation, and they can also hold personal insurance policies such as life insurance, total and permanent disability (TPD) insurance, and income protection insurance. There may be several advantages of purchasing life insurance through your SMSF, but there are also some drawbacks you may not have [...]

There are a number of personal insurance options that are available to financially protect you and your family should the unthinkable occur. Several of these come under the umbrella of life insurance, which provides financial compensation in the event of death or the diagnosis of a terminal medical condition. Term Life Insurance Life insurance is [...]

It’s common for seniors to be uncertain as to whether they need life insurance. Many seniors have achieved some major financial goals – they’ve paid off the house and sent their children through school. They only require day-to-day living expenses. But they may not realise the financial hardship they could put their spouse or other [...]