Anyone watching TV recently would be well aware of the increasing number of Life insurance companies promoting direct insurance to consumers. Increasing the awareness of the need for personal insurance cover is great as most Australians and their families are underinsured. Many people have been misled by the advertisements and believe that insuring direct without…
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…
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,…
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?…
No one can really tell when sickness or accident may strike, that’s why it makes a lot of sense to have Accident and Sickness insurance coverage of some sort. Although Life Insurance can also fit the bill, usually this is not enough to cover lost income of the policyholder due to an inability to work.…
If you and your family rely mainly on your income to pay for your monthly expenses, how do you think everyone will cope in case you become incapable of work for a few weeks because of sickness or accidental injuries? Medical expenses alone can be very expensive, so where else can you turn to in…
You’ve got recommendations from colleagues and friends, you’ve read quite a good reviews for Insurance providers, you’ve got choices, now you’re confused than ever over which Income Protection Insurance to buy. So, how do you make the process easier? Pick the one that you’ve come across simply because it offers the cheapest rates? That’s definitely…
Asteron life has recently announced a number of upgrades to their income protection insurance product. Previously known as “Asteron Lifeguard,” the updated portfolio will be known as “Asteron Life Complete” and includes revisions to their disability definition and the implementation of a three tiered approach to disability claims. Under the new policy there will be…
Income protection insurance is essential for medical professionals to help them protect their family in the event that they contract an illness or injury which prevents them from working for a significant period of time. Having critical illness benefits on top of your standard income protection insurance could also mean a substantial increase in your…
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…