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For many Income Protection policyholders who made it through the pandemic unscathed, the impulse to purge insurance from the budget may seem tempting. ...

Life is uncertain, and we never know when an accident may occur that could lead to us becoming unable to work. This is why Total Permanent Disability (TPD) insurance is the best option to financially help anyone who falls into this situation. ...

Being self-employed comes with a lot of perks – flexible schedules, tax breaks, and unregulated holidays are just a few. However, when you are working for yourself you can miss out on the advantages that come along with being an employee, such as benefits, security, and paid leave. ...

Considering the capacity of your insurance provider to pay onwards of  75% of your income is paramount to your security should you fall ill or victim to injury. Below are some factors to consider in a post-pandemic society and why income protection is as important as ever.     ...

The Life and Accident & Health sectors, The Australian Insurance Regulators have been reviewing income protection policies since early 2020. The Australian Prudential Regulation Authority (APRA) proposed new measures for income protection insurance, after substantial ongoing costs to income prot...

In turbulent times we are reminded that life can throw its fair share of curveballs our way and without precautions in place, picking up the pieces can be highly stressful. ...

Australian financial services firm ‘Rice Warner’, recently coined Australia the ‘Underinsured’ nation. So now might be the best time to speak to a reputable and personable insurance provider about a tailored policy. ...

Life is so uncertain; we never know what may happen tomorrow to ourselves, or our loved ones. Every year thousands of people deal with unexpected injuries or sudden severe illness, which can be challenging for them and their families, both emotionally and financially. ...

The tumult of 2020 took many Australians by surprise in way of lifestyle, agency, and employment. In light of new research from a Roy Morgan study, the impact of COVID-19 on Australia’s job market shows 67% of Australians have had a ‘change to their employment’ due to the pandemic, 4% or 6...

As March looms and the government’s JobKeeper scheme winds down, many Australians are seeking answers around the security of their future income and the stability of the job market in a post-pandemic economy. ...

Do you know how many accidents take place in Australia each year? Ninety road deaths occurred just in December of 2020. And there are lots of other accidents that occur in the workplace and at home every year. ...

Trauma insurance, which is also known as Critical Illness insurance, covers specified, serious conditions. Owing to the current global pandemic, there have been many asking the question: does trauma insurance cover me if I am infected with Covid-19? ...

The global financial and commercial impacts of the coronavirus pandemic have starkly exposed the fragility of our modern economy. ...

By July 2020, it was estimated that more than 2.6 million Australians had taken up the Commonwealth Government’s early superannuation access scheme, developed in response to the financial hardships imposed by the coronavirus pandemic and subsequent widespread job losses. ...

Income protection insurance protects your most important asset – your income. Your income is worth protecting, but anything that involves your money usually comes with millions of questions. ...

Trauma insurance, also known as critical illness insurance, is one of the lesser-known insurance covers, and is often misunderstood. ...

If you already have some form of income protection insurance in place, you probably also already know that this is one of the smartest and most important financial strategies that you can invest in. ...

As the name suggests, accidental death insurance is a type of insurance that provides a benefit upon the death of the insured person. It’s a cost-effective option when compared to life insurance which covers death by any cause. ...

Just about everyone dislikes the process of getting insured, whether it’s health insurance, car insurance, house and contents insurance, business insurance or products that cover your income in the event of an unforeseen circumstance that limits your ability to earn money ...

Being a part-time or casual worker offers you more flexible working hours and a higher equivalent rate of pay than full-time workers. However, casual workers may have to compromise on job security. ...

How long would you be able to support yourself for, if your income were to stop tomorrow? You need to know the answer to this question if you want to be able to protect your family from any unexpected financial problems. ...

An income protection policy is designed to pay you out a monthly benefit to replace your income, if you become unable to work due to an injury or illness. You can be paid up to 85% of your income from an income protection policy. ...

The conversation about income protection insurance usually trends towards whether or not it is a valuable investment for you to make as part of your overall personal and business financial strategy. ...

Once upon a time obtaining an insurance quote would involve ringing around or meeting with potential providers and filling out paperwork. Now, like so many other parts of the retail and services sectors, insurance quoting is increasingly moving online in a world of e-commerce ...

2020 has changed our lives in many ways and our priorities and lifestyles have been turned upside down. We know now this is going to be the new normal, and people have started focusing on long-term needs like insurance, which was before a secondary thought and has now become a primary one. ...

Navigating the personal financial implications that have fallen out of the various State and Commonwealth government stimulus responses looks like being quite a minefield for most Australians this year. Whether it’s working out what you are eligible for or pulling your tax return together, there a...

The customer experience impacts all areas of sales and business. No matter what you do or sell, the interactions and experiences that a customer has throughout their customer journey influences if they chose to purchase a product or service. While customer experience has always been the most importa...

Making the decision to take out an insurance policy is a big choice. You need to decide what type of cover and how much cover you need, to make sure that your family get proper financial support if something were to happen to you. While choosing insurance, most people often get confused between acci...

Total and Permanent Disablement (TPD) insurance is a type of life insurance that is designed to protect workers from financial consequences if they lose the ability to ever work again, through illness or injury. ...

We are all living in a technologically driven era. Whether it is ordering our food, shopping, booking tickets, almost everything we need is just a few clicks away, and we have become very comfortable with this reality. However, there are always some hesitations when turning to the digital world for ...

Many Australians struggle with the uncertainty of the future every day, however they can simply minimise their risks with a range of personal accident & health insurance products. By purchasing A&H Insurance products, you can at least add some sort of certainty to an inevitably uncertain fut...

Income protection insurance is one of the most effective financial strategies available for many Australians. In simple terms, even if you’re young, fit and healthy, there is always a risk that an event could occur which prevents you from attending work and earning an income. ...

The second wave of coronavirus infections is hitting Victoria hard and cases are also still increasing in New South Wales. Along with the increase in infections, there has been a dramatic rise in hospitalisations and, with the lag effect of seven or so days, that is expected to continue to rise over...

An underwriter is an insurance professional who specialises in risk assessment and determines how someone/something can be insured. They conduct an in-depth analysis of the risk and determine the most appropriate cover and associated pricing. ...

Amid the global coronavirus crisis many Australians are finding their personal finances are continuing to take a hit as redundancies and business closures increase daily. Many people are beginning to find the pandemic is impacting their financial futures, and the future of their families. With this ...

Trauma Insurance, also known as Critical Illness insurance, is designed to pay you a lump sum of cash if you are diagnosed any of the specified medical conditions such as a heart attack, stroke or cancer. Trauma insurance could be the only thing to protect you from financial stress when you are suff...

Most working Australians contribute to a superannuation fund and practically all superannuation products include some form of insurance, whether it be life insurance, total permanent disability insurance or income protection insurance. In fact, the Australian Government’s money smart website estim...

Accident and Health (A&H) insurance, as the name suggests, is an insurance sector that provides a benefit during accidental injury & illness, including death. ...

As a result of the coronavirus pandemic, many Australians have been forced to work from home. In some ways, working from home can be a lot easier and more comfortable, but one thing that many people are confused about is whether they need still need income protection cover if they are working from h...

Australia is a great place to both live and work. A growing economy, world-class education system and a great healthcare system are just some of the incredible benefits you reap from living and working within such an amazing country. One benefit that Australians reap from working in this country is ...

A business insurance consultant can save your company a fortune in premiums and claim costs. They can save you from the frustration and hassles that you have to go through when first selecting, renewing insurance or claiming on it.   ...

Getting income protection insurance can be a big step and most providers will let you pay your income protection premium in several ways. One of the crucial factors to decide the mode of premium payment is the availability of funds. ...

Even before the outbreak of the COVID-19 pandemic, working from home was becoming more common – in fact telecommuting was a term first brought into vogue in the 1990s. With social distancing and isolation rules in place, a significant proportion of the population is now working from home and many ...

People are now beginning to think more about Income Protection and Life Insurance than ever before. Everyone now wants to think about what they can do for both themselves and their families, during a time of crisis.   ...

Income protection insurance is one of the most important and strategic financial decisions you can make. But like many financial decisions and, particularly insurance decisions, it can be a confusing minefield to negotiate. ...

These are strange days indeed. In a matter of two months, Australians (and people the world over) have dramatically changed the way they work and learn. And for many families, the dual challenge of working and supervising children’s schoolwork is positively overwhelming.   ...

The global pandemic has dramatically changed the economic and working life of many Australians. The majority of people are staying inside their homes, and they can’t go out and work. ...

The brand and product-focused insurance industry are now slowly transforming the way they work. Due to an increase in new competitors and customer expectations, it’s forcing the industry to focus more on a smooth, user-friendly platform to provide a digital experience to customers. ...

As the full impact of COVID-19 starts to become apparent for the Australian economy a new response has begun to emerge, with employers actively considering or requiring employees to work from home. Just this week, NAB evacuated its Melbourne head office in Docklands following a staff member testing ...

When purchasing any insurance, you can either choose to buy it from an insurance broker or an insurance agent who represents a particular insurance company. ...

When we think of insurance, often the first name that comes to peoples’ minds is Lloyd’s of London – the world’s specialist insurance and reinsurance market – which brings together an outstanding concentration of underwriting expertise and talent and is often the first to insure em...

Getting older isn’t what it used to be. Back in the day, you could expect to retire at 65, receive the age pension, take up hobbies and spend your latter years watching the grandkids play in the backyard. These days, Australians are living longer, having children later and, most importantly, worki...

The media recently reported on the tragic story of a South Australian mother who is dying of cancer but recently discovered that the life insurance cover she thought was in place had lapsed when she swapped superannuation providers and didn’t realise she hadn’t activated the life insurance optio...

The country’s financial services regulator – the Australian Prudential Regulatory Authority (APRA) – is pushing aggressively for significant changes to the way that disability income insurance is managed in the country. ...

Silicosis, caused by breathing the dust from manufactured stone, and containing crystalline silica, has become an epidemic among Australian stonemasons. The disease, the contemporary equivalent of the asbestosis scourge which still impacts many Australians, is incurable, with a high fatality rate. A...

As the fallout from the Hayne Royal Commission continues, the Australian Securities and Investment Commission (ASIC) is beginning to flex its regulatory muscle in the financial services sector.   ...

Summer is a time of joy, celebration and rest for most Australians. We catch up with family, eat & drink and ‘be merry’. We hit the road in droves and head to our favourite holiday destinations. We take time off work and most of us take some time to rest and recuperate.  ...

You’re young. You’re fit and healthy. Your career is starting to hit its straps. Chances are you haven’t started a family yet. You’re earning good money – good enough money to buy a nice, brand new car. You’ve taken out comprehensive insurance on the car because it’s the largest asset ...

It would be no surprise to hear that most Australians don’t have the scale of accumulated savings required to protect them for an extended period of time in the event of a significant life event – i.e. one that prevented them from working for anything but a short period of time. ...

In September this year the Australian Treasury published a proposal paper outlining potential reforms to the sale of add-on insurance products. This is an issue that has attracted considerable attention in recent years from ASIC, the Productivity Commission and, most recently, the Hayne Royal Commis...

Imagine getting ready for the rest of your life, just married, moved into the house of your dreams and you receive a medical diagnosis that stops everything. ...

Choosing the right type of insurance to cover for a potential medical emergency or incapacity can be challenging. If you’re under 30, have no dependant family or major obligations and are fit and healthy, the idea of taking out insurance against your future earnings has probably not even crossed y...

Everyone’s experienced it – speaking to someone on the phone or at the bank about a finance product and the next thing you’re being inundated with recommendations for additional products, particularly insurance products. You probably want to say no, the salesperson is pushy and persuasive and ...

For most of us, whether we’re paying a mortgage or rent, servicing debt or supporting a family, our financial stability depends on our ability to go to work. Unfortunately, things don’t always go according to plan. If illness or an accident interrupts your ability to work, income protection insu...

In an online world, getting access to insurance products couldn’t be easier. Simply hop on the net, maybe check out some of the comparison websites, choose an insurer and a policy and away you go. But with something as important as income protection insurance, how do you really know that you are g...

Income Protection Insurance is not usually a consideration for most young people. However, there are several arguments to be made for taking out an income protection policy even if you are younger – the most significant advantage being the price of premiums. ...

Recruiting and retaining good talent is increasingly challenging, particularly with expectations of millennial and Gen Y employees so different to their Gen X and Baby Boomer predecessors. With unemployment levels low and greater mobility of younger employees, strategies to attract and keep quality ...

For many Australians, the cost of income protection insurance is a barrier to taking it out – it is estimated that only about one third of working Australians hold income protection insurance outside their superannuation. Leaving aside the fact that many Australians are not even aware of what inco...

It is estimated that the average Australian professional salary earner’s accumulated post-tax earnings between ages 25 and 60, expressed in today’s dollars, is somewhere between $3 million and $4 million. Compared to average capital city house values of between $450,000 and $900,000 (depending o...