Mario’s Story
This is another happy story, this time of Mario and his TPD claim. It is the kind of story we love as financial planners.
Annabella’s Story
This is the happy story of Annabella and her TPD claim. It is the kind of story we love as financial planners.
The Need for Insurance
Our heart has been breaking in recent weeks over the massive floods affecting so much of Queensland and NSW. If you or someone you know has been affected, please know our thoughts are very much with you at this time.
How to Find Yourself Singing in the Rain
Last week we discussed how the Governor of the Reserve Bank Phillip Lowe recently recommended that home borrowers ensure that they have a ‘buffer’ against the time when interest rates inevitably rise. Interest rate buffers are not the only type of buffer in good financial planning. Buffers are used in many areas, but the need for buffers always comes from the same source: understanding that the way things are now is not likely to be the way things are in the future.
Some Good News about Covid-19 and Life Insurance
If you hold a life insurance policy in Australia, the good news is that your policy will almost certainly not exclude health events that are caused by Covid-19. This is especially the case for policies that pre-date 2020, but is also almost always the case for policies that you took out before you became or become ill with Covid.
The National Disability Insurance Scheme
The National Disability Insurance Scheme, or NDIS is an insurance scheme that funds supports to people with a permanent disability. The idea is that those supports work to reduce or remove things that disable a person. It is currently helping almost 450,000 people, so it affects a lot of us either directly or indirectly.
Income Protection #3 – Nothing Lasts Forever
Changes are happening to income protection insurance. In recent weeks we have discussed two major changes happening in the income protection world. This week, we discuss the third change, which affects the duration of an existing policy.
Income Protection #2 – 70% is the new 75%
Changes are happening to income protection insurance. One of the main changes has already taken effect and we discussed it in an article two weeks ago. There are two more major changes, the first of which we discuss this week. We will discuss the final change next week.
Income Protection #1 – Indemnity, Indemnity, Indemnity!
Changes are happening to income protection insurance. One of the main changes has already taken effect, with a couple of others slated for 2021. This article will discuss the changes that have already taken place and we will publish a couple of articles in November discussing the changes that are yet to come.
A bet you hope you lose
the mathematics underpinning life insurance has a lot in common with betting on horse racing. Because of this, most punters and most life insurance policyholders ‘do their dough.’ That said, life insurance is a bet you hope you lose - which makes it very different to backing a slow horse.