Archive for the ‘Insurance’ Category

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 […]

Counting the cost of a curve ball

By admin • November 16th, 2016

Here’s a confronting question: what would you do if the main breadwinner in your household could no longer bring in an income? Do you have a Plan B? Most people don’t. That’s where insurance comes in. Curve balls. They’re unexpected, often deceptive and it’s impossible to predict their trajectory. That’s why they’re so devastating – […]

How well protected is your business?

By admin • September 23rd, 2016

If you’re like many business owners you have already insured the physical assets of your business from theft, fire and damage. But have you considered the importance of insuring yourself – and other key people in your business – against the possibility of death, disability and illness. Not being adequately insured can be a very […]

An often forgotten aspect of insurance

By admin • September 15th, 2016

When most people think about financial planning they tend to focus on the wealth creation side of things, but often forget about the wealth protection. Building a financial plan without adequate insurance is like building a house on flimsy foundations. Comprehensive insurance cover can be a significant expense; however these costs can be made more […]

Next Page »