The number of women becoming afflicted with breast cancer is increasing with 14,509 new cases seen this year, 800 of which are women below 40. The Breast Cancer Awareness month of October marked the partnership between financial advisers and Asteron Life and launched Asteron Life Complete. This is to provide the best cover for women…
From the time Accelerated Program was launched by TAL Life Insurance in 2009, it has gone its sixth upgrade on 1 November 2012. As a proud company that pays a daily claim of $2.5 million, TAL is zealous in its life insurance provision. Over 100 improvements were made after a review was done on…
Anyone watching TV recently would be well aware of the increasing number of Life insurance companies promoting direct insurance to consumers. Increasing the awareness of the need for personal insurance cover is great as most Australians and their families are underinsured. Many people have been misled by the advertisements and believe that insuring direct without…
An inability to earn income could risk many priorities in life and in as short as three months, even homes, a major investment, may be threatened. A 2012 Life Risk Survey by CommInsure revealed that.. – 39% would resort to mortgage or remortgage – 32% would choose downsize their homes – 28% would…
Income protection is important but where is the policy best held – inside or outside superannuation? The answer depends on several factors such as the needs of each individual. Note that in an income protection… Cover structures inside or outside super are with tax deductibility benefits. Inside or outside super, taxes are applied on…
Research house Dexx&r’s financial year report data for 2012 showed growth in life insurance premiums. The report showed an increase of 37.6% to $2.64 billion for new annual premiums for the year. Other growth reports are as follow: Group life insurance rose up to 96% on last year to $1 billion, the biggest…
After changes made in March and May, MLC Insurance of the National Australia Bank has made more changes in its offerings and has introduced RiskFirst Rapid. The product aims to… – Address needs for further income protection premium savings – Allow quick coverage On top of this, an additional 20% savings on…
Dennis Jones CFP, the Principal of Beacon Wealth and Christopher Cachia CFP, the Principal of CCA Financial Planners (CCA Fp) have been friends and work colleagues since 1996. Dennis and Chris have attended many conferences and technical workshops together over the last twelve years and in February this year completed the Stanford University Leadership…
The last quarter of 2012 financial year saw a great number of life insurance complaints filed at the Superannuation Complaints Tribunal. Telephone complaints coming from fund members totaled 2809 while the number of written complaints reached 627. Summary of complaints with decisions by both fund trustees and insurers upheld by the SCT: In…
At the Association of Super Funds of Australia event, Deputy Chair Ross Jones acknowledged that APRA’s initial position that restricts benefits offered to coverage acquired through life insurance was stiff. When selecting an insurer, licensees were asked to check not only insurance level premiums but all insurance arrangements aspects prior to selecting an insurer. The…