Archive for the ‘Insurance’ Category

Income protection

By admin • June 28th, 2019

An income safety net Income protection insurance, also known as salary continuance, can help you manage your expenses if you are unable to work for a certain amount of time if you are sick or injured. When purchasing income protection, consider what other types of life insurance you need as well, such as life cover […]

The experience of trauma

By admin • March 11th, 2019

A traumatic event is one that threatens your life or safety, or the lives of people around you. They are extremely common and may lead to posttraumatic stress disorder. This article explores the impact of trauma and why early intervention is important. Most Australians will experience, or be exposed to, a potentially traumatic event(PTE) at least […]

Protect your income!

By admin • March 11th, 2019

Your income is the foundation upon which your family’s financial plans are built and in most people’s lives there won’t be a larger asset to protect than their cumulative income. Consider this – a 40-year-old man currently earning $75,000 per annum with salary increases of 5% each consecutive year will earn over three and a […]

Getting more out of income protection insurance

By admin • December 4th, 2018

If you’re working and haven’t yet reached the point of financial independence, then income protection insurance should be on your radar. As the name implies, it can help you protect your greatest asset – the ability to earn an income. At the heart of all income protection policies is the promise to pay the policy […]

Which is more precious…?

By admin • December 4th, 2018

It’s the middle of the night and you’re jolted awake by extreme pain in your chest. You feel like the life is being crushed out of you and immediately realise you’re having a heart attack. Your partner frantically calls 000 and as you lay clutching your chest waiting for the ambulance to arrive all you […]

Default insurance cover

By admin • August 31st, 2018

Many Australians have default Life Insurance and Income Protection in their work super fund. This is probably an Industry super fund such as Cbus, Hesta or Care for example. Perhaps many even realise they have this cover, but I’d suggest not many realise the differences in the quality of the cover when it comes to […]

DIY Insurance – will it work for you?

By admin • May 30th, 2017
DIY Insurance – will it work for you?

Research showing that Australians are underinsured, has prompted insurance companies to advertise simple insurance solutions on television. But are these quick and easy plans suitable for your family? A study commissioned by the Investment and Financial Services Association (IFSA) found that only 4% of the population with dependent children was adequately insured. Another survey undertaken […]

What would happen if you couldn’t work?

By admin • May 26th, 2017

If you were paid the average annual wage of $82,804 (1), you could potentially earn $10,000,000 over a 40-year working life (2). You would use this money for daily living, for holidays, to accumulate assets like a house and car and to save for your retirement. Being injured or taken ill, for only a short […]

A great way to help your kids

By admin • January 31st, 2017

We are always hearing about how important it is to insure our own lives and income, but what about insuring our children’s? How would your adult child and their family survive financially in the unfortunate event of an accident or an illness that prevented them earning an income for an extended period of time? Income […]

Insurance in super – is your cover adequate?

By admin • November 29th, 2016

You have insurance cover in your superannuation right? You probably think you’re adequately covered, yet if something were to happen to you, you might be in for an unpleasant surprise – and by then it might be too late. An example from an adviser’s perspective: I met a new client recently who was in quite […]

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