Risk Insurance

Underwriting. Sounds serious

You may have heard the term underwriting in relation to your life insurance. Underwriting sounds serious. And, given why we need to take out life insurance, underwriting is relatively serious. But it is also quite straightforward. This article explains it all.

A parent’s job is never done

A parent’s job is never done. Losing a parent can hurt.

What is trauma insurance?

Trauma cover is a form of life insurance that provides a lump sum benefit if you experience a specified form of medical trauma. This trauma can be a critical illness or a critical injury - and some insurers allow you to select which of these you wish to be insured for.

Income protection insurances

Income protection insurance is essential for all people who would suffer financially if they were unable to earn income from working. This includes single people whose own lifestyle would suffer if they were unable to earn income as well as people who have financial dependents, such as parents.

There is such a thing as a happy loser!

Many people regard life insurance as a grudge purchase. Something they have to buy, not something they want to buy. This is exactly the wrong way to think about things. After all, how many things do you buy and hope you never use?

Your most important asset

What is your most important financial asset? Is it your home? Your superannuation fund? Your investment portfolio? Your sports car (probably not!)? Actually, it’s you.

ASIC’s review of life insurers and their payment of claims

In 2016, ASIC reviewed the performance of the major insurers when it came to paying insurance claims. The report makes for troubling reading, especially for people who organise their own insurances. The news was much better for people who used a financial adviser to help them arrange their insurances.

Insurance that you never knew you had

Many working Australians – or Australians who used to work – have insurance of which they are unaware. This can be a huge relief if ever something goes wrong and you cannot work. If you or someone you know has become unable to work, then this article is a must-read. And if you think you might need help with a claim, please make sure you contact us.

Income protection insurance in super

Risk insurances need to be properly structured and insurers often need to be handled assertively.

Continuity of Cover

If there is no such continuity, the insured person may find themselves unable to make a claim.